DEVELOPMENT CONCEPT “AZERBAIJAN - 2020: OUTLOOK FOR THE FUTURE” Project improved. The sustainable and fair enforcement of laws and the formation of an effective mechanism for the supremacy of the law will be kept in the centre of attention. Measures will be taken to simplify and enhance foreign trade procedures and increase state support for entrepreneurs in increasing their competitiveness on foreign markets. Promotional activities will be carried out in order to increase the export capability of small and medium-sized businesses, the provision of preferential loans to businesses by the state will increase, anti-dumping and other protective measures accepted in international practice will be taken to protect the domestic market from unfair competition. At the same time, efforts will be mobilized to enhance customs, migration and other procedures and eliminate the factors that put investors off the local market. Conducting reforms in line with the international trade system in order to join the World Trade Organization (WTO) and bringing laws in line with practices applied in the world trade system will ultimately open new opportunities for the development of local companies and the country’s economy in general. Along with that, the measures that will be taken to optimize the structure of tax rates and mandatory state social insurance fees (the parts paid by employers and insured parties) will help create favourable conditions for business activity. Measures to form a fair competitive environment and restrict monopolies in the economy and especially on the consumer market will continue. Anti-monopoly laws and practices will be improved and practical measures will be taken to eliminate non-tariff obstacles being applied in trade. The protection of consumers’ rights will be improved, effective mechanisms to control the quality of products will be created, national standards of quality control will be prepared and the system of certification will be improved. The creation and development of public unions of entrepreneurs, including professional associations, will be supported and monitoring will be carried out regularly in order to detect and eliminate the factors that prevent the development of business. The measures that will be carried out in the period covered by the concept will ensure the balanced development of the main segments of the market of financial services in Azerbaijan (banking sector, non-banking credit organizations, insurance market, leasing market, securities market and factoring market). Banking control instruments will be improved, and appropriate measures will be taken to ensure the stable and safe development of the banking system. Consolidation measures and structural reforms in the banking sector will continue, and stimulation of competition, increasing the quality of banking-financial services, including the improvement of the infrastructure of electronic 13