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.

Organisation

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

Asia Asia ( , ) is the largest continent in the world by both land area and population. It covers an area of more than 44 million square kilometres, about 30% of Earth's total land area and 8% of Earth's total surface area. The continent, which ...

. AZPROMO maintains international offices in a number of European countries:

Italy Italy, officially the Italian Republic, is a country in Southern Europe, Southern and Western Europe, Western Europe. It consists of Italian Peninsula, a peninsula that extends into the Mediterranean Sea, with the Alps on its northern land b ...

Georgia Georgia most commonly refers to: * Georgia (country), a country in the South Caucasus * Georgia (U.S. state), a state in the southeastern United States Georgia may also refer to: People and fictional characters * Georgia (name), a list of pe ...

Austria Austria, formally the Republic of Austria, is a landlocked country in Central Europe, lying in the Eastern Alps. It is a federation of nine Federal states of Austria, states, of which the capital Vienna is the List of largest cities in Aust ...

, as well as in

China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...

. In the international arena, cooperation is carried out with 80 international investment promotion organizations and chambers of commerce from 37 countries. For instance, AZPROMO cooperate with trade representation of the

Russian Federation Russia, or the Russian Federation, is a country spanning Eastern Europe and North Asia. It is the list of countries and dependencies by area, largest country in the world, and extends across Time in Russia, eleven time zones, sharing Borders ...

in Azerbaijan,

International Finance Corporation The International Finance Corporation (IFC) is an international financial institution headquartered in Washington, D.C. and a member of the World Bank Group that offers investment, advisory, and asset-management services to encourage private ...

World Bank The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development ...

, the

European Bank for Reconstruction and Development The European Bank for Reconstruction and Development, shortened to EBRD ( French: ''Banque européenne pour la reconstruction et le développement'' or ''BERD''), is an international financial institution founded in 1991 in Paris. As a multilat ...

(EBRD), TajInvest, Chamber of Commerce of Qatar, Chamber of Commerce of Turkey, Chamber of Commerce South Africa, the Austrian-Azerbaijani Chamber of Commerce, MRC Global, Foreign Trade Chamber of Bosnia and Herzegovina, Chamber of Commerce of India PHD, Chamber of Commerce of Bulgaria, Jordanian Business Development Corporation, etc. In September 2016, AZPROMO became a member of the Silk Road International Chamber of Commerce (SRCIC). 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. In 2017–2018, 24 trade missions were organized on the initiative of AZPROMO. In 2019, the Agency organized 188 events (140 in Azerbaijan, the remaining 48 in foreign countries). In 2020, the representatives of AZPROMO participated in various international exhibitions: Worldfood 2020 in Moscow, third China international import exhibition in Shanghai, Green Week 2020 in Germany, Prodexpo 2020 in Russia, Gulfood 2020 in the UAE.{{Cite web, date=2020-11-02, title=Azerbaijani products to present at 3rd China International Import Expo, url=https://www.azernews.az/business/171786.html, access-date=2021-01-06, website=AzerNews.az, language=en So far, the Agency has carried out 33 export missions to foreign countries within the framework of the "Made in Azerbaijan" project. It is planned to increase exports in the non-oil sector to $3.6 billion US dollars by 2026.

References

External links

Official website
Economy of Azerbaijan 2003 establishments in Azerbaijan Government agencies established in 2003 Investment promotion agencies

Goals and tasks

Organisation

See also

References

External links