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Sustainable Development and Corporate Impact

PurposeAcknowledging a changing world, the Sustainable Development and Corporate Impact Committee seeks to find and promote the appropriate balance between the economic, environmental and social aspects of the business community to ensure sustainability for current and future generations. More and more businesses wish to incorporate sustainable practices in their day-to-day operations. The Sustainable Development and Corporate Impact Committee aims to assist these businesses with education, support and recognition through workshops and other initiatives. Responsibilities The main mission of the Sustainable Development and Corporate Impact Committee is to be at the forefront of driving long-term sustainable value for our members and the business community by encouraging the development of sustainability initiatives and programs and supporting their implementation. The Committee serves as a platform to further support and enhance sustainable business practices. Activities of the Committee fall into the following categories: •    Organizing events such as breakfasts or lunches with sustainability experts•    Lobbying for more sustainable business practices in Azerbaijan and beyond•    Engaging the business community to be proactive in the change towards a more sustainable society •    Conducting capacity-building initiatives such as workshops and seminars with a sustainability focus •    Creating partnership opportunities and synergies among AmCham members Powered by Froala Editor

Legal & Compliance

Legal & Compliance Committee was formed as a working group in 2017 to address legal and compliance issues faced by AmCham member companies operating in the Republic of Azerbaijan. The working group gained committee status in 2018.AmCham Legal and Compliance Committee focuses on the analysis of legislative and compliance issues influencing the investment climate in Azerbaijan. Input to AmCham White Paper is one of the main activities of the Committee. Leveraging the expertise of lawyers, economists and business leaders the Committee provides a ground for constructive discussion of issues affecting the investment attractiveness in Azerbaijan. Committee also provide strategic guidance and recommendations to the Board of Directors on the Chamber’s communication with regulatory authorities, law makers and government. Review and monitor the Chamber’s compliance and risk management activities and the effectiveness of any compliance and risk management programs established by the Chamber is another focus of the Committee. Powered by Froala Editor

Procurement

The Working Group on Procurement was established at the end of 2018.  In 2019, the WG held a number of memorable events with participation of foreign procurement experts and local top managers. During 2019, WG formed a group of professionals with a passion for procurement and a desire to positively change the procurement environment in the country. The result of this work was a position paper with a set of proposals aimed to improve public sector procurement. In 2020, the WG was transferred to the status of a Committee and the committee's mission is to help the business community and the public sector to improve procurement processes, to educate and promote best practices and transparency in procurement processes and share successful stories within the Amcham community.Powered by Froala Editor

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Some Facts about AmCham Azerbaijan

The American Chamber of Commerce in Azerbaijan is a leading private, non-profit business association supporting and promoting the interests of foreign and local businesses in Azerbaijan. Established in 1996, AmCham is composed of over 260 Regular and Associate Member Companies active in every sector of the Azerbaijani economy. AmCham Azerbaijan represents nearly 80% of all foreign investment, as well as a significant portion of local investment, in Azerbaijan. Through its 9 industry sector committees, Member Companies are able to share information, raise issues of common concern and propose possible solutions. Being one of the largest and the most influential organizations in the country AmCham provides the best networking opportunities. Other membership benefits include access to the data on the latest tendencies in the market (through such information resources as AmCham White Papers, AmCham Annual Reports, IMPACT Azerbaijan Quarterly Magazines, Annual National Employee Salary Surveys, Quarterly Inflation Surveys); Member-to-Member Discount Program offers; U.S. Business Visa Facilitation Program benefits, etc.

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There are two types of AmCham affiliation: MEMBERS and ASSOCIATES with annual fees applied

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Important highlights from AmCham Events
8 January 2021

Online meeting was held between leadership of AmCham Azerbaijan and the Ministry of Labor and Social Protection of Population

On January 8th, online meeting was held between the leadership of the American Chamber of Commerce in Azerbaijan (AmCham Azerbaijan) and the Ministry of Labor and Social Protection of Population of the Republic of Azerbaijan on social support for the families of martyrs and war-wounded, as well as potential cooperation in this area.President of AmCham Azerbaijan, Nuran Kerimov welcomed the participants with an opening speech. He stressed the significance of such events in continuation of a dialogue between the public and private sector. Mr. Kerimov noted that AmCham Azerbaijan, as part of its corporate social responsibility policy, pays special attention to improvement of social security of the families of martyrs and war-wounded. He also said that the member companies of the Chamber have been constantly making contribution in this direction.Deputy Minister of Labor and Social Protection of Population, Anar Karimov noted that such event has been a beneficial platform for the exchange of views on the cooperation opportunities between government and business representatives. He also briefed the participants on the projects currently being implemented by the Ministry in this direction and the measures taken to improve the social security of the families of martyrs and war-wounded. Mr. Karimov noted that this initiative of AmCham Azerbaijan is highly commendable and the Ministry is ready to continue cooperation with the Chamber.Chairman of the Board of the State Employment Agency Mustafa Abbasbayli, Chairman of the Board of the DOST Agency Farid Mammadov and other senior officials of the Ministry also made speeches at the meeting. During the meeting, questions and recommendations also were expressed by the representatives of the Chamber. At the end, the parties agreed to hold joint events on providing social support to the families of martyrs and war-wounded, as well as ensuring their employment.AmCham Azerbaijan is a leading private, non-profit business association supporting and promoting the interests of foreign and local businesses in Azerbaijan. Established in 1996, the Chamber is composed of over 260 member companies active in every sector of the Azerbaijani economy. AmCham Azerbaijan represents nearly 80% of all foreign investment, as well as a significant portion of local investment, in Azerbaijan.Powered by Froala Editor

15 December 2020

AmCham Azerbaijan pledges support to Government of the Azerbaijan Republic

The American Chamber of Commerce in Azerbaijan (“AmCham Azerbaijan”) pledges its full Support to the Government of Azerbaijan (“Government”) in post-war recovery period.As a largest business association in Azerbaijan uniting 260 members we stand ready to support the Government’s efforts in rehabilitation and development of the liberated territories and are willing to make our contribution. We will be working closely with the Government, wide local and foreign business community as well as other interested parties on finding and implementing sustainable policy and implementation solutions to this most important goal of our country. AmCham Azerbaijan also strongly welcomes the establishment of “YASHAT” Fund by the President Ilham Aliyev  and is ready to provide all necessary assistance and support to it. The Chamber pays tribute to all heroes who sacrificed their lives and health for the country and calls on all its members to show necessary moral and financial support to the impacted families.Powered by Froala Editor

12 December 2020

Support to the war-wounded and families of martyrs of the 44-day Patriotic War

During last two months our hearts have been beating with the Glorious Azerbaijani Army fighting against Armenian aggression for restoring the justice and obliging Armenia to peace.We once again congratulate all of you and the people of Azerbaijan on the brilliant Victory achieved as a result of the 44-day liberation campaign. AmCham extends its deepest condolences to the families of military servicemen who died heroically for the Victory and to the families of civilians who lost their lives a result of war crimes and terrorism perpetrated by Armenia.As you may already know, on December 8, 2020, the President Ilham Aliyev signed Order on establishment of “YASHAT” Fund in order to support the war-wounded and families of martyrs who protected the territorial integrity of the Republic of Azerbaijan. Under the presidential order, the Fund’s resources shall be formed through voluntary financial assistance (donations) provided by citizens of the Republic of Azerbaijan, Azerbaijanis living abroad, other individuals and legal entities, as well as other sources not prohibited by law.As AmCham, we applaud this initiative and support the establishment of the Fund. Staying committed to the last two years’ decision of the Chamber on changing the policy on delivery of traditional corporate gifts at the end of each year, we encourage all our members to donate holiday gift budgets to the “YASHAT” Fund.We once again pay tribute to all our heroes who sacrificed their lives and health for making our life better!Powered by Froala Editor

3 November 2020

The American Chamber of Commerce in Azerbaijan unequivocally supports the territorial integrity of Azerbaijan.

As the largest and the oldest business association of the country, we reprehend business activities conducted in the occupied territories of Azerbaijan as well as any financial or other support to the illegal separatist regime in Karabakh.We strongly condemn all individuals and companies engaged in such illegal activities. We also note that any direct or indirect business relations with the organizations engaged in illegal activities on the occupied territories of Azerbaijan is unacceptable.We would like to remind members that individuals and companies engaged in such business practices in the Nagorno-Karabakh region and other occupied territories of Azerbaijan are legally liable for breaching Azerbaijan’s territorial integrity and sovereignty, national and international laws.We call on every individual and company to comply with Azerbaijan’s applicable laws and principles of the international law, and to respect the territorial integrity and sovereignty of the Republic of Azerbaijan.Powered by Froala Editor

9 October 2020

Joint Statement of the Business Community of Azerbaijan

The American Chamber of Commerce in Azerbaijan (AmCham), The British Business Group in Azerbaijan (BBG), The Azerbaijan-France Chamber of Commerce and Industry (CCIAF), The Italy-Azerbaijan Chamber of Commerce (ITAZERCOM) and The Israel-Azerbaijan Chamber of Commerce and Industry (IACCI) jointly express their support to the Azerbaijani Nation.We condemn all military actions by the Republic of Armenia towards the Republic of Azerbaijan including recent and ongoing attacks targeting civilians and critical infrastructure outside the conflict zone. We extend our condolences to those who have suffered as a result of the hostilities and we wish everyone to stay safe.We unequivocally support the territorial integrity of Azerbaijan and call for resolution of the conflict within the framework of international law and in line with the UN Security Council Resolutions 822, 853, 874 and 884, which demand immediate, complete and unconditional withdrawal of all Armenian forces from all the occupied territories of the Republic of Azerbaijan.The liberation of several territories in the past week from the occupation gives hope for the first time in 30 years that more than one million Azerbaijani refugees and internally displaced people may  return to their homes and enjoy a sustainable peace in a stabilized region.Powered by Froala Editor

5 October 2020

AmCham Azerbaijan supports territorial integrity of Azerbaijan

The American Chamber of Commerce in Azerbaijan (AmCham) is deeply concerned with the events developing in the Nagorno-Karabakh region and other areas of Azerbaijan. AmCham Azerbaijan strongly condemns all attacks on Azerbaijan, especially recent large-scale shelling of civilian population and strategic infrastructure facilities carried out from  the territory of Armenia.AmCham Azerbaijan unequivocally supports the territorial integrity of Azerbaijan and calls for the resolution of the conflict within the framework of international law and in line with the UN Security Council Resolutions 822, 853, 874 and 884 which demand immediate, complete and unconditional withdrawal of all the occupying  forces from the occupied territories of the Republic of Azerbaijan.The liberation of several occupied territories in the past week from the Armenian occupation gives hope, first time in 30 years, for more than one million of Azerbaijani refugees and internally displaced people to return to their homes and sustainable peace and stability in the region.Powered by Froala Editor

26 August 2020

AmCham Webinar on Economic Implications of the Armenia-Azerbaijan conflict

On August 26, 2020, AmCham Azerbaijan organized a webinar for its members on “Economic Implications of the Armenia-Azerbaijan conflict”. The webinar was conducted by our guest speaker, Dr. Farid Shafiyev, Chairman of the Board of the Center for Analysis of International Relations.Mr. Shafiyev shared both political and economic perspectives on the topic. He also briefed the participants on negative economic impacts of the conflict on Azerbaijan and on the whole region. It was also noted that the conflict creates big threat to the security and stability in the region which also affects business and investment climate too.The webinar was concluded with the Q&A session.Powered by Froala Editor

4 June 2020

Meeting with the Minister of Labour and Social Protection of Population, Mr. Sahil Babayev

Along with the protection of employment, one of the positive socio-economic factors was the fact that the growth rate in employment contracts continued, even during the pandemic, and the vast majority of this growth was in the private sector. At the same time, it shows the important role of entrepreneurs in accelerating the transition from informal to formal employment in the country, and therefore there are high expectations from them in this area.This was stated by Minister of Labor and Social Protection Sahil Babayev at a webinar with members of the American Chamber of Commerce in Azerbaijan ("AmCham Azerbaijan").President of AmCham Azerbaijan Nuran Karimov said that the Chamber is following the social reforms with interest. He said such meetings provided an opportunity for the ministry and the private sector to exchange views and information on labor market reforms.Babayev stressed that the state consistently supports the development of entrepreneurship in all areas as one of the priorities of President Ilham Aliyev's successful socio-economic development strategy. As a positive result, the role of the private sector in the national economy is growing.Noting the measures to support employment and social welfare during the pandemic, Babayev said that a total of 4.8 million people or 48 percent of the population were covered by these measures, and entrepreneurs were provided with state support.He noted that at the same time, a successful experience was formed in our country in the protection of employment, as well as the close participation of entrepreneurs in social actions related to vulnerable groups, support for public policy, solidarity from the position of social responsibility. From this position, entrepreneurs, including companies that are members of AmCham Azerbaijan, can make a more active contribution in the future in the process of preventing informal employment and further reducing the shadow economy.Speaking about measures to combat informal employment, Babayev said that in addition to taking measures in this area, effective mechanisms are applied to stimulate the transition to formal employment. Raising the minimum wage, a number of tax incentives, simplification of tax procedures, support for entrepreneurs during the pandemic, as well as another socio-economic support these days, reduction of mandatory state social insurance rates, etc. are visual examples of this.The Minister noted that the functional capabilities of the "Employment Contract Notification" subsystem have been increased, and important information and warnings for employers have been placed in the subsystem. He stressed the importance of the "Employment" subsystem for employers, and recommended that AmCham Azerbaijan member companies make the most of these innovative opportunities to meet the needs of the workforce.Noting the reforms in the field of labor and employment, Babayev said that the reforms pay special attention to cooperation with entrepreneurs based on social dialogue, and this factor is important for achieving goals in the development of the labor market in general.The members of the Chamber were also informed about the new issues arising in the labor market, the work carried out to improve the labor legislation in connection with the new forms and approaches to labor relations, the proposed amendments to the Labor Code.US Ambassador to Azerbaijan Lee Litzenberger praised the work done in Azerbaijan in the fight against the pandemic, protection of public health, measures to support the economy and social welfare during the pandemic. He praised the state's support for entrepreneurship in our country, as well as the importance of cooperation with entrepreneurs and social dialogue in the reforms in the field of labor and employment.Members of the Chamber stressed the importance of such meetings. The meeting continued with an exchange of views on reforms in the field of labor and employment, improvement of labor legislation, expressed views and suggestions. The Minister answered the questions of the members of the Chamber.Powered by Froala Editor

21 May 2020

Meeting with Minister of Economy of the Republic of Azerbaijan, Mr. Mikayil Jabbarov

Within the framework of the meeting, held in the form of a video conference jointly organized by the Azerbaijan Export and Investment Promotion Fund (AZPROMO) and the American Chamber of Commerce in Azerbaijan (“AmCham” Azerbaijan), the Minister of Economy Mikail Jabbarov gave detailed information about the favorable business and investment environment created as a result of systematic and consistent reforms carried out in Azerbaijan under the leadership of President Ilham Aliyev and shared information on the work done to attract foreign investment. Mikail Jabbarov noted that this event has become a favorable platform for the exchange of views on the prospects for developing business relations, and also noted the efficiency of “AmCham Azerbaijan” activity in developing economic partnership between our countries. Speaking about economic cooperation with the United States, the minister said that Azerbaijan is interested in developing trade and economic relations with the United States, and important steps are being taken to expand this cooperation. It was noted that 257 US companies operate in various sectors of the economy of Azerbaijan, including industry, agriculture, construction, customer services and others. Our countries also successfully cooperate in the field of investment. The volume of US investments in Azerbaijan in the oil and gas sector of the economy amounted to $ 12.8 billion, reaching a total of $ 14 billion. Thus, the United States is the second largest investor in Azerbaijan. Touching upon the new Law of the Azerbaijan Republic “On Investment Activity” which was developed taking into account the experience of foreign countries, current trends in investments and the practice of investment agreements, as well as the views of experts from the International Finance Corporation, the Minister of Economy noted that “AmCham Azerbaijan” also made a significant contribution to this process. Commenting on the negative effects of the coronavirus pandemic (COVID-19) on the economy, Mikayil Jabbarov noted that our people demonstrated unity and solidarity with the state in the fight against the spread of infection. The minister noted that the Azerbaijani government promptly responded to the pandemic and the global crisis and took urgent and systematic measures to maintain economic and macroeconomic stability. It was noted that in addition to steps taken to protect human health, according to the approved Action Plan on reducing the negative impact of the coronavirus (COVID-19) pandemic, measures are being taken to provide financial support to affected entrepreneurs and employees, protect jobs and strengthen social protection of the population. One of the main goals for the post-pandemic period is the introduction of a new model of economic growth. The development of the construction, mining, petrochemical industry, digital economy, transportation, trade and logistics, telecommunications, agriculture and processing industry, as well as tourism are one of the priority areas in Azerbaijan. The Minister of Economics invited US companies to consider investment opportunities in these areas. Along with these measures, Azerbaijan plans to expand the mechanisms of public-private partnership on a number of projects, including infrastructure, which can create favorable conditions for expanding relations with investors. Mikayil Jabbarov also mentioned that the digitalization of the economy in Azerbaijan has been set as a long-term goal. In this regard, the Minister pointed out that the creation of a branch of the Davos World Economic Forum's Fourth Industrial Revolution Center in Azerbaijan is of particular importance and emphasized the willingness of Azerbaijan to cooperate with the United States in creating a digital economy. Stating that his country attaches great importance to the development of relations with Azerbaijan, the US ambassador to Azerbaijan, Lee Litzenberger, noted the successful economic policy of Azerbaijan, the significance of reforms to further improve the business and investment climate, and the country's attractive tourism resources. He also shared his thoughts on the issues of combating the pandemic and expanding cooperation in various areas of the economy. Issues of business interests were discussed during the meeting and the participants answered the relevant questions.Powered by Froala Editor

18 February 2020

AmCham President at Joint Event organized by SME Agency and the Local Mission of the USAID.

On February 18, 2020, a partnership event to support business and professional associations in Azerbaijan was held in Baku, jointly organized by Azerbaijan’s Agency for the Development of Small and Medium-sized Enterprises (SME Agency) and the local mission of the United States Agency for International Development (USAID). The goal of the initiative is to develop partnership on joint tasks between the public, private sectors and civil society, as well as to focus on organizing business partnership, as well as on the activities of business associations in this direction.The event was attended by representatives of government agencies, international organizations, business associations and civil society institutions. President of the American Chamber of Commerce in Azerbaijan (AmCham Azerbaijan) Mr. Nuran Kerimov also delievered a speech in opening session of the event.Mr. Kerimov expressed his gratitude to USAID and the SME Agency for organization of the conference and stated that AmCham Azerbaijan is always ready to support such important initiatives. He stressed that, the initiative will encourage the creation of a consortium among business entities, public unions, business associations and NGOs which also will lead to development of public-private dialogue too.He said that AmCham is the oldest and the biggest associations represented in Azerbaijan with nearly 300 members. He also informed that Azerbaijani government accepts big number of proposals from AmCham’s White Paper document which is the biggest policy paper of the Chamber publish in every two years. “If young businessmen want to create any associations, we invite them to cooperate. We can share our experience and we’re not competing here, but serving the same purpose,” Mr. Kerimov noted.AmCham President also emphasized that the Chamber is closely cooperating with other business associations operating in the country and looking forward to new and fruitful cooperation opportunities.Powered by Froala Editor