Azerbaijan Export and Investment Promotion Agency

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Azerbaijan Export and Investment Promotion Agency
Agency overview
Formed2003
HeadquartersBaku, Neftchilar ave., 32
Agency executive
  • Yusif Abdullayev, executive director
Websiteazpromo.az/en

Azerbaijan Export and İnvestment Promotion Agency (AZPROMO) is a joint public–private enterprise established by the Ministry of Economy of Azerbaijan in 2003.

Goals and tasks[edit]

The main purpose of the Agency is to promote the development of the country's economy by attracting foreign investment and encouraging exports to the non-oil region.[1][2]

Headship[edit]

The head of the Agency is Yusif Abdullayev.[1] He is also Vice President of the World Association of Investment Promotion Agencies (WAIPA), as well as regional director for Central Asia.[1][3]

Activity[edit]

Currently, AZPROMO has international offices in a number of European countries: Italy,[4] Georgia, Austria, as well as in China.[5]

In the international arena, cooperation is carried out with 80 international investment promotion organizations and chambers of commerce from 37 countries.[1] For instance, AZPROMO cooperate with trade representation of the Russian Federation in Azerbaijan,[6] International Finance Corporation,[7] World Bank, the European Bank for reconstruction and development (EBRD),[8] TajInvest,[9] Chamber of Commerce of Qatar,[10] Chamber of Commerce of Turkey,[11] Chamber of Commerce South Africa,[12] the Austrian-Azerbaijani Chamber of Commerce,[13][14] MRC Global, Foreign Trade Chamber of Bosnia and Herzegovina,[15] Chamber of Commerce of India PHD,[16] Chamber of Commerce of Bulgaria,[17] Jordanian Business Development Corporation,[18] etc.

In September 2016, AZPROMO became a member of the Silk Road International Chamber of Commerce (SRCIC).[19]

In December 2016, a Memorandum of cooperation was signed between AZPROMO and the Turkish company TUV Austria Turk in terms of creating a certification laboratory where food and agricultural products will be analyzed.[20]

In 2017–2018, 24 trade missions were organized on the initiative of AZPROMO.[21]

In 2019, the Agency organized 188 events (140 in Azerbaijan, the remaining 48 in foreign countries).[22]

In 2020, the representatives of AZPROMO participated in various international exhibitions: Worldfood 2020 in Moscow,[7] third China international import exhibition in Shanghai,[23] Green Week 2020 in Germany, Prodexpo 2020 in Russia, Gulfood 2020 in the UAE.[24]

So far, the Agency has carried out 33 export missions to foreign countries within the framework of the "Made in Azerbaijan" project.[7]

It is planned to increase exports in the non-oil sector to 3.6 billion US dollars by 2026.[8]

See also[edit]

References[edit]

  1. ^ a b c d "AzPromo". www.azpromo.az. Retrieved 2021-01-06.
  2. ^ Frappi, Carlo; Pashayeva, Gulshan (2013-07-24). Eu Eastern Partnership: Common Framework or Wider Opportunity? (The): EU-Azerbaijani Perspectives of Cooperation. EGEA spa. ISBN 978-88-238-1287-1.
  3. ^ MENAFN. "AZPROMO, WAIPA mull bilateral cooperation". menafn.com. Retrieved 2021-01-06.
  4. ^ "AZPROMO opens representative office in Italy". AzerNews.az. 2017-02-23. Retrieved 2021-01-06.
  5. ^ "Azerbaijan Investment and Export Promotion Fund (AzPromo) | Devex". www.devex.com. Retrieved 2021-01-06.
  6. ^ "AZPROMO и Торговое представительство России в Азербайджане обсудили расширение экономического сотрудничества". Trend.Az (in Russian). 2020-10-29. Retrieved 2021-01-06.
  7. ^ a b c "AZPROMO-da onlayn brifinq keçirilib". Vergilər Qəzeti (in Azerbaijani). 2020-09-03. Retrieved 2021-01-06.
  8. ^ a b "Азербайджан планирует удвоить ненефтяной экспорт к 2026г - Azpromo". interfax.az. Retrieved 2021-01-06.
  9. ^ APA.az (2020-08-14). "AZPROMO and TajInvest conduct exchange of views on implementation of joint projects". apa.az (in Azerbaijani). Retrieved 2021-01-06.
  10. ^ "AZPROMO изучает инвестиционные возможности Катара". vestikavkaza.ru (in Russian). Retrieved 2021-01-06.
  11. ^ "AZPROMO və Türkiyənin Van Ticarət və Sənaye Palatası arasında Anlaşma Memorandumu imzalanıb". BBN.az. 2017-12-14. Retrieved 2021-01-06.
  12. ^ "ЮАР намерена расширять сотрудничество с Азербайджаном". Информационное Агентство Репорт (in Russian). Retrieved 2021-01-06.
  13. ^ "Azerbaijan, Austria mull development of economic relations". AzerNews.az. 2020-12-14. Retrieved 2021-01-06.
  14. ^ "AZPROMO, MRC Global sign MoU". AzerNews.az. 2016-08-24. Retrieved 2021-01-06.
  15. ^ "Глобальный Бакинский форум предлагает решения актуальных проблем современности - глава Президиума Боснии и Герцеговины". www.belta.by (in Russian). 2017-03-13. Retrieved 2021-01-06.
  16. ^ "Азербайджан и Индия заинтересованы в расширении сотрудничества". CBC.AZ. Archived from the original on 2019-06-19. Retrieved 2021-01-06.
  17. ^ "Bulgaria". mfa.gov.az. Retrieved 2021-01-06.
  18. ^ "Cooperation between AZPROMO and Jordanian Business Development Corporation". Archived from the original on 2018-03-17.
  19. ^ "Silk Road İnternational Chamber of Commerce".
  20. ^ "Azerbaijan to set up export certification laboratory". AzerNews.az. 2016-12-24. Retrieved 2021-01-06.
  21. ^ Nations, Food and Agriculture Organization of the United (2020-06-01). Review of agricultural trade policies in post-Soviet countries 2017–2018. Food & Agriculture Org. ISBN 978-92-5-132856-9.
  22. ^ "Azerbaijan to send export mission to UAE". AzerNews.az. 2019-10-08. Retrieved 2021-01-06.
  23. ^ "На международной выставке в Китае будет представлена продукция из Азербайджана". "СНГ СЕГОДНЯ" - последние новости стран СНГ читайте на SNG.TODAY. Retrieved 2021-01-06.
  24. ^ "Azerbaijani products to present at 3rd China International Import Expo". AzerNews.az. 2020-11-02. Retrieved 2021-01-06.

External links[edit]

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