Oil Rich Azerbaijan Considers Investments in Asia, Latin America

From Bloomberg

By Zulfugar Agayev

President Ilham Aliyev said Azerbaijan, an energy-rich former Soviet nation, is considering investing in Asian and Latin American markets given its close political ties with countries in each region.

“Our relations with Asian countries are developing very successfully, based on mutual respect and non-interference in each other’s affairs,” Aliyev said in comments published on his website today. “Asia and Latin America look attractive in terms of diversifying our investment portfolio.”

Western nations and rights watchdogs based in the U.S. and the European Union have criticized the state of human rights and freedoms in Azerbaijan, urging the Aliyev government to carry out democratic reforms.

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