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Doing Business in Azerbaijan


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Syllabus of the Subject: Foreign Trade and Business in Azerbaijan. Baku

  1. Introduction to the Republic of Azerbaijan (Europe - Central Asia);
  2. Azerbaijani Economy
    1. Azerbaijani Petrol;
    2. Case Study: The State Petrol Company of the Azerbaijan Republic.
  3. International Trade of Azerbaijan
    1. European Union-Azerbaijan trade relations.
  4. Foreign Direct Investment in Azerbaijan;
  5. Doing Business in Baku;
  6. Access to the Azerbaijani market;
  7. Business Plan for 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.

Global Trade and Business in Azerbaijan:
International Trade and Business in Azerbaijan Baku

Online Course Business in the Eastern Europe Countries and Turkey

Online Student (Master International Business Foreign Trade)

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

Master: International Business.

Masters in International Business and Foreign Trade (MIB) - Online Education

Doctorate: Islamic Business, European Business.

Professional Doctorate in International Business (DIB). Online Education

Learning materials in Courses, Masters, Doctorate in International Business and Foreign Trade in English or Study Master Doctorate in International Business in Spanish Azerbaiyán Study, Course Master Doctorate in International Business in French Azerbaidjan.

  1. Credits of the subject “Foreign Trade and Business in Azerbaijan”: 1 ECTS Credits;
  2. Duration: one week.

Azerbaijani Online Students, Masters, Doctorate, Courses, International Business, Foreign Trade Azerbaijan - Master of Science in International Business (MIB).

Online Course Business in Central Eurasia

International Trade and Business in Azerbaijan

Trans-European Transport Corridors. Online Education (Course, Doctorate, Master)

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

Transport Corridor Europe-Caucasus-Asia TRACECA: Azerbaijan, Armenia, Georgia, Iran, Kazakhstan, Kyrgyzstan, Moldova, Romania, Tajikistan, Turkey, Ukraine and Uzbekistan

Market Access - Free Trade Agreements. Online Education (Courses, Masters, Doctorate)

Azerbaijani Free Trade Agreements and Market Access.

  1. Azerbaijan and the Central Eurasian Economic Area;
  2. Commonwealth of Independent States (CIS);
  3. Economic Cooperation Organization (ECO);
  4. Regional Organization Democracy Economic Development (GUAM);
  5. Black Sea Economic Cooperation (BSEC);
  6. Central Asia Regional Economic Cooperation (CAREC) Programme;
  7. Ukraine-Azerbaijan Free Trade Agreement;
  8. Russia-Azerbaijan Free Trade Agreement;
  9. Georgia-Azerbaijan Free Trade Agreement;
  10. Free Trade Agreement between Georgia, Ukraine, Azerbaijan, and Moldova;
  11. Free 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. Cooperation Council of Turkic Speaking States (Turkic Council);
  17. Shanghai Cooperation Organization (SCO) (Dialogue Partner).

Central Asia Regional Economic Cooperation (Trade Facilitation, customs, corridors)

Trade Facilitation Programs. TFA Agreement. Online Education (Courses, Masters, Doctorate)

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

International North-South Transport Corridor (India-Russia) Iran, Azerbaijan, Armenia, Kazakhstan, Kyrgyzstan...

Islamic Organizations. Arab League. Online Education (Courses, Masters, Doctorate)

Islamic Organizations:

  1. Islamic Development Bank;
  2. Organization of Islamic Cooperation (OIC)
    1. Committee for Economic Cooperation (OIC-COMCEC);
    2. Islamic Chamber of Commerce and Industry (ICCI);
    3. Islamic Centre for Development of Trade (ICDT);
    4. Statistical, Economic and Social Centre for Islamic Countries (SESRIC).

Euro-Asian Trade and Economic 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).

Online Education (Courses, Masters, Doctorate): Globalization and International Organizations

Global Economic Organizations and Conventions of Azerbaijan

  1. Asian Development Bank (ADB);
  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.

China-Central Asia-West Asia Economic Corridor: Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan, Turkmenistan, Iran Turkey. Road Transportation Course

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 square kilometers;
  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).

Islam and Global Business. Islamic Economic Areas. Online Education (Courses, Masters, Doctorate)

Azerbaijani Economy.

  1. The Republic of Azerbaijan is one of the fastest developing countries;
  2. The gross domestic product 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-petrol 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).

Community of Independent States CIS: Armenia, Azerbaijan, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, and Uzbekistan

Foreign Trade (Importing, Exporting) Online Education (Courses, Masters, Doctorate)

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 United States, Ukraine, Turkey, the People's Republic of China, Croatia, Indonesia, Malaysia, Singapore, Germany, and Georgia;
  4. The United Kingdom, the United States, 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).

European Union Eastern Partnership

Islamabad-Tehran-Istanbul Rail and Road Corridor: Turkey, Iran and Pakistan

Regional Organization for Democracy and Economic Development (GUAM): Azerbaijan, Georgia, Moldova, and Ukraine

Afghanistan-Turkmenistan-Azerbaijan-Georgia-Turkey Transport Corridor (Lapis Lazuli)

Trans-Caspian Trade and Transit Corridor (China, Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan, Turkmenistan, Iran and Turkey) Road Transportation Course

Isabel dos Santos (the richest women in Africa) was born in Azerbaijan
Isabel dos Santos, Angolan Businesswoman, Richest African Women (Angola)



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