As Azerbaijan seeks interest in agricultural and textile apparels widely produced in Pakistan, this can be a huge potential. If you continue to use this site we will assume that you are happy with it. 11.See “India Bags US$ 40 Million Defence Deal … Pakistan also has a potential for manufacturing sports goods and Azerbaijan has a huge market due to the presence … Azerbaijan (FlagPictures) Strategically positioned at the confluence of southwestern Asia with southeastern Europe north of Iran and south of Russia, the Republic of Azerbaijan shipped US$19.6 billion worth of goods around the globe in 2019. While seeking investments in energy sector by Azerbaijan, Pakistan can potentially invest in the above mentioned commercial sectors in Azerbaijan. 10.Islamuddin Sajid, “Pakistan Armed Forces Throw Weight Behind Azerbaijan”, Anadolu Agency, October 10, 2020. Over the years Pakistani business community has invested $4.2 million in Azerbaijani economy. Published in Daily Times, October 18th 2018. BAKU, Azerbaijan, Dec. 12. The same document was updated in 2015 and 2016, during the Working Group Meetings in Baku and Islamabad, respectively. Azerbaijan is one of the largest producers of oil and energy related products while Pakistan one of the largest consumer market for these products. This all will depend on how well the opportunities and the business ventures may be finalized in the coming future from both sides. A dividend withholding tax of 15% is applicable to monies sent abroad. India has a well-established pharmaceutical industry in Azerbaijan and many Indian pharmaceutical companies operate out of Azerbaijan. Exports in Pakistan increased to 339290 PKR Million in October from 313324 PKR Million in September of 2020. As we all know, that Azerbaijan is one of the largest producers of oil and energy related products while Pakistan one of the largest consumer market for these products. Your right to know Sr: HS: Description: Value of Exports: Percent of total: 1: 8703 Cars: $935,692,201.31: 6.80%: 2: 8802 Planes, Helicopters, and/or Spacecraft: $413,261,840.69: 3.00% Saturday, December 12, 2020, Azerbaijan can help Pakistan to find new areas of revenue generation to feed its economy where Pakistan can play its role. The writer is Director, Institute of Peace and Diplomatic Studies. If we closely look at the Azerbaijani market, there is huge potential for Pakistani businessmen including joint ventures in various sectors including sports goods, leather industry, pharmaceutical, energy, production of lightweight agriculture equipment and value addition in agriculture products. Top trading partners (import sources) of Azerbaijan in 2019: Russia with a share of 16.7% (2.28 billion US$) Turkey with a share of 12% (1.64 billion US$) China with a share of 10.4% (1.43 billion US$) Switzerland with a share of 8.84% (1.2 billion US$) USA with a share of 5.63% (768 million US$) The relation goes back to the time when both nations were part of the Persian Empire. Azerbaijan's imports 2019 by country . The process is uncomplicated and it will only take you a few minutes. Important imports partners of the country are Russia, Germany, Turkey, China and Italy. Baku, which enjoys Pakistan’s full diplomatic support with regards to the conflict, is also looking to Pakistan as a source of military hardware. As The Diplomat has noted previously, “the lightweight, single-engine, multi-role combat jet, jointly developed by Pakistan Aeronautical Complex and China’s Chengdu Aircraft Corporation, sells at an attractive price point, with a unit cost of just around $15-25 million”. The bilateral strategic cooperation between these two countries embraces the economic, cultural, political, and especially defence fields. Infodriveindia presents detailed analysis of India Exports to Azerbaijan with detailed break up at major hs codes, products and ports. By Akbar Mammadov. That dollar amount reflects a -55.3% decline since 2015 and a -0.9% increase from 2018 to 2019. While on the other hand, Pakistan’s Mango is also famous across the globe for its taste. It is very important to note here that the trade turnover during the January to June 2018 has remained at the 5.82 million USD. Beyond joint exercises, military and defence cooperation between Azerbaijan-Pakistan takes the form of continuous dialogue in high-level meetings, as well as military agreements such as the military cooperation agreement that was signed in February 2014 in Islamabad. There is also a 20% value-added tax on certain imports. Successive government tried their best from Pakistani side along with the Azerbaijani side however the momentum began to rise after the advent of the 21st century and rise of Azerbaijan as an oil and economic regional giant. The following diagram shows the levels of exports and imports of the country. In order to boost trade relations a special working group has been established between the Ministry of Economy of Azerbaijan and the Ministry of Trade of Pakistan on the development of bilateral investment cooperation. Today, Pakistan is the only country that has not established diplomatic relations with Baku’s main foe, Armenia. Azerbaijan is eyeing the JF-17 Thunder (also known as the FC-1 Xiaolong), a multi-functional aircraft that was jointly developed by Pakistan and China. Pakistan is one of the largest producers of rice in the region and its market share is rising. Azerbaijan and Pakistan are two brotherly Muslim countries with unique commonalities of historical, religious and political nature. We offer competitive prices on air ticket from Pakistan to Azerbaijan. Pakistan had long been trying to find countries to buy the JF-17 in order to reduce per unit cost the Pakistan Air Force pays. Chabahar is expected to help India gain access to markets in central and west Asia. Given the Pakistan’s status as a nuclear power, combined with its dynamic military muscle, military cooperation can be seen as another fundamental building block of the bilateral relationship. Azerbaijan’s government does not try to hide the fact that it wants to muster all possible backing in order to resolve the Nagorno-Karabakh conflict. Agriculture exports is one sector which is necessary for Pakistani businessmen to explore in Azeri market and find partners there to continue supplies. While Azerbaijan’s defence industry has strategic relations with various countries, Baku has been seeking ways of expanding military cooperation with Pakistan in particular over the last years. Both countries built deeper and closer brotherly bond which is strengthening and growing ever since till this time.  Leadership and people of both countries feel closer to each other. Another important sector for collaboration and joint venture is energy sector. Contact Us, we will deliver you what you are looking for. 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