EMBASSY OF INDIA, BAKU. NO. BKU/COM/201/1/2012 May 15, 2012 ANNUAL ECONOMIC & COMMERCIAL REPORT FOR THE YEAR-2011

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "EMBASSY OF INDIA, BAKU. NO. BKU/COM/201/1/2012 May 15, 2012 ANNUAL ECONOMIC & COMMERCIAL REPORT FOR THE YEAR-2011"

Transcription

1 EMBASSY OF INDIA, BAKU NO. BKU/COM/201/1/2012 May 15, 2012 ANNUAL ECONOMIC & COMMERCIAL REPORT FOR THE YEAR-2011 (I). OVERVIEW OF AZERBAIJAN S ECONOMY: In 2011, according to the President of Azerbaijan its economy grew by only 0.1%. The non-oil sector saw a 9.4% increase which in effect means that the oil and gas sector contracted by a similar margin. Inflation was 8%, and people s income grew by 19.6% in Investments reached US$20 billion, with domestic investments accounting for US$13 billion. The unemployment level fell to 5.4 % in 2011, while the poverty level declined to 7.6 %. Currency reserves of Azerbaijan s Central Bank increased by nearly $5 billion (64%) in 2011 to reach over $10 billion. The Asian Development Bank (ADB) has invested US$ million in Azerbaijan s economy so far, ADB representative said at a conference in Baku on February 21. The priority areas of the ADB investment in Azerbaijan are in the sphere of transport, urban infrastructure, energy sector, the banking sector (trade financing) and the industry Azerbaijan s draft state budget for 2012 was approved by Parliament on December 6, The budget revenues are expected to be AZN billion (US$ billion). Thus, the budget deficit will reach about US$ 813 million. The Azerbaijani economy has tripled in the past seven years, President Ilham Aliyev told the World Economic Forum in Davos. He said that the main goals are to double the gross domestic product which has already increased three-fold and to double the economy mainly by boosting the non-energy sector. Thus, in 2011 the non-oil industry increased 11 %. (II) HIGHLIGHTS OF INDIA- AZERBAIJAN TRADE & ECONOMIC RELATIONS: In 2009, total trade with Azerbaijan was around to US$ 322 million. It increased marginally to around to US$ 331 million in 2010, and then grew substantially to US$ 411 million in 2011, an increase of 22.7%. The main items of import from India in 2011 were meat, tea, rice, pharmaceutical products, intellectual cards, polyethylene

2 and other chemicals. Some new products like small cars and mobile telephone handsets which entered the country for the first time in 2010 have increased their penetration in Other important items imported from India are cloths and textiles, jewellery and boilers and other plant equipment. Azerbaijan s principal export to India is crude oil. There is large quantity of imports from India, particularly garments, diamonds and jewellery, which are not reflected in the import/ export data either in India or in Azerbaijan probably due to re-invoicing from UAE and Turkey. Trade comparative figures of imports and exports year wise between India and Azerbaijan are as given as below: BILATERAL TRADE BETWEEN INDIA AND AZERBAIJAN [DURING THE PERIOD ] YEAR IMPORT FORM INDIA EXPORT TO INDIA TOTAL [Source: Azerbaijan State Statistics Committee]. (III). SIGNIFICANT TRADE & ECONOMIC EXCHANGES BETWEEN INDIA AND AZERBAIJAN IN A multi-sector business delegation from Federation of Indian Chambers of Commerce and Industry (FICCI) visited Baku from 30 March to 01 April, The delegation representing leading companies from India in diverse fields such as pharmaceuticals, healthcare and herbal products, agricultural and processed food products, textiles, garments and yarn products, gems and jewellery, chemicals, agri

3 machinery, minerals and metals, petroleum products, engineering and consultancy, technology service providers, construction materials and infrastructure. A cooperation agreement was signed by Mammad Musayev, the President of Azerbaijan s National Confederation of Entrepreneurs (Employers ) Organizations and Ms Sheila Sudhakaran, Assistant Secretary General of FICCI during the Interactive Business Session on 30th March, 2011 organized by the Indian Embassy, at which more than 30 local business persons also participated. The delegation also participated in a seminar and held B to B meetings organized by AzPromo (Azerbaijani Export & Investment Promotion Foundation) at the Baku Business Center on 31st March, GOI Tourism Office, Frankfurt, participated in the Azerbaijan International Truism Fair (AITF 2011), held in Baku on April, 2011.At the Incredible India pavilion two tour operators from India also participated in the event. The 17 th World Food Exhibition, which was held at the Baku Expo Center from May, Two officials from Spices Board of India and Premier s Tea Limited, Kolkata participated and exhibited their products in their respective stalls at the exhibition. The 18th International Caspian Oil & Gas Exhibition and Conference Incorporating Refining & Petrochemicals, which was held at Baku Expo Center from 7-10 June, An official of Larsen & Toubro Limited attended this exhibition and held several meetings with local and international companies on business development issues, particularly in the oil, gas and petrochemical industries sectors. A Forum on Investment and Doing Business with India was held on 27 th July, 2011, by the Indian Embassyin association with the National Confederation of Entrepreneurs (Employers ) Organizations, Prominent business persons and entities, including print and electronic media participated in the event. The Forum was presided over by the President of the Confederation. Two power-point presentations were made by the Indian Ambassador and Commercial Officer respectively, followed by a Q&A session. The President of the Confederation suggested setting up a business council with India taking the fact into account that Azerbaijan has such councils with a number of countries. The Confederation President also suggested publishing a catalogue of Indian businessmen who want to

4 do business in Azerbaijan and Azerbaijani entrepreneurs looking to do business in India. The third round of the India-Azerbaijan Foreign Office Consultations (FOC) was held in Baku from September The Indian delegation was led by Secretary (East), MEA and the Azerbaijani delegation was led by Deputy Foreign Minister. Secretary (East) also held meetings with the Minister for Economic Development and with the Deputy Minister for Industry and Energy. During the FOC, the two sides discussed in detail bilateral relations, with particular focus on strengthening cooperation in the political, trade, economic and cultural fields and people to people exchanges. On the sidelines of FOC, an OVL representative held a meeting with SOCAR( the State Oil Company of Azerbaijan). (III). REGIONAL / MULTILATERAL ECONOMIC RELATIONS: Transport officials of Azerbaijan, Russia and Iran signed three cooperation agreements after talks in Tehran on February 8, including a trilateral deal on a key transport project that will link Asia and Europe through Iran. The agreement envisions speeding the implementation of the International North-South Transport Corridor (INSTC)project. Another deal, inked by Iran and Russia, covers the construction of railroads and logistics cooperation as well as supplying the Tehran- Bandar-Abbas railway with electric power. Under the other agreement, Azerbaijan and Iran pledged to cooperate in implementing railway projects. Earlier, Azerbaijan Railways had attended a trilateral meeting with Russia and Iran on 31 st January in Tehran, which focused on the issues of establishing a joint venture for the construction of the Rasht-Astara (Iran) -Astara (Azerbijan) railway. EU sanctions against Iran would not harm the realization of railway projects, President of the Russian Railways Vladimir Yakunin said. The Russian official noted that construction of the Rasht (Iran)-Astara (Azerbaijan) railway line, built with assistance of the Azerbaijani Railways and the Iranian Railways, will continue despite sanctions. On December 26, Azerbaijan and Turkey signed an agreement for establishment of a joint consortium of the State Oil Company of Azerbaijan (SOCAR), the Turkish pipeline company BOTAS and Turkish petroleum company TPAO to build a pipeline

5 to transport Azeri gas to Europe through Turkey.. The construction of pipeline is scheduled to begin in 2012 and will be completed in This issue with the approval of Ambassador. T.R.Meena, First Secretary & HOC, Embassy of India, Baku S(Azerbaijan) Tel; / ,Fax: Website:

DOING BUSINESS IN AZERBAIJAN

DOING BUSINESS IN AZERBAIJAN DOING BUSINESS IN AZERBAIJAN CONTENTS 1 Introduction 3 2 Business environment 4 3 Foreign Investment 6 4 Setting up a Business 7 5 Labour 8 6 Taxation 9 7 Accounting & reporting 11 8 UHY Representation

More information

May 25, 2007. Turkey-United States Economic Partnership Commission Action Plan

May 25, 2007. Turkey-United States Economic Partnership Commission Action Plan May 25, 2007 Turkey-United States Economic Partnership Commission Action Plan The Turkey-United States Economic Partnership Commission (EPC) met for the third time in Istanbul and Ankara on February 8

More information

Canada Russia. Alexandre Gauthier* Publication No. 2011-138-E 15 November 2011

Canada Russia. Alexandre Gauthier* Publication No. 2011-138-E 15 November 2011 Canada Russia Publication No. 211-138-E 15 November 211 Alexandre Gauthier* International Affairs, Trade and Finance Division Parliamentary Information and Research Service Canada Russia (Trade and Investment

More information

ALKHAS KHAMETOV. Contact Details: mobile : +44 7434951034 home: +44 1932 910602 e-mail: alkhas@khametov.com web: www.khametov.com

ALKHAS KHAMETOV. Contact Details: mobile : +44 7434951034 home: +44 1932 910602 e-mail: alkhas@khametov.com web: www.khametov.com ALKHAS KHAMETOV Contact Details: mobile : +44 7434951034 home: +44 1932 910602 e-mail: alkhas@khametov.com web: www.khametov.com Summary of Experience Multi- cultural and multi- lingual commercial industrialist

More information

ANALYSIS OF NZ MERCHANDISE TRADE DATA YEAR ENDED JUNE 2013

ANALYSIS OF NZ MERCHANDISE TRADE DATA YEAR ENDED JUNE 2013 Page 1 of 14 ANALYSIS OF NZ MERCHANDISE TRADE DATA YEAR ENDED JUNE 2013 SUMMARY Provisional merchandise trade data for the June 2013 month was released in July. The June 2013 data provides us with our

More information

The United Kingdom. Background Note

The United Kingdom. Background Note The United Kingdom Background Note UK ECONOMY The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Over the past two decades, the government

More information

Trinidad and Tobago. Table 1: GDP Value Added by Industry (Million Dollars, Constant Prices) & % Share in Total Value Added

Trinidad and Tobago. Table 1: GDP Value Added by Industry (Million Dollars, Constant Prices) & % Share in Total Value Added TRINIDAD AND TOBAGO 600 Fig. 1: Employment by Major Economic Activity ('000s), 2000-2008 Agriculture, Hunting, Forestry and Fishing Community, Social & Personal 500 400 300 200 100 100,000 90,000 80,000

More information

PRESS RELEASE FOR IMMEDIATE PUBLISHING

PRESS RELEASE FOR IMMEDIATE PUBLISHING PRESS RELEASE FOR IMMEDIATE PUBLISHING Abu Dhabi is hosting Malaysia Services Exhibition 2011(MSE 2011) UAE is Malaysia s largest trading partner in West Asia HH Sheikha Lubna opens MSE 2011) Over 100

More information

Date : 26.12.2008 Source : Upstream Online

Date : 26.12.2008 Source : Upstream Online Turkey eyes Iraqi gas transport deal Date : 26.12.2008 Source : Upstream Online http://www.upstreamonline.com/incoming/article168758.ece 26.12.2008 Turkey s Energy Minister Hilmi Güler will shortly visit

More information

Business and Agricultural Loans

Business and Agricultural Loans Business and Agricultural Loans Business Loan Proposals Fund based business requirements. Non fund based business requirement. Classification of Loans based on Loan Pricing Sub-PLR (Prime Lending Rate)

More information

India Central Europe Business Forum Investment Opportunities in India: Emerging Perspective

India Central Europe Business Forum Investment Opportunities in India: Emerging Perspective India Central Europe Business Forum Investment Opportunities in India: Emerging Perspective INVEST INDIA The official Investment Facilitation Agency for India A not-for-profit joint venture DIPP, Ministry

More information

TURKISH CONTRACTING IN THE INTERNATIONAL MARKET

TURKISH CONTRACTING IN THE INTERNATIONAL MARKET Brief overview TURKISH CONTRACTING IN THE INTERNATIONAL MARKET Construction plays a crucial role in Turkey s economic development, accounting for 5.9% of GDP and employing some 1.8 million people. When

More information

Tel. : 206 370 9722 E-mail: emin.aliyev@yahoo.fr To: REECAS Conference

Tel. : 206 370 9722 E-mail: emin.aliyev@yahoo.fr To: REECAS Conference From: Emin ALIYEV Tel. : 206 370 9722 E-mail: emin.aliyev@yahoo.fr To: REECAS Conference Subject: Ongoing Research Proposal Thesis Dissertation: The pertinence of Knowledge Based Azerbaijan hypothesis:

More information

PARTNER SEARCH FORM FOR ERASMUS+ CAPACITY BUILDING PROJECT

PARTNER SEARCH FORM FOR ERASMUS+ CAPACITY BUILDING PROJECT PARTNER SEARCH FORM FOR ERASMUS+ CAPACITY BUILDING PROJECT Name Type of the institution Country Web-site Brief description TEMPUS/Erasmus experience Contact person (Name & contacts) Type of Project Type

More information

I. World trade developments

I. World trade developments I. World trade developments World merchandise exports stagnated in value terms in 2012 while exports of commercial services increased by 2 per cent. Key developments in 2012: a snapshot Trade data List

More information

Maritime Trade and Transportation by the Numbers

Maritime Trade and Transportation by the Numbers By Matthew Chambers and Mindy Liu The nation will observe Maritime Day on May 22, which was designated by Congress in 1933 to honor U.S. merchant mariners and the maritime industry. 1 Water transportation

More information

Ambassador Deborah A. McCarthy

Ambassador Deborah A. McCarthy Ambassador Deborah A. McCarthy Deborah A. McCarthy is the current U.S. Ambassador to Lithuania, appointed by President Obama and sworn into office on February 5, 2013. Ms. McCarthy joined the U.S. Diplomatic

More information

2013 NORTH CAROLINA ANNUAL TRADE REPORT

2013 NORTH CAROLINA ANNUAL TRADE REPORT NORTH CAROLINA ANNUAL TRADE REPORT Overview: North Carolina s steady export growth continued in North Carolina s exports reported steady gains again in, building on four years of growth since the bottom

More information

CURRENT ACCOUNT: THE REGIONAL DEVELOPMENTS AND TRENDS

CURRENT ACCOUNT: THE REGIONAL DEVELOPMENTS AND TRENDS CURRENT ACCOUNT: THE REGIONAL DEVELOPMENTS AND TRENDS Prepared by Armenuhi Burnazyan and Arevik Aleksanyan In our project we tried to analyze Current Account (CA) balance trends for Armenia, Georgia and

More information

UNECE Energy Week Geneva. in Energy Security

UNECE Energy Week Geneva. in Energy Security UNECE Energy Week Geneva Investing in Energy Security Committee on Sustainable Energy and related Meetings Wednesday 28 November 2007 Special Session: Investing in and Financing the Hydrocarbon Sector

More information

TURKISH GAS NETWORK & PIPELINES RECENT DEVELOPMENTS

TURKISH GAS NETWORK & PIPELINES RECENT DEVELOPMENTS TURKISH GAS NETWORK & PIPELINES RECENT DEVELOPMENTS Öztürk SELVITOP Head of Department 4 th GAS FORUM 10-11 11 September 2009 Ljubljana - SLOVENIA Strategies in the Energy Sector Major Aspects Exploration

More information

TMK ANNOUNCES 4Q 2012 AND FULL-YEAR 2012 IFRS RESULTS

TMK ANNOUNCES 4Q 2012 AND FULL-YEAR 2012 IFRS RESULTS TMK ANNOUNCES 4Q AND FULL-YEAR IFRS RESULTS The following contains forward looking statements concerning future events. These statements are based on current information and assumptions of TMK management

More information

Chapter-2. The Global Economic Situation and India s External Sector

Chapter-2. The Global Economic Situation and India s External Sector Chapter-2 The Global Economic Situation and India s External Sector Introduction Four years after the onset of the global financial crisis, the world economy continues to struggle. Whilst a weak global

More information

CHAPTER I INTRODUCTION AND DESIGN OF THE STUDY

CHAPTER I INTRODUCTION AND DESIGN OF THE STUDY Chapter I xxvi CHAPTER I INTRODUCTION AND DESIGN OF THE STUDY Chapter No. Description Page No. 1.2 INTRODUCTION 1 1.2 STATEMENT OF THE PROBLEM 2 1.3 OBJECTIVES OF THE STUDY 3 1.4 SIGNIFICANCE OF THE STUDY

More information

Figure 1: Gross inland energy consumption mix 2008-2012 (source: Eurostat)

Figure 1: Gross inland energy consumption mix 2008-2012 (source: Eurostat) Greece Key Issues prices were fully liberalised in July 2013 but no effective entry into the market has taken place and the incumbent electricity company remains the dominant supplier as a result. prices

More information

6. Gross Domestic Product by Country

6. Gross Domestic Product by Country 6. Gross Domestic Product by Country The economies of the six countries studied for this report have flourished, allowing for the very high growth rates in research and development (R&D) investment and

More information

Canada United Kingdom

Canada United Kingdom Canada United Kingdom Publication No. 214-62-E 9 June 214 Michaël Lambert-Racine Economics, Resources and International Affairs Division Parliamentary Information and Research Service The Library of Parliament

More information

Energy Security Summit, Berlin May 6 and 7, 2015

Energy Security Summit, Berlin May 6 and 7, 2015 Energy Security Summit, Berlin May 6 and 7, 2015 Agenda 06.05.2015 Wednesday, May 6, 2015 Evening Reception F.A.Z. Atrium, Mittelstraße 2-4, 10117 Berlin 07.00 p.m. 07.15 p.m. Welcome Address Berthold

More information

INVESTING IN TURKEY THE NEW INVESTMENT INCENTIVE SYSTEM

INVESTING IN TURKEY THE NEW INVESTMENT INCENTIVE SYSTEM INVESTING IN TURKEY THE NEW INVESTMENT INCENTIVE SYSTEM Warsaw, February 2013 New Program Policy Orientation The year 2023 would be the centenary of Turkish Republic s establishment. Therefore we set up

More information

Israel 2015 October 13-15, 2015

Israel 2015 October 13-15, 2015 Israel 2015 October 13-15, 2015 Water Technology and Environmental Control Exhibition & Conference The TLV Convention Center Tel Aviv, Israel www.watec-israel.com WATEC Israel Organizers: A MESSAGE FROM

More information

East Blue Line International Transport Co. Ltd. EBL EBL Page

East Blue Line International Transport Co. Ltd. EBL EBL Page Founded in 2001, East Blue Line International Transport Co. Ltd. has made its way to become a major transport service provider in Iran specialized in rail and road services. EBL is a registered international

More information

Agenda. Facts on Swiss Trade Osec track record Co-operation with bilateral Chambers of Commerce. Copyright Osec 2008. Alle Rechte vorbehalten.

Agenda. Facts on Swiss Trade Osec track record Co-operation with bilateral Chambers of Commerce. Copyright Osec 2008. Alle Rechte vorbehalten. Possible role of the bilateral Chambers of Commerce within the Business Network of Osec. Daniel Küng, CEO Osec Paris, 3rd May 2008 Hier Bild platzieren (weisser Balken bleibt nur bei Partner-Logo) Agenda.

More information

Alberta Oil and Gas Mission to United Arab Emirates (UAE), Bahrain, and Saudi Arabia. November 7 to November 19, 2013

Alberta Oil and Gas Mission to United Arab Emirates (UAE), Bahrain, and Saudi Arabia. November 7 to November 19, 2013 Alberta Oil and Gas Mission to United Arab Emirates (UAE), Bahrain, and Saudi Arabia. November 7 to November 19, 2013 Alberta Ministry of International and Intergovernmental Relations (IIR), in partnership

More information

U.S.-Chile Bilateral Trade Analysis

U.S.-Chile Bilateral Trade Analysis U.S.-Chile Bilateral Trade Analysis Bilateral Trade in Goods 1 Since the U.S.-Chile Free Trade Agreement (FTA) took effect on January 1, 2004, total merchandise trade between the United States and Chile

More information

Sinopec Corp. Announces FY2010 Interim Results

Sinopec Corp. Announces FY2010 Interim Results Sinopec Corp. Announces FY2010 Interim Results Beijing, People s Republic of China (PRC) 22 August, 2010 China Petroleum & Chemical Corporation ( Sinopec Corp. or the Company ) (CH: 600028; HKEX: 386;

More information

About FICCI Welcome to FICCI New Delhi December 2013

About FICCI Welcome to FICCI New Delhi December 2013 About FICCI About us Established in 1927 by Mahatma Gandhi India s largest and oldest Apex Business Organization Impacted the liberalization & globalization of the Indian economy since the 1990s 70 verticals

More information

World Manufacturing Production

World Manufacturing Production Quarterly Report World Manufacturing Production Statistics for Quarter III, 2013 Statistics Unit www.unido.org/statistics Report on world manufacturing production, Quarter III, 2013 UNIDO Statistics presents

More information

Steel Production in Czech Republic. Eurofer Economic Committee Meeting Brussels April 2015

Steel Production in Czech Republic. Eurofer Economic Committee Meeting Brussels April 2015 Steel Production in Czech Republic Eurofer Economic Committee Meeting Brussels April 2015 Main Economic Indicators % Change Czech Republic 10 11 12 13 14 15E 16P Private Consumption 1,0 0.2-1,8 0,4 1,7

More information

An analysis of the drivers behind the fall in direct investment earnings and their impact on the UK's current account deficit

An analysis of the drivers behind the fall in direct investment earnings and their impact on the UK's current account deficit Article An analysis of the drivers behind the fall in direct investment earnings and their impact on the UK's current account deficit The UK current account deficit continued to widen in 2015, marking

More information

The Transatlantic Trade and Investment Partnership (TTIP) State of Play

The Transatlantic Trade and Investment Partnership (TTIP) State of Play The Transatlantic Trade and Investment Partnership (TTIP) State of Play 27 April 2016 27 April 2016 Background / context for the negotiations The European Union and the United States have the most integrated

More information

Foreign Direct Investment

Foreign Direct Investment Germany Reports Record High of New Investment Projects Germany is a very attractive location for foreign investors. Germany Trade & Invest (GTAI) and the economic development agencies of the German Federal

More information

Oil Gas expo 2015 is comprised of 13 Main tracks and 131 sub tracks designed to offer comprehensive sessions that address current issues.

Oil Gas expo 2015 is comprised of 13 Main tracks and 131 sub tracks designed to offer comprehensive sessions that address current issues. OMICS Group cordially invites participants from all over the world to attend International Conference and Expo on Oil and Gas, scheduled during November, 16-18, 2015 at Dubai, UAE mainly focused on the

More information

Sri Lanka Business Forum EXPO 2015

Sri Lanka Business Forum EXPO 2015 Sri Lanka Business Forum EXPO 2015 Organized by Sri Lanka Pavilion in partnership with Italian Pavilion and PROMOS (Milan Chamber of Commerce) HEAD TABLE VVIPs - Prime Minister or Head of the Sri Lanka

More information

Explaining Russia s New Normal

Explaining Russia s New Normal Explaining Russia s New Normal Chris Weafer of Macro-Advisory This Op- Ed appeared on BNE.eu on September 11 2015 One of the slogans now regularly deployed to describe Russia s current economic condition

More information

I. World trade developments

I. World trade developments I. World trade developments World merchandise exports grew by 2 per cent in value terms in 2013 while exports of commercial services increased by per cent. Key developments in 2013: a snapshot Trade data

More information

Agency: International Trade Administration, Department of Commerce

Agency: International Trade Administration, Department of Commerce U.S. DEPARTMENT OF COMMERCE International Trade Administration Eurasian Oil and Gas Suppliers Mission to Almaty, Kazakhstan Ankara and Istanbul Turkey Agency: International Trade Administration, Department

More information

TRANSPORT SECTOR ROADMAP AND THE INVESTMENT PROGRAM I. Roadmap

TRANSPORT SECTOR ROADMAP AND THE INVESTMENT PROGRAM I. Roadmap TRANSPORT SECTOR ROADMAP AND THE INVESTMENT PROGRAM I. Roadmap 1. Launched in 2008, the government s Afghanistan National Strategy (ANDS) is a Millennium Goals (MDGs) based action plan and road map for

More information

The lower energy and feedstock prices overall have the following effects:

The lower energy and feedstock prices overall have the following effects: Impact of lower oil price on the European Chemical Industry Executive summary Oil prices have seen a rapid drop over the past six months with the price per barrel sinking to its lowest point since 2009.

More information

Science Technology and Innovation in Sri Lanka

Science Technology and Innovation in Sri Lanka THE PANEL OF THE UNITED NATIONS COMMISSION ON SCIENCE AND TECHNOLOGY FOR DEVELOPMENT 28-30 November 2007 Kuala Lumpur Science Technology and Innovation in Sri Lanka The views presented here are the participants

More information

Bringing Russian and Iranian Gas to the Georgian Market: Technically Challenging, Economically Unfeasible and Politically Costly?

Bringing Russian and Iranian Gas to the Georgian Market: Technically Challenging, Economically Unfeasible and Politically Costly? Bringing Russian and Iranian Gas to the Georgian Market: Technically Challenging, Economically Unfeasible and Politically Costly? Bartosz Mendyk * After the disintegration of the Soviet Union, the three

More information

Overview of Pakistan s Economy and Business /Investment Opportunities for Italian Entrepreneurs/Companies

Overview of Pakistan s Economy and Business /Investment Opportunities for Italian Entrepreneurs/Companies Country s Snapshot Overview of Pakistan s Economy and Business /Investment Opportunities for Italian Entrepreneurs/Companies Pakistan symbolizes the land of pure and has been the center of the great Indus

More information

MINISTRY OF TRADE AND INDUSTRY STATEMENT BY HON. CALLE SCHLETTWEIN, MINISTER OF TRADE AND INDUSTRY,

MINISTRY OF TRADE AND INDUSTRY STATEMENT BY HON. CALLE SCHLETTWEIN, MINISTER OF TRADE AND INDUSTRY, MINISTRY OF TRADE AND INDUSTRY STATEMENT BY HON. CALLE SCHLETTWEIN, MINISTER OF TRADE AND INDUSTRY, ON THE GROWTH AT HOME STRATEGY, NAMIBIA S EXECUTION STRATEGY FOR INDUSTRIALISATION IN THE NATIONAL ASSEMBLY,

More information

CASE FOUNDATION CENTER FOR SOCIAL AND ECONOMIC STUDIES. Foreign Direct Investment Impact on the Polish Economy. Case Study. Ewa Sadowska-Cieslak

CASE FOUNDATION CENTER FOR SOCIAL AND ECONOMIC STUDIES. Foreign Direct Investment Impact on the Polish Economy. Case Study. Ewa Sadowska-Cieslak CASE FOUNDATION CENTER FOR SOCIAL AND ECONOMIC STUDIES Foreign Direct Investment Impact on the Polish Economy Case Study Ewa Sadowska-Cieslak WARSAW November 2000 CASE Foundation Center for Social and

More information

The Innovative Pharmaceutical Manufacturing Industry: Driving Economic Growth

The Innovative Pharmaceutical Manufacturing Industry: Driving Economic Growth The Innovative Pharmaceutical Manufacturing Industry: Driving Economic Growth March 2015 About the Author Nam D. Pham is Managing Partner of ndp analytics, a strategic research firm that specializes in

More information

OUTLINE TERMS OF REFERENCE FOR CONSULTANTS

OUTLINE TERMS OF REFERENCE FOR CONSULTANTS OUTLINE TERMS OF REFERENCE FOR CONSULTANTS A. Introduction 1. A team of individual consultants will be engaged to support a range of activities under the Central Asia Regional Economic Cooperation (CAREC)

More information

Opening Remarks. Ms. Noy Siackhachanh Director, Governance, Finance, and Trade Division East and Central Asia Department Asian Development Bank

Opening Remarks. Ms. Noy Siackhachanh Director, Governance, Finance, and Trade Division East and Central Asia Department Asian Development Bank Opening Remarks Ms. Noy Siackhachanh Director, Governance, Finance, and Trade Division East and Central Asia Department Asian Development Bank Fourth Customs Cooperation Committee Meeting 7-9 September

More information

On the occasion of the Service Exporter Network Annual Meeting and Conference. 12 15 November 2008, Johannesburg

On the occasion of the Service Exporter Network Annual Meeting and Conference. 12 15 November 2008, Johannesburg On the occasion of the Service Exporter Network Annual Meeting and Conference 12 15 November 2008, Johannesburg By Dr. Rob Davies, Deputy Minister of Trade & Industry Programme Director, Honoured Guest,

More information

Tosoh Reports on Consolidated Results for Fiscal 2016 (from April 1, 2015, to March 31, 2016) Tokyo, Japan

Tosoh Reports on Consolidated Results for Fiscal 2016 (from April 1, 2015, to March 31, 2016) Tokyo, Japan NEWS RELEASE May 10, 2016 Tosoh Reports on Consolidated Results for Fiscal 2016 (from April 1, 2015, to March 31, 2016) Tokyo, Japan Tosoh Corporation is pleased to announce its consolidated results for

More information

Ministry of Small Business,Technology and Economic Development

Ministry of Small Business,Technology and Economic Development Ministry of Small Business,Technology and Economic Development 2 BRITISH COLUMBIA S TRADE AND INVESTMENT STRATEGY FOR CHINA Why China is Important to British Columbia China is the world s fourth largest

More information

EXPORT-IMPORT BANK OF INDIA: Catalysing India s Trade and Investment. July 01, 2015

EXPORT-IMPORT BANK OF INDIA: Catalysing India s Trade and Investment. July 01, 2015 EXPORT-IMPORT BANK OF INDIA: Catalysing India s Trade and Investment July 01, 2015 INDIAN ECONOMY SNAPSHOT PARAMETER FY 2010 FY 2013 FY 2014 FY 2015 GDP (current prices, US$ bn) 1365.4 1835.8 1875.9 2050.6

More information

MINISTRY OF AGRICULTURE OF HUNGARY

MINISTRY OF AGRICULTURE OF HUNGARY MINISTRY OF AGRICULTURE OF HUNGARY Introduction of the institutional framework of the Administration of the Hungarian Agriculture International Development Cooperation of the Ministry of Agriculture of

More information

TABLE 6.3 Exports of Selected South-East Asian Countries COUNTRY 1992 1993 1994 1995 1996 1997 @

TABLE 6.3 Exports of Selected South-East Asian Countries COUNTRY 1992 1993 1994 1995 1996 1997 @ Merchandise Trade 14. The analysis in this section is based on the trade data provided by the DGCI&S. The ratio of foreign trade to GDP (in rupee terms), increased from 11.6 per cent in 1985-86 to 14.1

More information

CONNECTING CASPIAN GAS TO EUROPE: NO LARGE SCALE INFRASTRUCTURE DEVELOPMENT IN NEAR FUTURE

CONNECTING CASPIAN GAS TO EUROPE: NO LARGE SCALE INFRASTRUCTURE DEVELOPMENT IN NEAR FUTURE CONNECTING CASPIAN GAS TO EUROPE: NO LARGE SCALE INFRASTRUCTURE DEVELOPMENT IN NEAR FUTURE There is enough natural gas in Caspian region to justify construction of the major pipelines and other elements

More information

Global Exhibition on Services

Global Exhibition on Services Ministry of Commerce & Industry Global Exhibition on Services Concept Note 1 GES Concept Note Global Exhibition on Services (GES) - Concept Note The Government of India, Ministry of Commerce and Industry

More information

A Trade Agenda that Gets Results

A Trade Agenda that Gets Results A Trade Agenda that Gets Results Annex to the Canadian Chamber of Commerce Election Platform June 2015 A Trade Agenda that Gets Results The Canadian Chamber of Commerce 1 Canada s next government should

More information

Economic Change in India

Economic Change in India Adam Cagliarini and Mark Baker* India has become an increasingly important part of the global economic landscape over the past decade. Its economy has become more open to international trade, its workforce

More information

Competition pipeline gas vs LNG in Europe

Competition pipeline gas vs LNG in Europe 17 th INTERNATIONAL CONFERENCE & EXHIBITION ON 17 th INTERNATIONAL CONFERENCE & EXHIBITION LIQUEFIED NATURAL GAS (LNG 17) ON LIQUEFIED NATURAL GAS (LNG 17) Competition pipeline gas vs LNG in Europe

More information

THE WORLD OIL MARKET. Mohan G. Francis

THE WORLD OIL MARKET. Mohan G. Francis THE WORLD OIL MARKET Mohan G. Francis With the Bush administration busily moving military forces to the Gulf region, the sense of an impending war has begun to make an impact on the world petroleum markets.

More information

World Manufacturing Production

World Manufacturing Production Quarterly Report World Manufacturing Production Statistics for Quarter IV, 2013 Statistics Unit www.unido.org/statistics Report on world manufacturing production, Quarter IV, 2013 UNIDO Statistics presents

More information

Indo-German Investments & Cooperation

Indo-German Investments & Cooperation Indo-German Investments & Cooperation FDI inflows set to grow in 2010-2011 The importance of foreign direct investment (FDI) for the development and the well-being of an economy is well accepted. In the

More information

THE AGRICULTURAL EQUIPMENT MARKET IN CE, SE AND EASTERN EUROPE

THE AGRICULTURAL EQUIPMENT MARKET IN CE, SE AND EASTERN EUROPE THE AGRICULTURAL EQUIPMENT MARKET ROMANIA UKRAINE TURKEY RUSSIA IN CE, SE AND EASTERN EUROPE Romania In 211, Romania recorded one of the highest wheat production in the recent years, of some eight million

More information

Economic 360 for Indonesia: Growth Prospects and Emerging Opportunities in the ICT Industry

Economic 360 for Indonesia: Growth Prospects and Emerging Opportunities in the ICT Industry Economic 360 for Indonesia: Growth Prospects and Emerging Opportunities in the ICT Industry Indonesia s ICT Industry Decoded: Hardware, Software, and Telecom to Propel Growth April 2012 Contents Executive

More information

Consolidated Earnings Report for the Second Quarter of Fiscal 2011 [Japanese GAAP]

Consolidated Earnings Report for the Second Quarter of Fiscal 2011 [Japanese GAAP] Consolidated Earnings Report for the Second Quarter of Fiscal 2011 [Japanese GAAP] October 27, 2010 Company Name: KOITO MANUFACTURING CO., LTD. Stock Listing: First Section, Tokyo Stock Exchange Code Number:

More information

DAWEI Sea PROJECT Port Project DAWEI AND THE REGION

DAWEI Sea PROJECT Port Project DAWEI AND THE REGION February 2012 DAWEI Sea PROJECT Port Project DAWEI AND THE REGION PROJECT LOCATION Kunming India Middle East / Europe Dawei Africa Asia Regional Hub DAWEI Sea PROJECT Port Project DAWEI PROJECT OVERVIEW

More information

An Overview of Landfill Gas Energy in the United States

An Overview of Landfill Gas Energy in the United States An Overview of Landfill Gas Energy in the United States U.S. Environmental Protection Agency Landfill Methane Outreach Program (LMOP) Victoria Ludwig Why EPA Cares About Landfill Gas Methane is a potent

More information

Dialogue between the Government and stakeholders a crucial factor for improving Business Environment

Dialogue between the Government and stakeholders a crucial factor for improving Business Environment Dialogue between the Government and stakeholders a crucial factor for improving Business Environment Anrijs Matīss Deputy State Secretary Ministry of Economics of the Republic of Latvia Brivibas street

More information

Foreign Trade Vademecum. 2012 Edition. osec.ch

Foreign Trade Vademecum. 2012 Edition. osec.ch Foreign Trade Vademecum. 2012 Edition. osec.ch Table of contents. Swiss economic key figures 3 Global view 4 Worldwide export development by region 4 Worldwide largest exporters 4 Worldwide import development

More information

People s Republic of China: Strategy and Transport Policy Study on Promoting Logistics Development in Rural Areas

People s Republic of China: Strategy and Transport Policy Study on Promoting Logistics Development in Rural Areas Technical Assistance Report Project Number: 48022 Policy and Advisory Technical Assistance (PATA) August 2014 People s Republic of China: Strategy and Transport Policy Study on Promoting Logistics Development

More information

U.S. Agriculture and International Trade

U.S. Agriculture and International Trade Curriculum Guide I. Goals and Objectives A. Understand the importance of exports and imports to agriculture and how risk management is affected. B. Understand factors causing exports to change. C. Understand

More information

IS ENERGY IN ESTONIA CHEAP OR EXPENSIVE?

IS ENERGY IN ESTONIA CHEAP OR EXPENSIVE? IS ENERGY IN ESTONIA CHEAP OR EXPENSIVE? Rita Raudjärv, Ljudmilla Kuskova Energy is a resource without which it is hard to imagine life in today's world. People seem to take it for granted that energy

More information

Economic and Legal Foundations of Energy Saving (regional aspect)

Economic and Legal Foundations of Energy Saving (regional aspect) Economic and Legal Foundations of Energy Saving (regional aspect) V.S. Belykh Doctor of Law, Professor Head of Entrepreneurial Law Department, Ural State Law Academy Competing with other systems survives

More information

India - Cote d Ivoire Relations

India - Cote d Ivoire Relations 1 India - Cote d Ivoire Relations Relations between India and Cote d Ivoire have traditionally been cordial. The Embassy of India in Abidjan was established in 1979, while Cote d Ivoire (CI) opened its

More information

(April 1, 2015 June 30, 2015)

(April 1, 2015 June 30, 2015) Financial Results Summary of Consolidated Financial Results For the Three-month Period Ended June 30, 2015 (IFRS basis) (April 1, 2015 June 30, 2015) *This document is an English translation of materials

More information

Canada Mexico. Alexandre Gauthier* Katie Meredith. Publication No. 2011-136-E 15 November 2011

Canada Mexico. Alexandre Gauthier* Katie Meredith. Publication No. 2011-136-E 15 November 2011 Canada Mexico Publication No. 2011-136-E 15 November 2011 Alexandre Gauthier* Katie Meredith International Affairs, Trade and Finance Division Parliamentary Information and Research Service Canada Mexico

More information

Kazakhstan Oil Supply Chain: Despite Upstream Synergy, the Republic Faces Downstream Challenges in Global Markets

Kazakhstan Oil Supply Chain: Despite Upstream Synergy, the Republic Faces Downstream Challenges in Global Markets Kazakhstan Oil Supply Chain: Despite Upstream Synergy, the Republic Faces Downstream Challenges in Global Markets Jay Nathan Tobin College of Business St. John s University Queens, New York 11439 nathanj@stjohns.edu

More information

growing sources of employment in the country. In

growing sources of employment in the country. In SRI LANKA 8,000 7,000 6,000 5,000 Fig. 1: Employment by Major Economic Activity ('000s), 2002-2008 Agriculture, Hunting, Forestry, Mining and Wholesale and Retail Trade Hotels and Restaurants Agriculture,

More information

Nominal, Real and PPP GDP

Nominal, Real and PPP GDP Nominal, Real and PPP GDP It is crucial in economics to distinguish nominal and real values. This is also the case for GDP. While nominal GDP is easier to understand, real GDP is more important and used

More information

Oman s Oil & GAS Industry

Oman s Oil & GAS Industry Oman s Oil & GAS Industry Presented By: Ali Abdullah Al-Riyami Director General of Oil & Gas Marketing Ministry of Oil & Gas Sultanate of Oman Outline 1. Introduction about the Ministry of Oil & Gas 2.

More information

IFRS results for the year ended December 31, 2006 April 2, 2007 Michael A. O Neill CEO

IFRS results for the year ended December 31, 2006 April 2, 2007 Michael A. O Neill CEO IFRS results for the year ended December 31, 2006 April 2, 2007 Michael A. O Neill CEO 1 Forward-Looking Statements This presentation includes forward-looking statements including, but not limited to,

More information

Report to the public on the Bank of Israel s discussions prior to deciding on. the interest rate for January 2015

Report to the public on the Bank of Israel s discussions prior to deciding on. the interest rate for January 2015 BANK OF ISRAEL Office of the Spokesperson and Economic Information January 12, 2015 Report to the public on the Bank of Israel s discussions prior to deciding on General the interest rate for January 2015

More information

Ex-Im As A Lender Of Last Resort?

Ex-Im As A Lender Of Last Resort? FREEDOM PARTNERS PRESS OFFICE FOR IMMEDIATE RELEASE MEDIA@FREEDOMPARTNERS.ORG 6/3/2015 703.888.2527 VIEW ONLINE HERE Ex-Im As A Lender Of Last Resort? Arlington, VA The Export-Import Bank s leadership

More information

Putin faith in the Russian Ruble?

Putin faith in the Russian Ruble? Putin faith in the Russian Ruble? Chris Tevere, CMT, Senior Technical Strategist FOREX.COM 8 January 2013 The ruble has gained in popularity in recent years. It is considered part of the well-respected

More information

TURKEY CORPORATE TAX (KURUMLAR VERGISI) The basic rate of corporation tax for resident and non-resident companies in Turkey is 20%.

TURKEY CORPORATE TAX (KURUMLAR VERGISI) The basic rate of corporation tax for resident and non-resident companies in Turkey is 20%. TURKEY CORPORATE TAX (KURUMLAR VERGISI) The basic rate of corporation tax for resident and non-resident companies in Turkey is 20%. Corporations in Turkey can be regarded as either limited or unlimited

More information

TOTAL FDI Inflow to KSA (Millions of dollars) FDI by Source :

TOTAL FDI Inflow to KSA (Millions of dollars) FDI by Source : Actual Inflows & Stocks of Foreign Direct Investments (Millions of dollars) in KSA by Country & Sector FDI Inflows Total Stock ( Millions of dollars ) TOTAL FDI Inflow to KSA (Millions of dollars) 8 8,,,,88

More information

Oil & Gas Capability Statement

Oil & Gas Capability Statement Oil & Gas Capability Statement CIS Baker & McKenzie is one of the world s largest international law firms with 74 offices in 46 countries. With more than 4,100 locally qualified, internationally experienced

More information

a GAO-06-162 GAO CHINA TRADE U.S. Exports, Investment, Affiliate Sales Rising, but Export Share Falling Report to Congressional Committees

a GAO-06-162 GAO CHINA TRADE U.S. Exports, Investment, Affiliate Sales Rising, but Export Share Falling Report to Congressional Committees GAO United States Government Accountability Office Report to Congressional Committees December 2005 CHINA TRADE U.S. Exports, Investment, Affiliate Sales Rising, but Export Share Falling a GAO-06-162 Accountability

More information

FINANCIAL RESULTS FOR THE THREE MONTH ENDED JUNE 2013

FINANCIAL RESULTS FOR THE THREE MONTH ENDED JUNE 2013 FINANCIAL RESULTS FOR THE THREE MONTH ENDED JUNE 2013 Based on US GAAP Mitsubishi Corporation 2-3-1 Marunouchi, Chiyoda-ku, Tokyo, JAPAN 100-8086 http://www.mitsubishicorp.com/ Mitsubishi Corporation and

More information

Conceptual Design of an E-Marketplace for Small and Medium Enterprises in the Turkish Machinery Industry

Conceptual Design of an E-Marketplace for Small and Medium Enterprises in the Turkish Machinery Industry Conceptual Design of an E-Marketplace for Small and Medium Enterprises in the Turkish Machinery Industry Meltem Denizel, Yıldız Arıkan* 1, Gündüz Ulusoy, Bülent Çatay Sabanci University, Orhanli, Tuzla,

More information

U.S. Trade Overview, 2013

U.S. Trade Overview, 2013 U.S. Trade Overview, 213 Stephanie Han & Natalie Soroka Trade and Economic Analysis Industry and Analysis Department of Commerce International Trade Administration October 214 Trade: A Vital Part of the

More information

WFES 2014 Overview Where the World of Future Energy Comes Together

WFES 2014 Overview Where the World of Future Energy Comes Together WFES 2014 Overview Where the World of Future Energy Comes Together Since its inception in 2008, the World Future Energy Summit (WFES) has fast emerged as the leading renewable energy conference and exhibition

More information