Page 50 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.72, # 2, 2015, pp. 40-49
Z.Y.Aslanov, S.M.Abdullayeva: The adaptation of the local private sector to the
international standards’ requirements

knowledges of professionals for new requirements, the assessment of compliance
with the new requirements and other operating expenses.
In international practice the transition period is given for the application of
new technical regulations by the private sector. In our country within the process of
WTO accession both for national standardization system to meet international
requirements, as well as for the provision of new requirements by the private sector
7-year transition period has requested. After Ukraine has adopted the new technical
regulations, except for the necessary safety measures, 1-3 year transition period has
allowed for its‟ mandatory application. During this period the manufacturers are
gradually applying the new requirements to their production processes. During this
period, the current standards also remain in force [Reforms on the way to the
European Market. 2011. p. 81]. It is considered appropriate to apply this experience
in our country. During the voluntary implementation period it‟s important for the
government to help manufacturers to understand requirements and application of
new technical regulations by constant education, as well as by providing of free
training and consultancy services.
Another important point is provision of grants and soft loans to the producers,
applying new technical regulations. For example, in this regard, the special state's
financial aid program is carried out in Slovakia. So, within this program the
government is covering the 65% of the expenses required to meet the guidelines of
the European Union by producers [Reforms on the way to the European Market.
2011. p. 85]. This experience could be applied in our country in regard to
manufacturers of the products which have a priority for the economy and export
potential. Primarily, it would be advisable the fulfillment of the general requirements
of technical regulations and compliance assessment to be met by these
manufacturers. On the other hand, to apply technical regulations the preferential
loans can be applied to the producers who guaranteed the safety of products and
interested in the export of products. Thus, producers will be able to get preferential
credit when they applied for it by noting that it aimed to apply the new technical
regulations and standards. One of the main advantages of giving either soft loans or
grants is safe and quality manufacturing of own products by manufacturers having
such a support and by this to promote the government to manufacture the safe
products in the local market. Therefore, it is necessary to use these experiences
within the financial opportunities of our country. This should be done in close

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