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Azerbaijan

Country overview

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(Last updated: 09 Jun 2009)

Current business situation

The Department of Foreign Affairs and Trade (DFAT) provides advice for business travellers and tourists going to Azerbaijan. This is regularly updated, and should be checked before planning travel.

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Country facts

Capital city: Baku
Surface area: 86,600 sq km
Population: 8.1 million
Official language(s): Azeri-Turkic
Head of State: President HE Mr Ilham Heydar Oglu Aliyev
Head of Government: Prime Minister HE Mr Artur Rasizade
Australian exports to Azerbaijan: A$5 million
Australian imports from Azerbaijan: A$94,000
(Source: Department of Foreign Affairs and Trade - Country brief)

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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 current President Ilham Aliyev was re-elected on 15 October 2008.

(Source: Department of Foreign Affairs and Trade - Country brief)

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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 2008 were worth almost A$5 million, down from A$8.5 million in the previous calendar year. Butter made up the largest category of exports (A$3.1 million). Imports from Azerbaijan in 2008 were worth A$94,000, predominately civil engineering and parts and fruit juices.


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 December 2008. Bilateral negotiations between Baku and the WTO on market access are underway.


(Source: Department of Foreign Affairs and Trade - Country brief)

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OECD Guidelines for Multinational Enterprises

Multinational Enterprises should be aware of the OECD Guidelines for Multinational Enterprises that provide voluntary principles and standards for responsible business behaviour in a variety of areas, consistent with applicable domestic laws. These Guidelines are endorsed and promoted by the Australian Government. For more information, go to the ANCP website.

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Austrade makes no warranty, express or implied as to the fitness for a particular purpose, or assumes any legal liability for the accuracy or usefulness of any information contained in this document. Any consequential loss or damage suffered as a result of reliance on this information is the sole responsibility of the user.