Business Prospects with Azerbaijan, Georgia and Turkey Presented in Washington, DC


October 8, 2014
Media Contact Person
Susan Sadigova
[email protected]
202 333 8702

Business Prospects with Azerbaijan, Georgia and Turkey Presented in Washington, D.C.

Washington, D.C. On October 7, 2014, USACC organized a session dedicated to business prospects in the Southern Caucasus and Turkey with the sponsorship of Nobel Oil. The session was organized in partnership with America's two leading trade institutions, World Trade Center Institute and Ronald Reagan Building and International Trade Center. The session was attended by the U.S. government officials, diplomats accredited in Washington, DC, representatives of companies involved in different areas of the global economy.

Susan Sadigova, Executive Director of USACC, welcomed the guests and passed the floor to Elin Suleymanov, Ambassador of the Republic of Azerbaijan to the United States, who talked about the existing business opportunities and potential areas of economy for investment. Ambassador noted that the development of non-energy industry has become a priority in Azerbaijan. Ambassador also highlighted the leading role of Azerbaijan in realization of the regional infrastructure projects and attraction of various businesses to the region. "Projects like Baku-Tbilisi-Kars railway, Baku International Trade Port, creation of diverse cargo terminals make Azerbaijan a favorable place for businesses", he said. "Regional transportation of goods will reach the next level in terms of time and quality as a result of BTK railway, the completion of which is expected in 2015. Direct flights to New York carried out by AZAL starting from September 24 can be considered as yet another important development in the area of regional tourism and transportation infrastructure," he explained.

Next speaker, Dr. Mamuka Tsereteli, Professor of Johns Hopkins University and President of America-Georgia Business Council, informed the audience about the economic and business environment in Georgia. Pointing out Azerbaijan's role in the Georgian economy, Dr. Tsereteli described Azerbaijan as a dominant country in the region. He also pointed out the financial assistance provided by Azerbaijan to Georgia for realization of projects like Baku-Tbilisi-Kars railway.

Ayse Oge, renowned expert in international trade, informed the audience about the business environment and legislative procedures in Turkey and brought the attention to BTK project, a joint project of three countries. Ayse Oge then highlighted the importance of the project that will contribute to the social and economic development of Kars region. According to Ms. Oge, Azerbaijan is the largest investor in Turkey and plays a connecting role in the region.

The event was followed by a formal "Embassy Night" gala dinner where Azerbaijan was featured as a participating country and sponsor.

Source: USACC