Azerbaijan Export

Investment Climate Statements provide a thorough description of the overseas environments in which U.S. investors must operate. The statements cover general characteristics, such as openness to foreign investment and treatment of foreign investors, as well as details about procedures for licensing and similar administrative matters. The statements are updated each year as Chapter 7 in the Country Commercial Guides, a series to be found by country at the U.S. Department of Commerce's website: http://www.export.gov/. ... [Read More]

Azerbaijan

Azerbaijan continued to affirm its commitment to an economic transition from central planning to a free market; however, reforms stagnated in practice. Economic growth has been spurred by substantial foreign investment in the hydrocarbon sector, but it is offset by widespread corruption and patronage. While government statistics pointed to continued economic growth during the year, the real economy continues to be affected by a low level of foreign business activity due largely to low oil prices in 1999, a lack of oil industry infrastructure, widespread corruption and a deteriorating business climate. Consistently high oil prices appear to be reversing that trend. The country has rich petroleum reserves and significant agricultural potential. Oil and oil products are the largest export, followed by cotton and tobacco. Other key industries are chemicals and oil field machinery. The government signed new oil production sharing agreements with foreign oil companies and a group of eight oi ... [Read More]

USIA, Economic Perspectives, September 1997 -- ExportControl Laws

Any item on the Munitions List requires a license for export toall countries (with a few exceptions for exports to Canada). Under current regulations, licenses are denied for defense goodsand services exports to Afghanistan, Armenia, Azerbaijan,Belarus, Cuba, Iran, Iraq, Libya, North Korea, Serbia-Montenegro,Syria, Tajikistan, and Vietnam. They are denied also tocountries currently subject to U.S. arms embargoes: Burma, China,the Democratic Republic of Congo, Haiti, Liberia, Rwanda,Somalia, and Sudan. ... [Read More]

USIS Washington File: TEXT: EX-IM ON EXPANDED EXPORT SERVICES TO SEVEN COUNTRIES

The Board of Directors of the Export-Import Bank of the United States (Ex-Im Bank) voted to expand its programs to finance the export sale of U.S. goods and services to Costa Rica, Croatia, Moldova, Azerbaijan, Palau, the Marshall Islands, and Bolivia, effective October 15, 1998. The actions were the result of a normal cover policy review reflecting economic improvements in those countries. ...

Washington -- The Export-Import Bank of the United States (Ex-Im Bank) has announced expansion of services for exports to Costa Rica, Croatia, Moldova, Azerbaijan, Palau, Marshall Islands and Bolivia. ... [Read More]

Azerbaijan

There were no export processing zones. ...

The Government continued to affirm its commitment to development of a market economy, but economic reform continued to be slow. According to official figures, the population was approximately 8 million, but an estimated 2 million of this number lived and worked outside the country. Widespread corruption and patronage reduced competition, and the slow pace of reform limited economic development outside the oil and gas sector, which accounted for more than 90 percent of the country's export revenues. Despite the privatization of 98 percent of the country's farmland, commercial agriculture remained weak, and subsistence farming dominated the rural economy. Foreign aid was an important source of national income. A growing moneyed class has emerged in Baku, and poverty nationwide has decreased, but 49 percent of the population still lived below the poverty level. ... [Read More]

U.S. Assistance to Azerbaijan – Fiscal Year 2004

U.S. Treasury Department advisors also provide technical assistance to the government on budget policy and tax administration. The U.S. continues to support American exports to and investment in Azerbaijan through the Overseas Private Investment Corporation (OPIC) and Export-Import Bank. A U.S. Trade and Development Agency (TDA) advisor assists the government with World Trade Organization (WTO) accession. TDA grants have also been signed to provide technical assistance to the State Oil Fund in asset management, to the government in developing a tourism strategy, and to restructure the state oil company, SOCAR. ... [Read More]

Azerbaijan

Azerbaijan is a republic with a presidential form of government. The Constitution provides for a division of powers between a strong presidency and parliament (Milli Majlis) with the power to approve the budget and impeach the President. The President dominated the executive and legislative branches of Government. Ilham Aliyev was elected President in October in an election marred by numerous, serious irregularities. Parliamentary elections in 2000, 2001, and during the year featured similar irregularities, resulting in some domestic groups regarding the parliament as illegitimate. Opposition members made up only a small minority of the Milli Majlis' 125 deputies. The Constitution provides for an independent judiciary; however, the judiciary did not function independently of the executive branch and was corrupt and inefficient. The Ministries of Internal Affairs (MIA) and National Security are ... [Read More]

Azerbaijan

Azerbaijani customs authorities may enforce strict regulations concerning temporary importation into or export from Azerbaijan of items such as firearms, religious materials, antiquities including carpets, medications, and caviar, and any amount of currency over USD 1000.  It is advisable to contact the Embassy of Azerbaijan in Washington for specific information regarding customs requirements.  Please see our information on customs regulations at http://travel.state.gov/travel/cis_pa_tw/cis/cis_1468.html. ... [Read More]

U.S. Assistance to Azerbaijan – Fiscal Year 2002

U.S. economic reform programs focus on accelerating growth and development of private, small and medium enterprises in agriculture and other targeted areas, with emphasis particularly on the non-oil sector to boost balanced growth for the broader population. The U.S. will continue to support American companies through the Overseas Private Investment Corporation (OPIC), Trade Development Authority (TDA), and Export Import Bank. Due to the waiver of Section 907, the U.S. Treasury Department is considering providing advisors to the government for debt and budget. TDA has agreed to provide a World Trade Organization advisor. The U.S. Department of Agriculture plans to provide $10 million in export credit guarantees. ... [Read More]

Azerbaijan (10/04)

Export.gov provides a portal to all export-related assistance and market information offered by the federal government and provides trade leads, free export counseling, help with the export process, and more. ...

Azerbaijan has concluded 21 production-sharing agreements with various oil companies. Eastern Caspian producers in Kazakhstan also have expressed interest in accessing this pipeline to transport a portion of their production. Partner sanctions of the Baku-Tbilisi-Ceyhan oil export pipeline was completed in August 2002 and construction awards were announced. Construction began in the second quarter of 2003, with completion projected by the end of 2004. A Baku-Tbilisi-Erzurum gas export pipeline was sanctioned in February 2003. ... [Read More]