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AGRIHORT Azerbaijan 2013 - 7th Azerbaijan International Agriculture Exhibition


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May 22, 2013 - May 24, 2013

Baki | Azerbaijan

The territory of the Azerbaijan Republic constitutes 86.6 thousand square kilometers, 52.3% - lands good for agriculture.

In the past 19 years Azerbaijan has been developing as an independent country, and managed to guarantee its significant place in the region and international scene.

Azerbaijan has 39 bilateral treaties on the mutual protection of investments and 39 treaties on exemption of double taxation.

Azerbaijan, a top reformer in World Bank’s “Doing Business” previous report, ranks 38th now while it jumped to 33 on the list from 97 last year after having completed 7 out of 10 regulatory reforms by which Doing Business ranks countries. Now the country is one of the most rapidly recovering economies in the world.

Azerbaijan’s economy has grown by more than 1000% over the last 10 years. It is one of the most effective recoveries among transition economies.

Azerbaijan is one of the world’s oldest agricultural centres. The country’s climatic diversity allows a very broad range of crops to be cultivated. At the moment agriculture accounts for approximately 15% of domestic product. The sector is growing rapidly.

In 2011 in Azerbaijan is expected to increase agricultural output by six percent compared with last year. In 2010, the total volume of agricultural products amounted to actual prices 4.85 billion dollars.

Plant cultivation is one of the main production branches of agriculture.

Agriculture and related sectors are the principle employers in the country. Following almost full denationalization of the sector (at the moment circa 99% of the sector is in private ownership) a number of steps were taken by the government to support the farmers as well as producers of processed a/c products. Azerbaijani fruits, vegetables, wines and brandy have become brands of Azerbaijan in the region.

One of the major resources the country has is its natural diversity. Despite relatively small size, the Azerbaijani territory due to complex terrain and geography has a number of distinct climatic zones ranging from humid subtropical climate to semi-arctic. This creates unique opportunities in agriculture and tourism.

Azerbaijan fully satisfies domestic demand for the majority of agricultural products. Apart from that, the geographical location of the country allows profitable export of the agricultural products not only to the neighbouring markets of Russia, Iran, Turkey and Georgia, but also to the world markets. Azerbaijan is one of the main exporters of agricultural products and the agricultural processing products of to Russia.

Due to the order of the president of Azerbaijan concerning “State Support of Producers of Agricultural Products” about 50% of the fuel cost using by farmers, engine oil and mineral fertilizer will be paid by state fund. In this purpose there will be given 94 million US dollars.

As a result of Azerbaijan’s economic boom, the opportunities for banks are growing day by day, and they have begun to extend credit to the agricultural sector, directing funds towards the processing of agricultural products.

63, Ac. H. Aliyev str.
AZ1110
+ 994 (12) 4041031
+994 (12) 4041001
agro@iteca.az

Event Type: Trade Show
Asia
http://www.agrihort.az



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