Trade and Business in Azerbaijan, Baku

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

1. To analyse the Azerbaijani Economy and Foreign Trade (Import, Export, FDI)
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

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 Organisation (ECO)
4. Regional Organisation 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 Organisation (SCO) (Dialogue Partner)

Trade Facilitation Programs

1. World Trade Organisation (WTO) (in process of accession)
2. World Customs Organisation (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 Organisation (ICAO, Chicago Convention)
6. International Maritime Organisation (IMO)
7. Organisation 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)

Islamic Organisations

1. Islamic Development Bank
2. Organisation of Islamic Cooperation (OIC)
   1. Standing Committee for Economic and Commercial Cooperation of the Organisation 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 Organisations

1. Economic Commission for Europe (UNECE)
2. Organisation for Security and Cooperation in Europe (OSCE)
3. European Council
4. European Investment Bank
5. Azerbaijan is one of the founders of the Regional Organisation for Democracy and Economic Development (GUAM)

Global Economic Organisations 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 Organisation (WIPO)
4. World Bank (WB)
5. World Trade Organisation (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 kilometres
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 Civilisation).

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 privatisation 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)

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)

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

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