On December 26, 2014, the President of the Republic of Azerbaijan approved the State Program for Industrial Development for the period 2015-2020.
Main goals of the State Program with potential impact for international trade flows:

• Modernisation of the industry and improvement of its structure;
• Increase of export potential of non-oil-related industries;
• Expansion of a competitive industrial production with efficient use of energy;
• Expansion of science-intense and innovative production.

 
Activities planned to be implemented within the 2015-2020 time frame with potential impact for international trade flows:

• Preparation ofproposals for promotion of industrial competitiveness and new production capacities, as well as establishment of new enterprises based on local raw materials and natural resources;
• Reconstruction of industrial enterprises and support for the establishment of new industrial processing;
• Preparation of relevant proposals in relation to the encouraged use of environment-friendly technologies;
• Accelerated restructuring and privatisation of industrial enterprises;
• Expansion of the production of agricultural land vehicles, machines, technologies and equipment;
• Expansion of the production of alternative energy technology and equipment;
• Segregation and transportation of waste, as well as construction and commissioning of the related processing facilities;
• Completion of Sumgayit Chemical Industrial Park's infrastructure and improvement of its operations;
• Completion of Balakhani Industrial Park's infrastructure and improvement of its operations;
• Establishment of High Technology Park's infrastructure;
• Establishment of Ganja Industrial Park and development of its infrastructure;
• Establishment of Mingechavir Industrial Park and development of its infrastructure;
• Preparation of proposals for the creation of industrial clusters;
• Implementation of appropriate measures for establishment of industrial districts.

The financing of the the State Program will be performed from the following sources:

• State budget;
• Extra budgetary funds;
• Funds of the National Fund for Entrepreneurship Support;
• Funds of the Azerbaijan Investment Company;
• Local budgets;
• Local private investments and foreign direct investments;
• Loans and grants;
• Financial and technical assistance of international organisations;
• Other sources not prohibited by law.