British trade envoy for Azerbaijan appointed
The UK prime minister’s new envoy on the development of trade
relations with Azerbaijan, Turkmenistan and Kazakhstan has been
appointed, the UK government reported.
Lord John Jacob Astor, the new envoy, has replaced Charles
Hendry.
The trade turnover between Azerbaijan and the UK decreased twofold,
amounting to $472.07 million in January-November 2015, according to
the Azerbaijani State Customs Committee
Azerbaijan and the UK have benefitted from close bilateral partnership and cooperation since 1992, in the framework of international organizations such as the United Nations, OSCE, Council of Europe, and NATO. The relations have covered a wide range of issues, from high-level political dialogue to growing trade and investment, as well as strengthening cultural and humanitarian ties.
Economic cooperation between the two countries, especially in the energy sector, is at the core of the relations between Azerbaijan and the UK. The UK is the largest foreign direct investor in Azerbaijan, followed by the U.S. and Japan.
Azerbaijan cooperates with the UK in the exploration and transportation of oil and natural gas from the Azerbaijani part of the Caspian Sea.
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