|
|
|
Country facts
| Capital city: |
Baku |
| Surface area: |
86,600 sq km |
| Population: |
8.4 million |
| Official language(s): |
Azeri-Turkic |
| Head of State: |
HE President Mr Ilham Heydar Oglu Aliyev |
| Head of Government: |
HE Prime Minister Mr Artur Rasizade
|
| Australian exports to Azerbaijan: |
A$8 million |
| Australian imports from Azerbaijan: |
A$31,000 |
| Azerbaijan's principal export destinations: |
Italy, France, Russia
|
| Azerbaijan's principal import sources: |
Russia, UK, Singapore
| (Source: Department of Foreign Affairs and Trade - Country brief) |
 |
|
|
Economic climate
Key economic indicators and statistics for 2007:
- GDP – US$30.2 billion
- GPD per capita – US$3,502
- Real GDP growth – 25 per cent
- Inflation – 16.7 per cent
(Source: EIU Country Data) |
|
|
|
Political climate
The President of Azerbaijan is elected for a five-year term. The President appoints the Prime Minister and the Council of Ministers (the Cabinet). The next political elections are in October 2008 (Presidential) and November 2010 (National Assembly).
|
|
|
|
Trade relations and statistics
Australia's trade and economic ties with Azerbaijan are limited by the country's small size and its distant geographic position. Australian exports to Azerbaijan in 2006-07 were worth almost A$8 million, down from A$8.6 million in the previous financial year. Butter made up the largest category of exports (A$7 million). Imports from Azerbaijan in 2006-07 were worth A$31,000.
Azerbaijan is a member of the following organisations:
- Commonwealth of Independent States
- International Monetary Fund
- World Bank
- European Bank for Reconstruction and Development
- Organisation for Security and Cooperation in Europe
- NATO’s Partnership for Peace
- Council of Europe
Azerbaijan is seeking World Trade Organization (WTO) membership. Azerbaijan's WTO membership Working Party was established on 16 July 1997, and the first meeting was held in June 2002. The latest meeting of the Working Party took place in March 2006. Bilateral negotiations between Baku and the WTO on market access are underway.
(Source: Department of Foreign Affairs and Trade - Country brief) |
|
|
|