Canadian magazine highlights Azerbaijan's economic accomplishments

The “Diplomat and International Canada” magazine has published an article “Azerbaijan, Georgia, Armenia: East confronts West” by Fen Osler Hampson, Director of the Norman Paterson School of International Affairs, Carleton University, Ottawa.

According to the Azerbaijani embassy to Canada, the article narrates on the successful development of oil-rich Azerbaijan in the South Caucasus region.

The Canadian author says Azerbaijan has a Muslim-majority population and is one of the most moderate Muslim countries in the world.

“Azerbaijan has enjoyed double digit levels of economic growth in recent years, notwithstanding the global economic recession, because of its booming oil exports, which also have contributed to construction, banking, transportation and real estate,” the article says.

“Much of Azerbaijan`s oil is exported through the Baku-Tbilisi-Ceyhan oil pipeline, which crosses the territories of Georgia and Turkey, where it is shipped by tankers to points westwards. Plans are afoot to boost Azerbaijan`s natural gas production with the discovery of reservoirs deep underneath the Caspian Sea”.

Hampson claims Armenia paid a high economic price for its ongoing conflict with Azerbaijan.

Following Armenia`s invasion of Nagorno-Karabakh in 1994, Turkey closed its border with Armenia. According to him, Armenian diaspora is seen by many to be an obstacle to the resolution of the Nagorno-Karabakh dispute.


/AzerTAc/