WTO-YA ÜZVLÜK AZƏRBAYCANA NECƏ FAYDA VERƏ BILƏR

Natural resources have been the major pillar of Azerbaijan’s economy over the past 25 years since its independence, In 2014, 92% of export, 70% budget revenues and a minimum of 45% of the GDP come from oil and gas sector. However, major challenges of the country remain at the institutional level. Prosperity is out of the question when there is a lack of freedom to trade and investment for non-oil sectors and coordination in economic policies. Benefiting and self-sufficient largely from the oil export, the country has taken the very little step to open up trade of services and commodities through institutional reforms.

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