Azerbaijan raised the export duty on screws, bolts and nuts twentyfold, to 510 manats ($300) per metric ton from 25.50 manats ($15).
Prime Minister Ali Asadov signed the decision, which amends the country’s foreign-trade commodity classification and customs-duty schedule, according to Vesti Baku.
The new rate will remain in effect through Dec. 31, 2029. It will take effect 30 days after its official publication.
Latest Stories
Under the new tariff, the customs charge on a 10-metric-ton shipment will be 5,100 manats ($3,000), compared with 255 manats ($150) under the previous rate.