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BAKU: Diplomat &International Canada Publishes Article On Azerbaijan

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  • BAKU: Diplomat &International Canada Publishes Article On Azerbaijan

    DIPLOMAT &INTERNATIONAL CANADA PUBLISHES ARTICLE ON AZERBAIJAN

    Azeri Press Agency, Azerbaijan
    Oct 3 2007

    Canadian magazine Diplomat & International Canada published an
    article titled "Stability increases as Azerbaijan's energy wealth
    flows outward" that was prepared by the Azerbaijani embassy in Canada,
    Azerbaijani embassy in Canada told the APA.

    The article says that Azerbaijan became regional leader during Heydar
    Aliyev's tenure despite complicated geopolitical situation 10 years
    ago. The article says that GDP growth rate for the past five years was
    12% annually (World Bank's calculations). The author underlines that
    Baku-Tbilisi-Ceyhan and Baku-Tbili-Arzurum main export oil and gas
    pipelines launched in 2006, while construction of Baku-Tbilisi-Gars
    railway has commenced and Baku has emerged one of the most important
    sites for investment: "Such regional projects bring Azerbaijan and
    European Union together. A memorandum of Understanding on energy
    cooperation was signed between Azerbaijan and EU in 2006".

    The article also mentions Azerbaijan's intention on the integration in
    Euro-Atlantic structures, saying that country's energy reserves attract
    capitalists from Europe, Asia and US. The article focused on the
    development of relations between Azerbaijan and Canada stressing the
    fact that Canada trade mission was in Baku in June. The establishment
    of the fund for Azerbaijani students studying abroad and State Oil
    Fund for transparent management of oil incomes were kept in focus in
    the article.

    "If Azerbaijan's occupied territories are liberated it will benefit
    from all transregional project" the article says touching upon
    Nagorno-Karabakh conflict.

    Reforms and industrial projects implemented in Azerbaijan could be
    useful for the whole region ad international community's including
    Canada's support is very important in this context: "Tight relations
    will serve to expand global energy sources and strengthen stability
    in one of the most strategic regions of the world.

    From: Emil Lazarian | Ararat NewsPress
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