Page 43 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.72, # 2, 2015, pp. 43-53

THE ADAPTATION OF THE LOCAL PRIVATE SECTOR TO THE
INTERNATIONAL STANDARDS’ REQUIREMENTS

Zabit Yunus Aslanov

PhD., assoc. prof., UNEC
E-mail: [email protected]

Sevinj Museib Abdullayeva
Candidate for PhD, UNEC
E-mail: [email protected]

Received 26 June 2015; accepted 10 November 2015; published online 29
December 2015

Abstract
The national standardization system of the Republic of Azerbaijan has been
undergoing the significant reforms to meet the requirements of accession to the
World Trade Organization and the process of integration into the European Union.
In accordance with these reforms, existing national regulations are being replaced by
strict international standarts. In this process, it is necessary to bring the private sector
in line with the new principles of standardization system, which is not easy and
requires large investments. In the paper the authors analyses the changes applied to
the existing national system of standartization, as well as aspects related to such a
reform.

Key words: national standardization system, private sector, World Trade
Organization, European Union, international requirements.
Jel Classification Codes: L15

As known, in relation to the membership of the World Trade Organization
(WTO) and integration to the European Union (EU) the national standardization
system of Azerbaijan has to be adapted to the requirements of those organizations.
This will result in significant changes to the current system. Thus, unlike the current
system, in the market economy system only the safety of products is regulated by the
state. The quality of the products is regulated by the market itself. Therefore, the
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