Foreign trade is expected to play an important role in the development process, as the share of total exports in GDP is expected to increase because of expanding non-oil exports. Furthermore, development efforts in the industrial sector are expected to accelerate import substitution and increase Saudi petrochemical exports in the late 1990s.

State Department developed the concepts and the program that still underlie the U.S. Statements in this announcement other than historical data and information constitute forward looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, but are not limited to, recent changes in senior management, the successful integration of recent and future acquisitions, fluctuations in operating results, failure to successfully carry out our Internet strategy or to grow our Internet revenue, effects of leverage, changes in technology and increased competition.

Changes may also be in the offing for oil transportation routes, a critical aspect of energy-rich Azerbaijan’s relations with Russia. Since 1996, the Baku-Novorossiysk agreement with Russia has been renewed on an annual basis. Change starts from the bottom and goes up.

Income taxes are collected in order for one’s economy to prosper. However, with lapses on the income reporting on both sides of these countries, there might be possibilities that one will tax the already levied commodities and the other does the same. Income changes are calculated after taking account of changes over time in the price level and changes in the size of families in different parts of the income distribution. During 1969-79, Americans in all quintiles made income gains, though people in the lowest income quintile made the smallest percentage gains.

Imports maintained a growth rate of over 40% in the first four months of 2004. Steel, cement, real estate and aluminum industries have all experienced a much-needed cooling down. Importing better and cheaper goods has always affected inefficient producers and brought pains. Consumers won, economies grew, but inefficient industries lost. Imports from EU countries have the largest share in this group. Their share in total imports was 47.2% with a value of $16.9 billion.

Import from countries other than CIS countries went up by 29.4 percent. The share of CIS countries in the total Belarusian import was 72.2 percent; Russian goods covered 68.2 percent of the imported goods. Imports are supposed to be paid for by increased export earnings and short-term credits, neither of which has occurred. The oil shock of late 1973 and the onset of the recession and worldwide stagflation also took their toll. Imports will grossly exceed exports and there may be a run on the currency, leading to inflation and increased unemployment.