Business in Azerbaijan

The objectives of the subject “International Trade and Business in Azerbaijan” are the following:

1. To analyze the Azerbaijani Economy and Foreign Trade
2. To know the business opportunities in Azerbaijan
3. To explore the Azerbaijani trade relations with the country of the student
4. To know the Azerbaijani Trade Agreements
5. To examine the profile of Azerbaijani companies
6. To develop a business plan for the Azerbaijani market

The Subject “Foreign Trade and Business in Azerbaijan” belongs to the following Online Programs taught by EENI Global Business School:

Master: International Business.

Doctorate: World Trade.

Languages: or Azerbaiyán Azerbaidjan.

1. Credits of the subject “Doing Business in Azerbaijan”: 1
2. Duration: one week

1. Europe-Caucasus-Asia Corridor
2. North-South Corridor (India-Russia)
3. Afghanistan-Turkey Corridor
4. Trans-Caspian Corridor
5. Access to the:
   1. Almaty-Bishkek Economic Corridor
   2. Islamabad-Tehran-Istanbul Rail and Road Corridor
   3. Eurasian Land Transport Initiative (Silk Road)
   4. China-Central-West Asia Economic Corridor

Azerbaijani Trade Agreements and Market Access.

1. Azerbaijan and the Central Eurasian Economic Area
2. Commonwealth of Independent States
3. Economic Cooperation Organization (ECO)
4. Regional Organization Democracy Economic Development
5. Black Sea Economic Cooperation
6. Central Asia Cooperation (CAREC)
7. Ukraine-Azerbaijan FTA
8. Russia-Azerbaijan FTA
9. Georgia-Azerbaijan FTA
10. Free Trade Agreement between Georgia, Ukraine, Azerbaijan, and Moldova
11. Trade Agreement with the Eurasian Economic Union (EAEU)
12. Transit and Transport Cooperation Agreement (Lapis Lazuli Route Agreement)
13. Iran-Pakistan-Turkey Transit Transport Framework Agreement (TTFA)
14. Azerbaijan-EU
    1. EU Eastern Partnership
    2. Black Sea Synergy
    3. EU-South Caucasus
15. Islamic Trade Preferential System (TPS-OIC)
16. Turkic Council
17. SCO (Dialogue Partner)

1. WTO (in process of accession)
2. WCO
   1. Kyoto Convention
3. Convention Harmonization of Frontier Controls of Goods
4. BIC (Containers)
5. Chicago Convention (ICAO)
6. IMO
7. Organization for Cooperation between Railways (OSJD)
8. CIM, CIT Rail Rules
9. COTIF Convention
10. IRU
    1. TIR Convention
    2. Guidelines on Safe Load Securing for Road Transport
11. Customs Convention on Containers

1. Islamic Development Bank
2. OIC

Euro-Asian Organizations:

1. UNECE
2. OSCE
3. European Council
4. European Investment Bank
5. Azerbaijan is one of the founders of the Regional Organization for Democracy and Economic Development (GUAM)

1. Asian Development Bank
2. ESCAP
3. UN
   1. UNCTAD
   2. ITC
   3. WIPO
4. WB
5. WTO
6. IMF
7. Azerbaijan also actively cooperates with the EU, NATO, European Bank for Reconstruction and Development

The Republic of Azerbaijan

1. Azerbaijan is strategically situated between Asia and Europe
2. Azerbaijan is located in the south-eastern part of Southern Caucasus
3. Azerbaijan shares borders with the Russian Federation, Iran, Turkey, Georgia, and Armenia
   1. With Kazakhstan and Turkmenistan (Caspian Sea)
4. Azerbaijani is the official language of Azerbaijan
5. The capital of Azerbaijan is Baku
6. Azerbaijani Area: 86,600 km²
7. Population of Azerbaijan: 9.6 million people
8. Independence from the Soviet Union: 1991

Main religion in Azerbaijan: Islam.

Azerbaijan belongs to the Central Eurasian Economic Area (Islamic Civilization).

Azerbaijani Economy.

1. The Republic of Azerbaijan is one of the fastest developing countries
2. The GDP of Azerbaijan grew 14.6% yearly to 14,309 billion Manat (AZN, the currency of Azerbaijan)
3. Azerbaijan ranks as the top reformer (World Bank- “Doing Business” survey), with improvements in 7/10 indicators of regulatory reform
4. The Government of the Republic of Azerbaijan is promoting the foreign direct investments into Azerbaijan
5. Azerbaijan is one of the World's leading countries by the foreign direct investment attraction
6. The privatization process is one of the greatest tools for the FDI attraction in the non-Oil sector of Azerbaijan
7. The Baku International Sea Trade Port was created in 1902; is the largest Caspian Sea ports
8. The largest industry in Baku is petroleum
9. The State Petrol Company of Azerbaijan Republic is one of the largest petrol companies in the World
10. Azerbaijani Currency: Manat (AZN)

International Trade of Azerbaijan.

1. Near 91% of the exported products from Azerbaijan (19 billion dollars) are exported to not- Commonwealth of Independent States (CIS) countries, while 9% (2 billion dollars) are exported to the Commonwealth of Independent States countries
2. 58% of the export products was carried out to the EU (32%), Asia (8%), and America (1%)
3. Azerbaijan has deep bilateral trade relations with Italy, France, Russia, Israel, the U.S., Ukraine, Turkey, China, Croatia, Indonesia, Malaysia, Singapore, Germany, and Georgia
4. The UK, the U.S., Japan, France, Norway, the Czech Republic, and Turkey contributed 1289.4 million Manat (87%) out of the total of the foreign direct investment
5. Access to the Eurasian Land Transport Initiative (Silk Road)

Isabel dos Santos (the richest women in Africa) was born in Azerbaijan

(c) EENI Global Business School (1995-2023)
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