1 International Business Conference Azerbaijan (Shamakhi) 27 May, 2008 Perspective of Economic...

1

International Business Conference

Azerbaijan (Shamakhi)27 May, 2008

Perspective of Economic Cooperation of

Islamic Republic of Iran and Republic of Azerbaijan

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http://fa.wikipedia.org/wiki/%D8%AA%D8%B5%D9%88%DB%8C%D8%B1:Flag_of_Iran.svg

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Iran at a Glance

20072007EXIT

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ISLAMIC REPUBLIC OF IRAN

ECONOMY & TRADEECONOMY & TRADE 20072007

Key Indicators

Population (Millions) 70

GDP (PPP) ($US Billion) 480

Import (FOB) ($US Billion) 48

Area (Million km2) 1.65

Export ($US Billion) 91Total ($US Billion) 139 Crude Oil & Gas (70) 77 %

Source:

Central Bank of Iran, Iran Customs Dept., The World Bank, IMF

GDP Current $ ($US Billion) 294

Persian Gulf

Trade Balance ($US Billion) +43

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Non-Oil Export (21) 23%

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Iran with a GDP worth $ 480 billion (based on Iranian Rial purchase

power against us dollar) and

over a $139 billion in Foreign Trade volume in year 2007 is one of

the economic powers and large markets in the Middle-East region.

Iran has extra ordinary expansion and investment potentials in the

fields of Oil, Gas, Petrochemicals, Mines, Industries, Agriculture

and Service sectors.



Key Indicators

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Iran ranks 4th on Diversity of Agricultural Products in the world.

Iran is the 2nd Producer of Oil & Gas in the world.

Iran holds 4th to 9th rank in the production of Zinc, Lead, Cobalt, Aluminum, Manganese, Copper in the world.

233 Techno-Engineering projects have been executed in 33 countries by Iranian companies over the last 10 years.



Key Indicators

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Industrial commodities make up about 70% of Non-oil export.

Import structure consists of 20% capital, 60% intermediated, 20% consumer goods.

Iran holds the 7th standing in tourist attractions however, has little share in the trade of world tourism



Key Indicators

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Potential Export

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POTENTIAL EXPORTPOTENTIAL EXPORT

Potential Export Products & Services

Agriculture Sector:Agriculture Sector: - Agricultural & Horticultural Products - Poultry, Husbandry & Fisheries Products

Industry Sector:Industry Sector: - Food and Beverage - Textile & Leather - Construction Materials - Chemical Products - Fur Products - Plastic , Melamine Ware - Iron, Steel & Metal Ores - Refined Petrochemical Products - Pharmaceutical, Hygienic, Cosmetic Products - Transportation Equipment, Vehicles & Parts

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POTENTIAL EXPORTPOTENTIAL EXPORT

Potential Export Products & Services

Mines Sector:Mines Sector: - Metal Mines - Non-Metal Mines

Services Sector:Services Sector: - Tourism - Technical & Engineering - Financial & Banking - Information Technology - Health Care Services - Labor Force - Transportation & Transit

Handicrafts Sector:Handicrafts Sector: - Hand Knotted Carpets - Handicrafts (other)

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Potential ExportComparative Advantage of Agriculture

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According to FAO, the principal structure of the world agriculture products is composed of 6666 different products and Iran is among the top 10 countries producing 15 types of these products in the world

Iran ranks 4th on Diversity of Agricultural products in the world

Cultivated Lands (about 14 millions of hectares)

44 Season Products


AGRICULTUREAGRICULTURE

Comparative Advantage of Agriculture

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Continental Climate:

- Different types of climates

- Significant differences in temperature between:

Different Regions of the country

Different Seasons

Day & Night (sharp difference)

- 12000 Different Species of Plants

- Average number of Sunny Days (300 Days)


AGRICULTUREAGRICULTURE

Comparative Advantage of Agriculture

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AGRICULTUREAGRICULTUREProduction Rank in the WorldProduction Rank in the World

Husbandry 2007

Country Rank

China 1

Australia 2

India 3

Iran 4

Country Rank

China 1

India 2

Pakistan 3

Sudan 4

Bangladesh 5

Nigeria 6

Iran 7

SheepSheep

GoatGoat

Source: FAOEXIT

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Crops Primary 2007

Source: FAOItem Rank Share

SAFFRON 1 90.00

STONE-FRUIT(FRESH) 1 43.28

PISTACHIO 1 38.83

BERRIES 1 26.81

CHERRIES 2 12.25

APRICOTS 2 10.10

DATES 3 12.71

WALNUTS 3 9.82

FIGS 3 8.37

CUCUMBERS & GHERKINS 3 3.34

WATER-MELONS 3 2.22

LEMONS & LIMES 4 8.64

APPLES 4 4.03

CHICK- PEAS 4 3.56EXIT

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Crops Primary 2007

Source: FAOItem Rank Share

ALMONDS 5 4.85

TANGERINE MAND.CLEMENT 5 3.08

TREENUTS 6 5.00

GRAPES 7 4.26

ONIONS , DRY 7 2.52

HAZELNUTS 7 1.84

TOMATOES 8 3.42

ORANGES 8 3.18

PUMPKINS,SQUASH 8 2.54

PEACHES & NECTARINES 8 2.47

KIWI FRUITS 8 1.78

VEGETABLES & MELONS 9 15.2

SOUR CHERRIES 9 4.31

LENTILS 9 3.07EXIT

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Potential Export Comparative Advantage of Mine & Industry

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MINE & INDUSTRYMINE & INDUSTRYProduction Rank in the WorldProduction Rank in the World

Mineral Reserves

Item Rank

PERLIT 2 NATURAL GAS 2 OIL (CRUDE PETROLEUM) 2 ZINC 4 LEAD 4 COBALT 4 ILEMNIT 6 MANGANES ORE 8 BARITE 8 COPPER 9 CHROMIC 10 BAUXITE 11 POTAS 15

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MINE & INDUSTRYMINE & INDUSTRY

Potential Export

Mine & Industry Sector:Mine & Industry Sector:

- Food and Beverage - Textile & Leather - Construction Materials - Chemical Products - Fur Products - Plastic , Melamine Ware - Iron, Steel & Metal Ores - Refined Petrochemical Products - Pharmaceutical, Hygienic, Cosmetic Products - Transportation Equipment, Vehicles & Parts - Metal Mines - Non-Metal Mines

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MINE & INDUSTRYMINE & INDUSTRY1991-20071991-2007

Petrochemical Industry

Source: National Petrochemical Company EXIT

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21





22





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Potential ExportTechnical & Engineering Services

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TECHNICAL & ENGINEERINGTECHNICAL & ENGINEERINGSERVICESSERVICES

Consulting & Contracting Firms

Dams, Tunnels, Bridges, Irrigation, Drainage & Waste Water Treatment

Power Lines & Power Plants

Electronics Industry & Information Technology

Telecommunications Equipment

Industrial Factories and Installations

Machinery Design & Refinery Equipment

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Export Projects 1994-2007

PROJECTS (1994-2007) $US MILLION

Road, Buildings & Construction 4,165

Equipment 2,386

Oil, Gas & Petrochemicals 672

Irrigation & Drainage Networks 502

Power Generation & Transmission 1473

Information Technology 110

TOTAL 9,308

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SOUTHAMERICA

MIDDLE EAST CIS &CAUCASIAN

ASIA &AFRICA

Export Market



Export Markets 2007

2007-2008 SHARE

South America % 25

Middle East % 37

CIS & Caucasian % 13

Asia (Others) & Africa % 25

TOTAL % 100

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Export Markets 1994-2007

Zimbabwe

Sudan

Libya

Morocco

Niger

BangladeshIndia

Pakistan

Afghanistan

TajikistanTurkmenistan

Uzbekistan KyrgyzstanArmenia

TurkeySyria

Kazakhstan

Lebanon

Yemen

OmanQatar

UAE

Kuwait

Cyprus

Albania

1994-2007

Senegal

Iraq

Azerbaijan

Saudi Arabia

BeninDjibouti

Belarus

Venezuela

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Foreign TradeExport & Import

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0

10

20

30

40

50

60

70


FOREIGN TRADEFOREIGN TRADE 1980-20071980-2007

Trends of Export & Import

Value: $US Billion

Iran’s Export Iran’s Import

Source: Central Bank of I.R. IranEXIT

30

16%

10%9%

7%

2%1%

PGCC ECO EU CIS ASEAN AFRICAN

67%

49%

10% 8% 8% 1%

EU PGCC ECO CIS ASEAN AFRICAN


FOREIGN TRADEFOREIGN TRADE20072007

Trade by Regional & Economic Blocks

Iran’s Non-Oil Export

Iran’s Import

Source: I.R. Iran Customs Administration

Value: % ShareValue: % Share

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3111425

5271

4270

2775

2453

2003

1472

1325

1882

1956

UAE

GERMANY

CHINA

SWITZERLAND

SOUTH KOREA

UNITED KINGDOM

FRANCE

ITALY

INDIA

JAPAN



Main Trading Partners (Top 10)

Non-Oil Export

Value: $US MillionValue: $US Million

Imports

556

553

518

442

368

830

927

1232

1586

2154UAE

IRAQ

CHINA

JAPAN

INDIA

SOUTH KOREA

TURKEY

ITALY

AFGANISTAN

GERMANY

Source: I.R. Iran Customs Administration

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3.76 4.22 4.6 5.977.27

10.49

16

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FOREIGN TRADEFOREIGN TRADE1997-20071997-2007

Non-Oil Export Trends

Iran’s Non-Oil Export

Value: $US BillionValue: $US Billion

Source: I.R. Iran Customs Administration EXIT

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Non-Oil Export

($US Billion) Share

EXPORT OF GOODS * 21 %100

Industry Sector (Including Petrochemicals) 14 %69

Agriculture Sector 4 %13

Mine Sector 1 %5

Carpets & Handicrafts .5 %3

Others 1.5 %10

* Source: I.R. Iran Customs Administration EXIT

EXPORT OF SERVICES

Technical & Engineering 2,7

Projects Value ($US Billion)

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12.6814.35

17.6322.28

26.6

35.39

39.2541.39

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Import Trends

Value: $US BillionValue: $US Billion

Iran’s Import


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Import by Main Products

IMPORT OF GOODS $US Million

Share

Gasolene & Petrol 3412 %7.06

Ingots of Iron and Non-alloy Steel 2380 %4.92

Iron& Iron Steel 80 mm or more 753 % 1.56

Concrete reinforcing bars and rods 693 % 1.43

Petroleum Oils (Others) 582 % 1.2

Hot roll iron/steel, not coil >600mm x >10mm 554 % 1.15

Vehicle Spare Parts 553 % 1.14

Soya Bean Oil 548 % 1.13

Iron & Iron Steel <3mm 519 % 1.07

Corn Seed 515 % 1.07


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Import Structure

IMPORTS SHARE

Capital % 20

Intermediate % 60

Consumer % 20

38

Source: I.R. Iran’s Custom

20%

60%

20%

37

Free ZonesTrade & Industrial

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Unique Geographical Locations

Sufficiently Developed Infrastructure

Foreign Investment Incentives


TRADE & INDUSTRIALTRADE & INDUSTRIALZONESZONES

Advantages

6 Free Trade-Industrial Zones 6 Free Trade-Industrial Zones 19 Special Economic Zones19 Special Economic Zones

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http://www.iranecommerce.net/Articles/Images/Freezone3.jpg

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TRADE & INDUSTRIAL TRADE & INDUSTRIAL ZONESZONES

Zones Distribution

Free Trade-Industrial Zone Special Economic Zone

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http://www.iranecommerce.net/Articles/Images/Freezone3.jpg

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Unique Climatic Conditions in the Persian Gulf

Great Tourist Attractions (1,000,000 Incoming Passengers Annually)

Good Potential for Electronic City and as a Home Base for Information Technology

Strategic Location & Physical Distance from the United Arab Emirates


TRADE & INDUSTRIALTRADE & INDUSTRIALFREE ZONESFREE ZONES

Kish

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Rich Mineral Reserves

Deep Coasts

Position of the Island in the routes of shipping lines convenient for Ships Maintenance, Fuel Installations and Logistics

Great Tourist Attractions and Potentials for Bio-Technology Development



Qeshm

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Moderate Climatic Conditions

Best Point for Transit of South East Asia to CIS, Afghanistan, Turkey and Iraq

Good Access to Land Roads

Good Infrastructure



Chabahar

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Moderate Climatic Conditions

Best Point for Transit

Good Access to Land Roads

Good Infrastructure



Aras

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Investment Climate

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Contribution to Economic DevelopmentContribution to Economic Development

Financing ProjectsFinancing Projects

Upgrading Technological & Managerial SkillsUpgrading Technological & Managerial Skills

Enhancing Quality OutputEnhancing Quality Output

Increasing EmploymentIncreasing Employment

Export PromotionExport Promotion

Sharing Benefits & Risks on equal terms without discriminationSharing Benefits & Risks on equal terms without discrimination


FOREIGN INVESTMENTFOREIGN INVESTMENT

The Policy

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Political & Economic Stability (Desired G.D.P Growth) Strategic LocationStrategic Location

EEasy access to 15 Neighboring Markets with the Population of 300 million and Imports of $US 200 Billion Market Potentials and ProximityMarket Potentials and Proximity Labor PrivilegesLabor Privileges Developed InfrastructureDeveloped Infrastructure Low Utility and Production CostLow Utility and Production Cost Abundant Natural ResourcesAbundant Natural Resources New Investment LegislationNew Investment Legislation Climatic CharacteristicsClimatic Characteristics Fiscal IncentivesFiscal Incentives Political StabilityPolitical Stability



Main Advantages

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Distribution of Foreign Investment by Main Provinces (1993-2007)

Source: Organization for investment, Economic and Technical Assistance of Iran (OIETAI)

PROVINCE VALUE (US $ Millions)

Hormozgan 14,674Bushehr 7,595Tehran 2,185Sistan & Baluchistan 1,016Isfahan 991Fars 706Yazd 695Gilan 450Khuzestan 408Ghazvin 351Markazi 261Kerman 238Kordestan 225Khorasan Razavi 143Total (Include Others) 32,142

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FOREIGN INVESTMENTFOREIGN INVESTMENT1993 - 20071993 - 2007

Main Foreign Investors in Iran

Germany UAE Canada Singapore Italy Australia France

2,839 1,723 1,007 838 748 682 471

Value : USValue : US $ Millions$ Millions

Source: Organization for investment, Economic and Technical Assistance of Iran (OIETAI)

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Europe: 30 %Africa: 25 %

Asia: 34 %Asia: 34 %

Others: 8 %Others: 8 %

America: 3 %

4949EXIT

Exploring Markets GloballyExploring Markets Globally Market promotion activities of ITPO enable Iranian Market promotion activities of ITPO enable Iranian companies to identify new marketing opportunities for their companies to identify new marketing opportunities for their goods & services and educate exporters about target goods & services and educate exporters about target markets charac`teristics. markets charac`teristics.

Market InformationMarket Information ITPO disseminates information on foreign markets and ITPO disseminates information on foreign markets and business opportunities to Iranian SMEs. Reports covering business opportunities to Iranian SMEs. Reports covering changes in trade trends, competitors' activities, new changes in trade trends, competitors' activities, new business opportunities, trade policies and regulations are business opportunities, trade policies and regulations are also made available to Iranian companies.also made available to Iranian companies.

Main ITPO Services TPO Services

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International Trade CooperationInternational Trade Cooperation

ITPO places special emphasis on developing and ITPO places special emphasis on developing and maintaining cooperative relationships with TPOs (Trade maintaining cooperative relationships with TPOs (Trade Promotion Organizations) as well as major international Promotion Organizations) as well as major international trade organizations to facilitate trade on a reciprocal basis.trade organizations to facilitate trade on a reciprocal basis.

Trade Missions Trade Missions ITPO organizes trade missions to major existing and ITPO organizes trade missions to major existing and emerging markets. By participating in these missions, emerging markets. By participating in these missions, Iranian companies can develop business contacts and Iranian companies can develop business contacts and network with foreign officials, business leaders and network with foreign officials, business leaders and international buyers.international buyers.


5151EXIT

Collecting Collecting Business Information to Serve Business Information to Serve BusinessmenBusinessmen

ITPO undertakes comprehensive world market research ITPO undertakes comprehensive world market research activities and monitors the economic environment as it impacts activities and monitors the economic environment as it impacts on trade trends. ITPO also studies world trade issues, business on trade trends. ITPO also studies world trade issues, business trends, and new management strategies.trends, and new management strategies.

Trade Fairs & ExhibitionsTrade Fairs & Exhibitions

ITPO issues permission for organizing domestic & International ITPO issues permission for organizing domestic & International exhibitions in Iran and also participation of Iranian companies in exhibitions in Iran and also participation of Iranian companies in international trade fairs and exhibitions abroad .ITPO also international trade fairs and exhibitions abroad .ITPO also supports participation of Iranian SMEsupports participation of Iranian SME’s ’s in international events for in international events for displaying their growing diversity and sophistication of products displaying their growing diversity and sophistication of products and services. and services.


5252EXIT

Trade Enquiries Trade Enquiries

ITPO responds to trade-related enquiries from foreign ITPO responds to trade-related enquiries from foreign buyers, trade associations, chambers of commerce, buyers, trade associations, chambers of commerce, foreign missions in Iran, business visitors to Iran as foreign missions in Iran, business visitors to Iran as well as Iran Business Community. The trade enquiries well as Iran Business Community. The trade enquiries from foreign buyers are disseminated to Iranian from foreign buyers are disseminated to Iranian companies and the related Associations. ITPO companies and the related Associations. ITPO through its website disseminates trade enquiries from through its website disseminates trade enquiries from foreign companies wishing to source for Iran products foreign companies wishing to source for Iran products and services.and services.


5353EXIT

Business Training & SeminarsBusiness Training & Seminars

ITPO organizes seminars and workshops to nurture new ITPO organizes seminars and workshops to nurture new exporters and update existing exporters on trade developments exporters and update existing exporters on trade developments and business opportunities in international markets. The topics and business opportunities in international markets. The topics covered include: export opportunities in new and emerging covered include: export opportunities in new and emerging markets, trade regimes and procedures, product promotion, markets, trade regimes and procedures, product promotion, skills in international marketing and e-commerce. ITPO hosts skills in international marketing and e-commerce. ITPO hosts seminars and workshops to better promote communications and seminars and workshops to better promote communications and the sharing of information among related organizations, and the sharing of information among related organizations, and distributes a variety of publications dealing with information on distributes a variety of publications dealing with information on

both Iran and foreign markets and products.both Iran and foreign markets and products.


5454EXIT

Publications on TradePublications on Trade

ITPO produces trade publications for international and domestic ITPO produces trade publications for international and domestic circulation. These include Iran Export Directory, Iran Trade circulation. These include Iran Export Directory, Iran Trade Yellow Page, Made in Iran Directory and Sectoral Directories in Yellow Page, Made in Iran Directory and Sectoral Directories in the fields of Agriculture, Industry & Mine, Technical & the fields of Agriculture, Industry & Mine, Technical & Engineering Services, Carpet & Handicrafts and also a calendar Engineering Services, Carpet & Handicrafts and also a calendar of major Trade Events in the country. Most publications are of major Trade Events in the country. Most publications are produced in English, and other selected languages. produced in English, and other selected languages.


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Islamic Republic of Iran &

Republic of AzerbaijanEXIT


56EXIT

List of major products imported by AzerbaijanList of major products imported by Azerbaijan

Code Product label

Imported Value in

2003,US Dollar thousand

Imported Value in


Imported Value in 2005,US

Dollar thousand

'TOTAL All products 2,626,418 3,515,852 4,211,207

'84Nuclear reactors, boilers, machinery, etc 491.238 776.438 1,079,165

'87 Vehicles other than railway, tramway 112.974 169.465 285.093

'85 Electrical, electronic equipment 193.775 308.074 323.699

'73 Articles of iron or steel 386.438 466.937 308.061

'10 Cereals 115.633 193.125 127.921

'24Tobacco and manufactured tobacco substitutes 18.31 23.791 81.928

'90Optical, photo, technical, medical, etc apparatus 51.998 70.868 77.535

'27Mineral fuels, oils, distillation products, etc 296.107 401.707 499.673

57EXIT

'88Aircraft, spacecraft, and parts thereof 4.64 13.378 96.356

'17 Sugars and sugar confectionery 29.787 30.503 33.901

'39 Plastics and articles thereof 52.006 59.907 67.973

'72 Iron and steel 70.504 87.832 123.303

'25Salt, sulphur, earth, stone, plaster, lime and cement 31.408 50.501 71.763

'30 Pharmaceutical products 31.408 27.6 31.947

'44Wood and articles of wood, wood charcoal 31.175 38.507 51.176

'38 Miscellaneous chemical products 15.816 23.987 33.873

'26 Ores, slag and ash 28.6 54.934 69.61

'94Furniture, lighting, signs, prefabricated buildings 52.255 145.089 157.692

'99Commodities not elsewhere specified 1.601 3.241 6.772

'89Ships, boats and other floating structures 195.385 31.815 25.113

Code Product label

Imported Value in


Imported Value in


Imported Value in 2005,US

Dollar thousand

58EXIT

Major exporting countries to AzerbaijanMajor exporting countries to Azerbaijan((US Dollar thousand)

ExportersImported value in

2003

Imported value in

2004

Imported value in

2005

Imported value in

2006

Imported value in

2007

'World 2,626,418 3,515,852 4,211,207 5,267,640 5,712,178

'Russian Federation 383.87 569.379 717.211 1,181,584 1,003,886

'Turkey 195.072 224.916 313.002 385.04 624.692

'Germany 169.858 198.433 256.325 403.838 471.198

'Ukraine 118.82 170.341 226.251 317.512 465.558

'United Kingdom 286.428 421.726 384.961 453.765 411.329

'Japan 101.474 127.108 70.611 188.294 295.091

'China 92.371 145.466 173.812 222.493 278.794

'United States of America 132.582 131.851 141.28 197.986 268.906

'Kazakhstan 138.706 236.734 95.345 127.252 222.294

5959

Major importing countries from Azerbaijan ((US Dollar thousand)

ImportersExported value in

2003

Exported value in

2004

Exported value in

2005

Exported value in

2006

Exported value in

2007

'World 2,591,718 3,615,448 4,347,151 6,372,157 6,058,319

'Turkey 107,028 182,616 275,959 388,145 1,056,323

'Italy 1,345,947 1,614,854 1,315,742 2,845,408 940,929

'Russian Federation 147,812 209,749 285,416 344,259 527,122

'Iran (Islamic Republic of) 49,126 153,538 166,468 295,902 434,731

'Indonesia 23 129,355 0 13 390,293

'Israel 138,113 323,738 195,063 684,829 369,846

'Georgia 111,457 188,839 208,436 285,275 343,82

'United States of America 63,858 25,981 43,158 98,191 289,17

'France 209,725 66,884 406,717 347,58 258,843

'India 1,309 5,385 1,625 1,008 144,948

'Kazakhstan 10,128 9,408 17,166 105,656 127,594

6060

The most important available Agreements between two countries

Item Agreements

1 Trade Agreement

2 Agreement on Reciprocal Promotion and Protection of Investments

3 Agreement on Banking relations

4Agreement on Mutual administrative Assistance for the proper application of customs law

5 Air Transport Agreement

6 Road Transport Agreement

7 Vegetable / Plant Quarantine Agreement


6161

Trend of non- oil trade of Iran With Azerbaijan 2002- 2006

year Export Import Balance

2003 291 49/1 141/9

2004 260/5 153/5 101/5

2005 309/7 166/4 132

2006 321/5 295/9 12

2007 340 434/7 - 94/7

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Value in million$Value in million$


62

HS Code Major Iran (Islamic Republic of)'s exports to AzerbaijanThousand US dollar

Value in 2003

Value in 2004

Value in 2005

Value in 2006

'TOTAL All products 291,011 260,584 309,706 321,531

'04Dairy products, eggs, honey, edible animal product nes 1,372 453 1,115 840

'05 Products of animal origin, nes 7,469 3,254 13,676 20,653

'07 Edible vegetables and certain roots and tubers 9,515 5,923 10,016 19,29

'08 Edible fruit, nuts, peel of citrus fruit, melons 6,421 9,985 14,123 14,328

'34 Soaps, lubricants, waxes, candles, 5,685 3,704 4,94 5,119

'38 Miscellaneous chemical products 1,537 2,423 1,992 2,565

'39 Plastics and articles thereof 14,555 12,072 32,232 45,692

'41 Raw hides and skins (other than furskins) and leather 10,099 7,072 7,137 7,919

'42 Articles of leather, animal gut, harness, travel goods 7,833 4,712 3,412 2,419

'48 Paper & paperboard, articles of pulp 4,489 4,106 5,147 5,967

'57 Carpets and other textile floor coverings 8,217 6 9,114 8,468

'58 Special woven or tufted fabric, lace, tapestry etc 8,142 7,888 3,921 5,305

'61 Articles of apparel, accessories, knit or crochet 33,26 35,459 28,239 21,993

'63 Other made textile articles, sets, worn clothing 4,066 3,391 8,433 8,499

'64 Footwear, gaiters and the like, parts thereof 18,176 14,931 18,279 14,266

'68 Stone, plaster, cement, asbestos, mica, etc 7,698 6,81 9,787 14,302

'69 Ceramic products 10,239 12,078 14,207 15,199

'70 Glass and glassware 8,192 16,325 16,258 17,069

'73 Articles of iron or steel 4,632 3,104 3,804 7,132

'87 Vehicles other than railway, tramway 1,227 2,05 9,021 10,772

63EXIT

Concluding an MOU on expansion of cooperation between TPOs of the two countries that includes the following issues:1. Exchange of trade missions;2. Exchange of trade information;3. Holding business forums;4. Enhancement of exhibition cooperation;

Proposals to promote the economic relationsbetween two countries


64EXIT

Active Participation of private sector in trade combination of both countries; Active Participation in international, solo and specialized exhibitions to be held in either of the countries; Establishment of Iran and Azerbaijan common trade Committee; Establishment of joint ventures to implement common projects;


65EXIT

<<<<<<<<< Enhancement of transit infrastructures; <<<<<<<

Connection of railway networks of Iran, Azerbaijan and Turkey;

Promotion of cooperation on joint investment;

Establishment of trade center of Iran in Baku.



66EXIT

I hope we will witness a continuous improvement in the economic cooperation ,promotion of trade ties and exchanges of business opportunities. I do hope that the presence of the esteemed and honorable experts in this conference will pave the way for identifying the mutual opportunities and, with the assistance of the practical strategies proposed by you, the impediments on the path of the expansion of bilateral and multilateral economic and trade cooperation will be removed.

Closing Remarks

67EXIT

Thank you again for your presence and attention..

1 International Business Conference Azerbaijan (Shamakhi) 27 May, 2008 Perspective of Economic...

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