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Azerbaijan

 

Geography

The oil-rich Republic of Azerbaijan is located on the western coast of the Caspian Sea between 30°-47°  east longitude and 30°-40° north latitude.  Azerbaijan borders Russia on the north, Iran on the south, Armenia on the west, and Georgia on the northwest.  It also shares an 11 Km long border with Turkey, in the geographically separated autonomous province of Nakhichevan.

People

The Azerbaijanis combine in themselves a Turkic strain dating from the Oguz Seljuq migrations of the 11th century with mixtures of older inhabitants, including Iranians and others who had lived in Trans-Caucasia since ancient times.  In Nakhichevan, virtually all the inhabitants are Azerbaijanis, whereas around three-fourths of the people in Nagorno-Karabakh are Armenians.  Russians make up the largest minority in Azerbaijan (about 6 percent). As a result of the Armenian aggression 20% of the territory  of Azerbaijan has been seized and more than one million Azerbaijani people forcibly displaced from their homeland and become refugees.

Government

Republic of Azerbaijan became independent on 30 August 1991.  The President is the Head of State and is elected by direct election for a five year term.  Last election was held in 1998. The  President  appoints the Prime Minister and the Council of Ministers. Mr. Heidar Aliev is the current President.  Azerbaijan has a unicameral legislature (National Assembly) called Milli Mejlis. Out of the 125 members of Milli Mejlis, 100 are elected from single-member constituencies and 25 by a party list.  The  legal system of country is based on civil  law system.  The highest judicial body is the Supreme Court.

Economy

Azerbaijan is the most industrially developed country than the other Trans-Caucasian states.  It resembles the Central Asian states in its majority Muslim population, high structural current unemployment, and comparatively low standard of living. However, the emphasis on heavy industry has considerably expanded two traditional industries--petroleum and natural gas--but engineering, light industry, and food production are also of growing importance. Azerbaijan shares all the formidable problems of the ex-Soviet republics in making the transition from a command to a market economy, but its considerable energy resources brighten its long-term prospects. It has recently embarked on significant progress on economic reform, but some old economic ties and structures have yet to be replaced.

Azerbaijan's agriculture developed considerably in the later part of the 20th century.  Almost half of the country's total area is suitable for agriculture, and some two-fifths of this is under cultivation.  Azerbaijani fisheries are of particular importance because of the sturgeon in the Caspian Sea.

Exports: Total value: 6372.2 million US $ (2006)

Major Items: oil and gas, oilfield equipment, machinery, mineral products, base metals, chemicals, textile, cotton, vegetables, foodstuffs, electrical equipment

 

Imports: Total value: 5267.6 million US $ (2006)

Major Items: machinery and equipment, food products, beverages, spirits and vinegar, tobacco, base metal, vegetables, musical instruments, electrical & medical equipment, mineral products, alive animals, plastic, rubbers, chemicals and textiles.

Resources

At the beginning of the 20th century, Azerbaijan was the world's  leading petroleum producer, and it was also the birthplace of  the oil-refining industry. In 1901, for example, Azerbaijan  produced 11.4 million tons of oil, more than the United States,  and accounted for more than half of world production.  As the  20th century progressed, however, Azerbaijan's role in oil  production decreased as the industry developed in other  regions of the U.S.S.R. and elsewhere in the world.

Azerbaijan has other natural resources, including natural gas, iodo-bromide waters, lead, zinc, iron, and copper ores,  nephtheline cyanides utilized in the production of aluminum, common salt, and a great variety of building materials, including marble and limestone.

 

 

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2nd ECO TRADE FAIR

KARACHI, PAKISTAN

JULY 23 - 26 2008 

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