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Solve the following problem using Python, implementing the functions described below, one line at a time
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Description:

def importcsv(self):
        ''' import data from csv '''
        csv_path = os.path.join(os.path.dirname(__file__), self.stock_no_files)
        with open(csv_path) as csv_file:
            csv_data = csv.reader(csv_file)
            result = {}
            for i in csv_data:
                try:
                    result[i[0]] = str(i[1]).decode('utf-8')
                except ValueError:
                    if i[0] == 'UPDATE':
                        self.last_update = str(i[1]).decode('utf-8')
                    else:
                        pass
        return result