In the past 19 years Azerbaijan has been developing as an independent country, and managed to guarantee its significant place in the region and international scene.Azerbaijan has 39 bilateral treaties on the mutual protection of investments and 39 treaties on exemption of double taxation.Azerbaijan, a top reformer in World Bank’s “Doing Business” previous report, ranks 38th now while it jumped to 33 on the list from 97 last year after having completed 7 out of 10 regulatory reforms by which Doing Business ranks countries. Now the country is one of the most rapidly recovering economies in the world.Azerbaijan’s economy has grown by more than 1000% over the last 10 years. It is one of the most effective recoveries among transition economies.Development of such industries as construction gives a huge boost to the packaging industry. Furthermore, the development of the service sector requires continuous improvement of packaging and labels.