Page 52 - Azerbaijan State University of Economics

Z.Y.Aslanov, S.M.Abdullayeva: The adaptation of the local private sector to the
international standards’ requirements

mandatory certification of the products‟ safety parameters should be carefully
controlled.
5. Adaptation of new products in the consumer market. Manufacturing of the
products according to the new technical regulations and standards will lead to an
increase of their production costs and thus, an increase of their market price. This
will result in a rise in consumer prices in the market. Therefore, in order to prevent
the increase of the prices of products as much as possible it is necessary to support
the manufacturers to reduce their costs by usage of the above-mentioned financial
aids, grants and soft loans. At the same time, the gradual measures in the direction of
the improvement of social welfare and the increase to the level of consumer
purchasing power in Europe should be taken.
Another important point is the improving citizens' consumer culture and to be
more demanding of products purchased, including the implementation of
comprehensive measures for the protection of consumers' rights based on international
experience. The harmonization of the product safety regulation system with the
international standards leads to the giving more freedom to the manufacturers, which in
turn leads to the abuse of freedom by manufacturers. In a market economy consumers
are getting better than government to prevent this kind of abuse. The exactingness of
consumers makes manufacturers more sensitive than the exactingness of government.
Therefore, the important measures aimed at developing a culture of consumer awareness
should be promoted.
Conclusion
One of the most important elements of the adaptation of the national
standardization system with international standards should be especially the
development of the private sector to new system requirements. Thus, that will
require billions investment from the private sector for the transition to the new
system to be able to apply the new national standards based on international
standards. To do this, it needs to think in advance about the necessary investments
and preferential loan programs. In addition to this, the new system requires from the
private sector the establishment of closer cooperation and development of standards,

based especially on the needs of the private sector itself. This in turn makes
inevitable by private sector to take a more active role in this process, so in order to
take that role by the private sector it should be properly informed and the
mechanism for participation should be formed.

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