Trade and Business in Azerbaijan, Baku

The objectives of the subject “Foreign 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 Higher Educational Programs taught by EENI Global Business School:

Master (MIB): International Business.

Doctorate (DIB): Islamic Business, European Business.

Learning materials in or Azerbaiyán Azerbaidjan.

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

1. Transport Corridor Europe-Caucasus-Asia (TRACECA);
2. International North-South Transport Corridor (India-Russia);
3. Afghanistan-Turkmenistan-Azerbaijan-Georgia-Turkey Transport Corridor (Lapis Lazuli);
4. Trans-Caspian Trade and Transit Corridor (Central 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.

Azerbaijani Free Trade Agreements (FTA) 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 (FTA);
9. Georgia-Azerbaijan Free Trade Agreement;
10. Free Trade Agreement (FTA) between Georgia, Ukraine, Azerbaijan, and Moldova;
11. Free Trade Agreement (FTA) 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-European Union
    1. EU Eastern Partnership;
    2. Black Sea Synergy;
    3. European Union-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).

Sample:

Trade Facilitation Programs.

1. World Trade Organization (WTO) (in process of accession);
2. World Customs Organization (WCO)
   1. Revised Kyoto Convention (RKC).
3. International Convention on the Harmonization of Frontier Controls of Goods (UNECE);
4. International Bureau of Containers and Intermodal Transport (BIC);
5. International Civil Aviation Organization (ICAO, Chicago Convention);
6. International Maritime Organization (IMO);
7. Organization for Cooperation between Railways (OSJD);
8. Uniform Rules concerning the Contract of International Carriage of Goods by Rail (CIM, CIT);
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 (CCC, UN).

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Islamic Organizations:

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

Euro-Asian Trade and Economic Organizations:

1. Economic Commission for Europe (UNECE);
2. Organization for Security and Cooperation in Europe (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).

Global Economic Organizations and Conventions of Azerbaijan

1. Asian Development Bank (ADB);
2. Economic and Social Commission for Asia and the Pacific (ESCAP);
3. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD);
   2. International Trade Centre (INTRACEN);
   3. World Intellectual Property Organization (WIPO).
4. World Bank (WB);
5. World Trade Organization (WTO);
6. International Monetary Fund (IMF);
7. Azerbaijan also actively cooperates with the European Union (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 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).

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 (FDI) 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).

Sample:

Foreign 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 European Union (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 (FDI);
5. Access to the Eurasian Land Transport Initiative (Silk Road).

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

(c) EENI Global Business School (1995-2022)
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