Project Factsheet

United Nations Development Programme

Project Factsheet

Thematic area

Economic Governance

Project Title

Support to export promotion activities of the Azerbaijan Export & Investment Promotion Foundation (AZPROMO)

Counterpart

Azerbaijan Export & Investment Promotion Foundation (AZPROMO)

Duration

18 months (2006-07)

Budget

$ 313,000

Brief Description

The Government of Azerbaijan established a Foundation to attract Foreign Direct Investment (FDI) into the non-oil sector with a Board of Trustees comprised of representatives from the Government, the private sector and the international community. At the last Board meeting in August, 2005, it was agreed to expand the Foundation's mandate to also include export promotion and to change the name of the Foundation to the Azerbaijan Export & Investment Promotion Foundation. In the future, the Foundation will promote both trade and investment by servicing exporters and investors, stimulating exports and attracting investment, lobbying for supportive policies and building the image of the country. The project aims to support the Foundation's new export promotion activities and build the capacity of AZPROMO to discharge its export promotion function.

Location(s)

Baku, Azerbaijan

Objectives

To create employment and reduce poverty by promoting exports in tandem with foreign investment in order to support the development of the non-oil private sector and the diversification of the economy
To develop a stronger coalition between the public and private sector in export promotion area
To contribute to the achievement of MDG 8 (Global Partnership for Development) in Azerbaijan by supporting the country's further integration into the global economy
To create an enabling business environment to develop Azerbaijan as a regional hub and attract multinational to locate their regional headquarters in Baku

Activities

Contribute to the formulation of the Government's export promotion strategy for developing of the non-oil sector
Learn from the experience of oil producing countries in developing its non-oil sector through training and study tours
Provide policy advice to the Government on promoting exports by conducting a survey to reveal the obstacles including reducing red tape for business and creating incentives for business and produce a publication
Establish an Export Information Centre - a sustainable agency to provide consultancy services to existing and potential exporters
Promote Azerbaijan as a trading partner through national branding
Build the capacity of the staff of the Foundation to support export promotion

Contact Information:
Senior Development Adviser: Ms. Gyulshan Rzayeva
Tel: (+99412) 4989-888
Fax: (+99412) 4922-491
E-mail: gyulshan.rzayeva@undp.org
Website: www.un-az.org/undp/
Address: UNDP Azerbaijan, 3, UN 50th Anniversary str., Baku, AZ1001

Thematic area	Economic Governance
Project Title	Support to export promotion activities of the Azerbaijan Export & Investment Promotion Foundation (AZPROMO)
Counterpart	Azerbaijan Export & Investment Promotion Foundation (AZPROMO)
Duration	18 months (2006-07)
Budget	$ 313,000
Brief Description	The Government of Azerbaijan established a Foundation to attract Foreign Direct Investment (FDI) into the non-oil sector with a Board of Trustees comprised of representatives from the Government, the private sector and the international community. At the last Board meeting in August, 2005, it was agreed to expand the Foundation's mandate to also include export promotion and to change the name of the Foundation to the Azerbaijan Export & Investment Promotion Foundation. In the future, the Foundation will promote both trade and investment by servicing exporters and investors, stimulating exports and attracting investment, lobbying for supportive policies and building the image of the country. The project aims to support the Foundation's new export promotion activities and build the capacity of AZPROMO to discharge its export promotion function.
Location(s)	Baku, Azerbaijan
Objectives	To create employment and reduce poverty by promoting exports in tandem with foreign investment in order to support the development of the non-oil private sector and the diversification of the economy To develop a stronger coalition between the public and private sector in export promotion area To contribute to the achievement of MDG 8 (Global Partnership for Development) in Azerbaijan by supporting the country's further integration into the global economy To create an enabling business environment to develop Azerbaijan as a regional hub and attract multinational to locate their regional headquarters in Baku
Activities	Contribute to the formulation of the Government's export promotion strategy for developing of the non-oil sector Learn from the experience of oil producing countries in developing its non-oil sector through training and study tours Provide policy advice to the Government on promoting exports by conducting a survey to reveal the obstacles including reducing red tape for business and creating incentives for business and produce a publication Establish an Export Information Centre - a sustainable agency to provide consultancy services to existing and potential exporters Promote Azerbaijan as a trading partner through national branding Build the capacity of the staff of the Foundation to support export promotion
Contact Information: Senior Development Adviser: Ms. Gyulshan Rzayeva Tel: (+99412) 4989-888 Fax: (+99412) 4922-491 E-mail: gyulshan.rzayeva@undp.org Website: www.un-az.org/undp/ Address: UNDP Azerbaijan, 3, UN 50th Anniversary str., Baku, AZ1001