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Korea-Azerbaijan Industry & Tech Cooperation. Two. Map. CONTENTS. o Introduction o Trade Landscape o Investment Landscape o Current Focus Toward New Horizon o Industrial & Tech Tie-Ups by Sector o Conclusion. Introduction. Introduction. □. •. □. Azerbaijan. Korea. Introduction.
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Korea-Azerbaijan Industry & Tech Cooperation Two Map
CONTENTS o Introduction o Trade Landscape o Investment Landscape o Current Focus Toward New Horizon o Industrial & Tech Tie-Ups by Sector o Conclusion
Introduction Introduction □ • □ Azerbaijan.. Korea..
Introduction □ Azerbaijan.. Korea.. □ -
Introduction □ Milestones in Azerbaijan-Korea Relationship
Trade Landscape □ Trade Volume Soars, Still Huge Potential o Jumps From US$32 million in 2005 to US$282 million in 2012 o Azerbaijan offers promising export items for Korea - Crude oil - Aluminum - Copper - Others Azerbaijan-Korea Trade Trend Two-Way Trade Volume (Jan.-Aug. 2013): US$191 Million Source: Korea International Trade Association
Trade Landscape □ Made-in-Korea Brand Gaining Popularity in Azerbaijan o High quality & moderate price driving competitiveness o Key items lead in Azerbaijan market share - Automobiles, TVs, refrigerators, others Korea-Turkey Top 10 Trade Items in 2012 Azerbaijan’s Top Ten Imports From Korea (2012) To Ten Automobile Importers to Azerbaijan Source: Korea Trade-Investment Promotion Agency (KOTRA) Source: 아제르바이잔 통계청
Investment Landscape □ Investment Exchanges Remain Low Despite Potential o Korean investment in Azerbaijan reached US$4.2 million in 40 cases as of March 2013 o 10 Korean companies operating in Azerbaijan Korean Companies Active in Azerbaijan 8
Industrial & Tech Tie-Ups by Sector Oil & Gas □ Oil & Gas Exports Key to Azerbaijan’s Economic Growth oProven Reserves: 7 billion barrels, 0.6% of world’s total oDaily Oil Production: 931,880 barrels - Domestic Consumption: 85,320 barrels - Export: 846,560 barrels oGas development at Shah Deniz field - Capacity: 565 Bcf (plus 315 Bcf in Phase I) - One of the largest gas fields in the world
Industrial & Tech Tie-Ups by Sector Oil & Gas □ Korean Interest in US$15 Billion OGPC Project o OGPC: 1,500-hectare oil & gas processing and petrochemical complex o Construction Period: 2014-2022 o Project Detail: Consisting of 3 block o Location: 60 kilometers from Baku, the capital of Azerbaijan o Protect Details: • GPP: Gas processing plant • REF: Oil refinery, including, inter alia, reformer, • hydrocracker and FCCO unit • PETR: Petrochemical plant, including stream cracker • and polyethylene-polypropylene units • Management: State Oil Company of Azerbaijan (SOCAR)
Industrial & Tech Tie-Ups by Sector Construction & Infrastructure □ Growing Infrastructure & Construction Demand in Line With Azerbaijan’s Rapid Socio-Economic Development □ Korea Ideally Positioned to Participate in Azerbaijani Projects Based on Extensive Experience & Technology oKorean financing capacity complements expertise, experience & technology □ Major Infrastructure Projects Awarded to Korean Companies in 2013
Industrial & Tech Tie-Ups by Sector Information & Communications □ Azerbaijan’s Expansion of ICT Infrastructure oDevelopment of broadband Internet access - Envisions fiber-optic cable network for countrywide high-speed broadband Internet service - Continuation of Trans-Eurasian Information Superhighway Project □ Korea’s Proven Record in World-Class ICT Development
Industrial & Tech Tie-Ups by Sector Information & Communications □ Major ICT Cooperation Projects oAgreement on US$3.7-million grant for establishment of e-government training centers in Azerbaijan - 15 training centers supported by Korean experts - Integral part of broad “Electronic Azerbaijan” vision oEstablishment of state-of-the-art ICT demonstration venue for e-learning - Sharing of Korean expertise & experience in digital education oEstablishment of KIPOnet - Korea-developed electronic intellectual property support system - Online platform for patent applications & receipt, active technology database with search function, online payment of patent-related fees oSK C&C engaged in ICT system & solution establishment - Address registration information system - Intelligent transportation system (ITS)
Industrial & Tech Tie-Ups by Sector Agriculture □ Azerbaijan Plan to Double Agricultural Production by 2020 o6-7% growth projected for 2013 - Essential to improving living standards □ Potential Cooperation with Korea in Various Areas oTraining of skilled manpower oGrants & technical assistance oDevelopment of e-agriculture system □ Increased Agro Machinery Demand oExpanded farmland and greater mechanization fuel demand oVarious products, ranging from motorized tractors to hand-operated shovels
Industrial & Tech Tie-Ups by Sector Defense Industry □ Agreement to Sign Korea-Azerbaijan Defense Exchange MOU oBilateral Deputy Defense Ministers’ Meeting (August 2013) - Agenda: Exchanges in defense education, defense industry cooperation Water □ Korean Support to Improve Water & Sewage Service for Absheron District oGrant: US$26.18 million oFacilities: Two water reservoirs, sewage treatment oConstruction Period: 2011-2014