US Ambassador Robert F. Cekuta at ݮƵ: Areas which can be invested should be shown to investors
Extraordinary and Plenipotentiary Ambassador of the United States to the Republic of Azerbaijan Robert F.Cekuta has visited Azerbaijan State University of Economics (ݮƵ) on May 16.
Meeting with ݮƵ Rector, Professor Adalat Muradov the Ambassador spoke about the current situation with teaching of the English Language in Azerbaijan. Issues of involving instructors from the US in training English at ݮƵ who use the academic mobility as well as the Fulbright Program were also discussed during the meeting.
Afterwards, the Ambassador Robert Cekuta commented the existing situation of the world economy to the undergraduate students of the International School of Economics of ݮƵ. ݮƵ students in turn addressed their questions on economy to Ambassador. Students questions on increasing role of Chinese economy in global economy, changing prices on oil on world market, US-Azerbaijan economic relations and especially direct investments from the US to Azerbaijan were responded.
The Ambassador said though the major developed regions of Chinas economy are located in the eastern part of the country, now it is moving to the west of the country. Speaking about the transformation of the national currency of China Yuan into the world currency Robert Cekuta drawn to the students attention to the national economy become the worlds second largest economy over recent years. He noted that Chinas economy and China factor are no longer possible to ignore in the world economy; currently entering the Yuan into the world economy in a systematic way is happening.
Focusing on changes in oil prices Ambassador Robert F.Cekuta noted in his speech that the decline in the oil price should be viewed in ways. The drop in the oil price of black gold for consumers, of course, is very good. However, the decrease for oil-exporting countries and companies is not a positive thing. Because of the fall in the price of black gold the decline in prices of other products fall, in addition it leads to the reduction of oil companies and ultimately to unemployment. R.Cekuta noted that oil prices have created problems for many countries in the current situation, but we cannot say that for Azerbaijan. The economic situation in Azerbaijan cannot be compared with the situation existing in Venezuela and Nigeria.
The Ambassador also touched on the investment policy of US companies. He said that his countrys companies will continue to take active part in Azerbaijans energy sector in any case. The Ambassador also emphasized the possibility of focusing his countrys businessmen on Azerbaijans tourism and information technologies sector.
ݮƵ students shared their opinions with Ambassador Robert F.Cekuta.