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Azerbaijan wants to invest in RI: Envoy

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  • Azerbaijan wants to invest in RI: Envoy

    Jakarta Post, Indonesia
    May 28 2012


    Azerbaijan wants to invest in RI: Envoy

    The Jakarta Post | Mon, 05/28/2012 8:00 AM

    Oil-rich Azerbaijan sees resource-rich Indonesia, the largest economy
    in Southeast Asia, as an important regional as well as global player.
    Baku says Jakarta occupies a significant place in its foreign policy.
    Azerbaijan emerged as the second biggest supplier of crude oil to
    Indonesia in 2011 after Saudi Arabia. Its economy has grown an average
    16.9 percent during the last five years and has over US$30 billion in
    its State Oil Fund. This month, Azerbaijan, a non-permanent member, is
    the chairman of the UN Security Council.

    In order to know more about the growing relations, The Jakarta Post's
    Veeramalla Anjaiah talked to Azerbaijan Ambassador to Indonesia
    Tamerlan Karayev recently in Jakarta. The following are excerpts of
    the interview.

    Question: What is the present state of relations between Azerbaijan
    and Indonesia?

    Answer: Azerbaijan and Indonesia established diplomatic relations in
    1992. So this year we are celebrating 20th anniversary of our
    relations. Azerbaijan considers Indonesia as a friendly and brotherly
    country.

    The countries' bilateral political relations are on a perfect level
    now, we have mutual understanding and support on several issues at the
    level of both bilateral and multilateral. So, now our main goal is to
    strengthen and expand our economic relations. Compared to 2007 when
    the trade turnover between our countries was $101.10 million, in 2011
    we achieved the sum of $1.76 billion.

    But the trade between Azerbaijan and Indonesia is mostly related to
    the energy sector; we are working now to find other sectors of economy
    where we could gain mutual benefits. For expanding and strengthening
    of our economic relations, the Azerbaijan Embassy has proposed to
    establish the Joint Government Economic Commission. We are waiting for
    a response from the Indonesian side.

    Given both countries economic strength, the present bilateral trade
    doesn't commensurate the real economic potential of both countries.
    What problems does Azerbaijan typically face when doing business with
    Indonesia?

    Indonesia and Azerbaijan have a big amount of bilateral trade, but
    Indonesian goods come to Azerbaijan mostly through third countries and
    we would like to have direct trade between Indonesia and Azerbaijan.
    We are working on this issue. I think there are no many problems about
    doing business with Indonesia, I would only mark a few issues: it is
    very difficult to meet Indonesia's high-level government officials and
    we need more information to do business and invest in important
    projects.

    As a new ambassador, what is your main mission in Indonesia?

    My main mission is to find ways to strengthen and expand the two
    countries' relations in all directions, not only political and
    economical; we are also interested in cooperating in cultural,
    educational and other fields.

    During the credentials' presentation ceremony, I informed President
    Susilo Bambang Yudhoyono that Azerbaijan government is very much
    interested in reciprocal investment plans between our countries and
    the President of Azerbaijan authorized me to specify the fields in the
    Indonesian economy where we could bring in investments from the
    Azerbaijan State Oil Fund for mutual fruitful benefits. So now me and
    all my staff are working hard on this issue.

    Azerbaijan has a problem with its neighbor Armenia on the issue of
    Nagorno-Karabakh. What do you expect from Indonesia as a friendly
    Muslim-majority country and member of the Organization of Islamic
    Cooperation (OIC)?

    First of all, I would like to express my high appreciation to the
    Indonesian government for its continuous support of Azerbaijan in the
    above-mentioned conflict. As you know on Feb. 26, 1992, Armenian
    aggressors committed genocide against the civilian population in
    Azerbaijan town of Khojaly, which was recognized by the parliaments of
    several countries. We are convinced that the issue of recognition of
    the Khojaly tragedy as genocide could be placed on the agenda of the
    friendly Indonesian parliament and this massacre will get its legal
    and political assessment.

    How do you see the future of RI-Azerbaijan relations in the next five years?

    Our main goal now is to organize top-level bilateral visits between
    our countries, to expand our legal base to foster economic relations.
    We have very good potential for cooperation in all fields and I will
    put all my efforts into strengthening our relations. I hope in the
    coming five years we will be able to double or triple our trade
    turnover.

    http://www.thejakartapost.com/news/2012/05/28/azerbaijan-wants-invest-ri-envoy.html

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