Bağimsizlik Sonrasi Azerbaycan Türkiye Ekonomik Ilişkilerinin Sektörel Değerlendirilmesi (Sectoral Assessment of Azerbaijan - Turkey Economic Relations after Indepenedence)

International Symposium on Regional Cooperation and Development October 17-20, 2012 Erzurum, Turkey, səhifə/səhifə aralığı: 79-99, Okt 2012

15 Pages Posted: 9 Nov 2012 Last revised: 16 Jan 2013

See all articles by Elchin Suleymanov

Elchin Suleymanov

Baku Engineering University - Department of Finance

Osman Nuri Aras

Nile University of Nigeria

Date Written: October 17, 2012

Abstract

Azerbaijan is Turkey’s largest economical partner in the Caucasus region. The legal framework of Turkish-Azeri bilateral commercial and economic relations consists of a number of agreements, including Agreement on Enhancing Economic and Technical Cooperation (1992), Agreement on Mutual Promotion and Protection of Investments (1994) and Double Taxation Prevention Treatment (1994). Azerbaijan ranked 18th among Turkey's most preferred exports destinations in 2011. Turkish exports to Azerbaijan in 2011 was average $3 billions, The top exports categories for 2011 were: metallic products); electric machines miscellaneous manufactured articles machinery and equipment used in different industries and plastic products In terms of merchandise trade, Azerbaijan ranked 69th among Turkey's importers in 2011. Turkish imports from Azerbaijan totaled 2 billion $ in 2011. The top 5 imports categories for 2011 were: natural gas and petroleum gas ($1.1 billion); coal and petroleum products, non-ferrous metals; plastic materials and organic chemical products In merchandise trade, trade surplus with Turkey was $677 million in 2011 and trade balance was $5 billion. Azerbaijan offers attractive opportunities for Turkish contractors. Turkish firms have undertaken 285 projects worth $6 billions in Azerbaijan to date. As of the end of December 2011, the volume of Turkish investments in Azerbaijan was approximately $6 billion and Azerbaijan’s investments in Turkey approximately amounted to $5 billion. Additionally, the research gives information about the investment Turkish Capital in Azerbaijan Economy or Azerbaijan Capital Turkey by sector.

Note: Downloadable document is in Turkish.

Keywords: Azerbaijan Economy, Turkey Economy, Azerbaijan Turkey Economic Relations, Turkish Capital in Azerbaijan, Azerbaijan Capital in Turkey

JEL Classification: F02

Suggested Citation

Suleymanov, Elchin and Aras, Osman Nuri, Bağimsizlik Sonrasi Azerbaycan Türkiye Ekonomik Ilişkilerinin Sektörel Değerlendirilmesi (Sectoral Assessment of Azerbaijan - Turkey Economic Relations after Indepenedence) (October 17, 2012). International Symposium on Regional Cooperation and Development October 17-20, 2012 Erzurum, Turkey, səhifə/səhifə aralığı: 79-99, Okt 2012. Available at SSRN: https://ssrn.com/abstract=2172943 or http://dx.doi.org/10.2139/ssrn.2172943

Elchin Suleymanov (Contact Author)

Baku Engineering University - Department of Finance ( email )

Baku Sumgait Road 16th km. Hasan Aliyev Str. 120
Baku, AZ0101
Azerbaijan

HOME PAGE: http://beu.edu.az/en/staff_directory/staff/elsuleymanov

Osman Nuri Aras

Nile University of Nigeria ( email )

Abuja
Nigeria

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