EU largest trade partner, investor for Azerbaijan
The EU and Azerbaijan have already signed a joint declaration on
migration and mobility, and this is a sign of great attention by
the EU towards cooperation with Azerbaijan in this sphere, Malena
Mard, head of the EU Delegation in Azerbaijan, told reporters in
Baku April 14.
Visa facilitation agreement that has been implemented more than a
year ago shows that there is a willing from the EU side and
Azerbaijan to facilitate and see more movement between kinds of
groups, be that tourists or business people, she said.
The EU is the largest trade partner and investor for Azerbaijan, Mard said.
The EU hopes to organize a business forum in Baku May 17-18, which will be important to figure out what else can be done to increase trade and investment between the union and Azerbaijan, according to Mard.
According to the State Customs Committee of Azerbaijan, in 2015, the country's trade turnover with the EU amounted to $9.69 billion, which is 1.5 times less than in 2014. The share of the EU countries accounts for 31.9 percent and 59.1 percent of Azerbaijani imports and exports, respectively.
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