Global Baku Forum in Xinhua spotlight

Baku, March 11, AZERTAC

Chinese official news agency Xinhua has published an article on the fourth Global Baku Forum organized by the Nizami Ganjavi International Center in partnership with Azerbaijan State Committee on Work with Diaspora.

The Chinese news agency says: “A two-day Global Baku Forum titled "Towards a Multipolar World" opened here on Thursday bringing together 300 delegates from 53 countries. It will address such themes as international security, regional threats, climate change and energy policy along with ethnic, religious and political conflicts, educational and environmental issues.”

The article quotes Azerbaijan’s President Ilham Aliyev as saying is his opening speech that “our goal is to remove dependence of the national economy on oil and gas.

"Reduction of dependence on oil and gas is a part of our reforms. Today oil and gas sector accounts for 30 percent of our GDP and about a half of our budget revenues. So the target is to pare down a dependence on oil and gas to minimum," the Azerbaijani President said. "Since 2004 and up to 2014, Azerbaijan's economy was one of the fastest growing in the world," President Aliyev said. "We were among the countries that received, per capita, one of the biggest direct foreign investments, primarily in the oil and gas sector," President Aliyev said, adding that the main purpose is to attract investors in the non-oil sector. He pointed out that today Azerbaijan gives priority to the diversification of economy and new areas of economic development.

The president emphasized that it is important to develop a transportation network, adding that investments in transportation facilities, including railroads, airports and seaport, can turn Azerbaijan into the transportation hub. "Hopefully this year we will complete the connection of railroads between Azerbaijan, Georgia and Turkey, hence Europe and Asia will have a new transportation route," he said.

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