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Azerbaijan map
Azerbaijan
  • Imports from Azerbaijan A$286 million
  • Exports to Azerbaijan A$11 million
  • Capital Baku
  • Official Language Azerbaijani
  • Area 87,000 sq km
  • Population 9.3 million

Last updated: 24 Sep 2013

Market profile

Doing Business

Azeris are very polite but also gregarious people who greet people with enthusiasm. Men use a handshake and kiss on the cheek, while women hug and kiss each other once on the left cheek, although many will shake hands with a foreigner. Males should wait and see if a woman extends her hand for a handshake.

More information on doing business in Azerbaijan

Country Profile

Content supplied by Department of Foreign Affairs and Trade

  • ECONOMIC CLIMATE
    One of the fastest growing economies in the world in 2005-07 due to its vast reserves of Caspian Sea oil, Azerbaijan's real GDP growth has slowed and is forecast at 4.1 per cent in 2013.
    » read more at DFAT
  • TRADE RELATIONS
    Two way merchandise trade between Australia and Azerbaijan exceeded $100 million in 2012. In 2012, Australian exports to Azerbaijan were worth A$16.8 million.
    » read more at DFAT
  • 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).
    » read more at DFAT

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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 AusNCP website.

Extractive Industries Transparency Initiative

The Extractive Industries Transparency Initiative (EITI) is a voluntary mechanism which promotes and supports improved governance in resource-rich countries through the full publication and verification of company payments and government revenues from oil, gas, and mining.

The EITI is supported by governments, industry, and non-government organisations around the world. The Australian Government supports the EITI and encourages Australian companies operating internationally to comply with its recommendations.

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