The appointment of an ambassador for the Republic of Azerbaijan to Kenya underlines the determination of both countries to establish trade and business links.
“We are very much eager and very much ready to explore Kenyan market for Azerbaijan goods. And of course, we plan to launch a joint initiative to boost trade between the two countries. We are working to increase our trade volumes on both sides,” Elman Abdullayev, the ambassador has said.
With European standard, Azerbaijan industrial products are known in many parts the world. They include petrochemicals, food industry products and other manufacturing products.
Azerbaijan’s foreign investment in its neighborhood has exceeded $35 billion.
Tea and Coffee
Azerbaijan needs raw materials and agricultural products for which Africa is known. Kenya is a big producer of tea and coffee in the world. Its horticultural products, including flowers play also a significant part in its trade with other countries.
In Azerbaijan, industrial goods make up 53 per cent of the GDP with services constituting 36 per cent. Agriculture contributes only 5.7 per cent.
In Kenya, the manufacturing sector contributes on 19 per cent to the GDP. The economy is heavily dependent on agriculture which directly contributes 24% of the Gross Domestic Product (GDP) and 27 per cent of GDP indirectly through linkages with manufacturing, distribution and other service related sectors.
About 45 per cent of Government revenue is derived from agriculture and the sector contributes over 75 per cent of industrial raw materials and more than 50% of the export earnings.
The sector is the largest employer in the economy, accounting for 60 per cent of the total employment. Over 80 per cent of the population, especially living in rural areas derives their livelihoods mainly from agricultural related activities.
Among the activities planned by Azerbaijan and Kenya are visits of business communities to explore business opportunities. “We plan to organize joint business events and missions,” he said.