Azerbaijan Export and Investment Promotion Agency

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

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]

Organisation

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]

AZPROMO maintains 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

References

  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.