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Azerbaijan's Ministry of Economic Development: General Information, WTO Relations, and Statistics

Explore the general information, WTO relations, and statistics of Azerbaijan's Ministry of Economic Development. Learn about its high economic growth, GDP, imports and exports, and more.

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Azerbaijan's Ministry of Economic Development: General Information, WTO Relations, and Statistics

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  1. The Republic of Azerbaijan The Ministry of Economic Development

  2. Contents • General Information • Relations with WTO • Statistic (SPECA, World) • Single Window • Ministerial Declaration • National and regional AfT action plans for SPECA

  3. General Information • Capital Baku • Population 9 mln • Religion Islam • Economy Azerbaijan's high economic growth during 2006-10 was attributable to large and growing oil and gas exports, but some non-export sectors also featured double-digit growth, including construction, banking, and real estate. In 2012, economic growth picked up to 3.8%.

  4. General Information • GDP ( purchasing power parity) $98.16 billion (2012) country comparison to the world: 75 • GDP ( real growth rate) 3.8% (2012) country comparison to the world: 90 • GDP ( per capita) $10,700 (2012) country comparison to the world: 113 • Labor force 6.206 million (2012) country comparison to the world: 66 • Unemployment rate 1 % (2012) country comparison to the world: 6 • Tax and other revenues 32.7% of GDP (2012) country comparison to the world: 84

  5. General Information • Budget revenues: $23.25 billion expenditures: $25.55 billion (2012) • Agriculture productscotton, grain, rice, grapes, fruit, vegetables, tea, tobacco; cattle, pigs, sheep, goats • Industriespetroleum and natural gas, petroleum products, oilfield equipment; steel, iron ore; cement; chemicals and petrochemicals; textiles • Exports$30.58 billion (2012) country comparison to the world: 64 • Export partners Italy 32.6%, France 13.3%, US 7.6%, Germany 6.3%, Indonesia 5.4%, Czech Republic 5.3% (2012)

  6. General Information • Imports$10.78 billion (2012 est.) country comparison to the world: 92 • Import commodities machinery and equipment, oil products, foodstuffs, metals, chemicals • Import partnersTurkey 18.1%, Russia 15.4%, China 7.8%, Germany 7.2%, UK 6.1%, Ukraine 4.6%, Italy 4.2% (2011) • Exchange rates Azerbaijani manats (AZN) per US dollar 0.78 (2012 est.)

  7. Relations with WTO • THE ACCESSION OF AZERBAIJAN TO WTO made ​​on June 23, 1997. • MULTILATERAL NEGOTIATIONS • PLURILATERAL NEGOTIATIONS • Bilateral negotiations • national legislation into conformity with WTO requirements • COMMISSION ON PREPARATION OF AZERBAIJAN’S ACCESSION TO WTO • PUBLIC AWARENESS

  8. Statistic 2013 january-may dynamics of trade relations between member states of SPECA with Azerbaijan • Volume of trade 262.62 million $ • Volume of import 141.07 million $ • Volume of export 121.55 million $ • Foreign trade saldo -19.52 million $ • share of the foreign trade turnover 1.8 percent • Import was 3.2 percent • export was 1.2 percent

  9. Statistic (SPECA) Source: State Statistical Committee of the Republic of Azerbaijan

  10. Statistic during the period of January-May 2013 the foreign trade turnover of the Republic of Azerbaijan • Volume of turnover 14.725,61 mln $ • Volume of import 4.359,81 mln$ • Volume of export 10.365,80 mln $ During this period the Republic of Azerbaijan trade with 135 countries, and the foreign trade balance was positive 6.005,99 million. U.S. dollars. Source: State Custom Committee

  11. Statistic (World)

  12. Statistic (World)

  13. Single Window • Azerbaijan is an important part of the “Silk Way” and north south transport corridor. This increases the importance of Azerbaijan for international trade. • State Program on development of customs system of the Azerbaijan Republic in 2007-2011 • Application of the “SW principle” on inspecting the goods and vehicles passing the state border checkpoints of the Republic of Azerbaijan (2008) Significance of «Single Window» • Access to information resources • Integrated system • Data identification and security • Search tool, monitoring and reporting • Scope and flexibility

  14. Single Window (benefits)

  15. Ministerial Declaration • Held in Baku 2010 • is the first high-level event for transition economies since the launching of the AfT initiative at the 2005 WTO Hong Kong Ministerial. • 122 delegates • One of the key outcomes was the signing of a Ministerial Declaration • The Conference also launched the SPECA Regional Aid-for-Trade Implementation and Monitoring Council (SPECA AfT Council), to provide a follow-up mechanism for monitoring and supporting AfT initiatives in SPECA countries • The organization of the Conference was coordinated by the UNECE and benefited from the financial, organizational and advisory support of a number of UN agencies and specialized institutions, making it an important example of the UN “delivering as one”.

  16. National and regional AfT action plans for SPECA • Introduction: • The revision of the national and regional AfT action matrices sought to update the matrices, provide development partners with a tool for planning better future trade development activities • Regional Goals: (RG) • Developing national supply side capacity • Harnessing of cross-border cooperation • Facilitating the beneficial integration of SPECA countries into the multilateral trading system

  17. THANK YOU

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