Follow us:
  • Facebook
  • Twitter
  • Google+
  • AppStore
  • RSS
Azernews.Az
Thursday April 15 2021
  • Latest
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel
Home
  • Home
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel

EU remains major trade partner of Azerbaijan

14 May 2019 16:42 (UTC+04:00)
2 468

By Mirsaid Ibrahimzade

European Union (EU) and Azerbaijan cooperate in different fields and energy cooperation, which was launched in 2006, is especially noticeable.

EU is still the main trade partner of Azerbaijan, Foreign Minister Elmar Mammadyarov said at the Eastern Partnership (EaP) Foreign Ministers’ meeting in Brussels on May 13.

He said EU accounts for approximately 42 percent share of Azerbaijan’s foreign trade turnover.

Mammadyarov also stated that EU holds the main place among the biggest investors in Azerbaijan and noted that traditional joint EU-Azerbaijan Business Forum attracts many representatives of EU’s various industries and services sector.

Then, he added that next business forum will be held in Baku on June 13, where EU states will demonstrate Europe’s industry and its business objectives in Azerbaijan.

Mammadyarov noted that realistic consideration of different challenges in the region must be a base for cooperation within the framework of EaP and this is offered by last Eastern Partnership Summit in Brussels in 2017.

The FM emphasized that focus must be made on the benefits and potential value-added for countries, which have various degrees of political and trade cooperation with the EU.

 “We believe that once implemented, those deliverables will have a potential to bring a greater degree of resilience, prosperity, development and connectivity to our region,” he said.

Mammadyarov also stated that discussions on “20 Deliverables for 2020” must be held in equal conditions for partners and tangible results will determine success of this project.

He pointed out that some of those goals are also in line with Azerbaijan’s strategic roadmaps on key sectors.

“Institutional and structural reforms are being continued in order to ensure a sustainable economic development and socio-economic growth in Azerbaijan,” Mammadyarov added.

The minister also said that according to the latest “Doing Business Report”, published by the World Bank, Azerbaijan ranks 25th in the world thanks to the reforms carried out and the improved business climate. Moreover, according to the assessment of Davos World Economic Forum, Azerbaijan is ranked 34th with regard to the quality of growth.

Mammadyarov further noted that the Azerbaijani government keeps on carrying out large-scale programs regarding human rights and highlighted the recently adopted State Program on the Development of Justice in 2019-2023.

The FM also stressed that promotion of regional trade corridors can be provided by the extension of the indicative map of the Trans-European Networks to Azerbaijan and further to Asia.

 “In fact, port and rail administrations, as well as some private logistics companies from Georgia, Ukraine, Poland, Romania, Austria, and Germany are already there with Azerbaijan in some regional trade corridors. That list continues to grow,” he said.

Mammadyarov underlined the interest of Europe in being partner with Azerbaijan in this strategic trade area and added that zerbaijan shares own opportunities and infrastructure with neighbors and the countries in Asia and Europe.

Ttaking into account EU’s various cooperation strategies with some Asian countries, East-West, North-South and some synergies are possible, the FM added.

“Azerbaijan goes beyond its land borders to create more trade dynamic across the wider region, and is doing so despite being a land-locked country. Therefore, we have established credible partnerships with the ports in the Netherlands, Belgium, Italy, and Romania, just to name a few,” he stated.

Mammadyarov also added that Trans-Adriatic Pipeline (TAP) is in the very final stage of construction.

--

Mirsaid Ibrahimzade is AzerNews’ staff journalist, follow him on Twitter: @MirsaidIbrahim1

Follow us on Twitter @AzerNewsAz

 

  • #AZERBAIJAN'S FOREIGN MINISTER ELMAR MAMMADYAROV
  • #EASTERN PARTNERSHIP

Related News

Azerbaijani, EU eye finalizing new bilateral agreement <span class="color_red">[PHOTO]</span>

Azerbaijani, EU eye finalizing new bilateral agreement [PHOTO]

7 July 2020 11:00
Azerbaijani FM talks policy objects for Eastern Partnership

Azerbaijani FM talks policy objects for Eastern Partnership

3 July 2020 10:42
EU commissioner: Visa-free travel may be considered for Azerbaijan

EU commissioner: Visa-free travel may be considered for Azerbaijan

25 June 2020 11:05
Political disaster in Brussels

Political disaster in Brussels

21 June 2020 13:14
Minister: Azerbaijan ready to play critical role in implementing EU strategy <span class="color_red">[PHOTO]</span>

Minister: Azerbaijan ready to play critical role in implementing EU strategy [PHOTO]

16 June 2020 13:47
FM: Armenia undermines Eastern Partnership principles

FM: Armenia undermines Eastern Partnership principles

12 June 2020 14:26
European Council to discuss Eastern Partnership's long-term policy objectives

European Council to discuss Eastern Partnership's long-term policy objectives

10 June 2020 18:44
Council of Europe: Possibility to launch new visa liberalization dialogues with EaP to be considered in due course

Council of Europe: Possibility to launch new visa liberalization dialogues with EaP to be considered in due course

12 May 2020 12:46
EU Commission revises support programs targeting Eastern Partnership countries amid COVID-19

EU Commission revises support programs targeting Eastern Partnership countries amid COVID-19

30 April 2020 10:22
Azerbaijani, Kyrgyz FMs mull bilateral cooperation

Azerbaijani, Kyrgyz FMs mull bilateral cooperation

28 April 2020 18:15
  • Latest
  • Popular
13:59 • National photographer wins distinction merit
13:39 • Aliyev: Azerbaijan focused on confidence-building measures, joint regional projects [UPDATE]
13:18 • UN concludes field mission to Azerbaijan's war-affected regions
13:00 • Armenian PM says about 4,000 soldiers killed in Karabakh war
12:42 • Minsk Group worked ineffectively for 30 years on Karabakh - MP [PHOTO]
12:18 • Azerbaijani boxer beats Armenian rival
12:00 • Azerbaijan opens new military unit in liberated Gubadli
11:33 • National History Museum displays unique exhibits [PHOTO]
11:15 • Baku urges French envoy in Armenia to be responsible in war-related remarks
10:47 • Azerbaijan's religious board launches virtual TV channel in Ramadan
10:15 • More apartments given to war-affected citizens [PHOTO]
09:45 • Azerbaijan's First VP gives instructions in regards to Tunar Bagırov suffering from SMA
09:30 • Heydar Aliyev Palace to expand cultural ties [PHOTO]
14 April 19:15 • Working visit of President of Belarus in Azerbaijan ends [PHOTO]
14 April 18:27 • Turkish Parliament to discuss violations by Armenia during attacks on Azerbaijan
14 April 18:15 • Azerbaijani citizens can visit dozens of countries without visa - Henley&Partners
14 April 18:00 • Ukrainian deputy PM visits Aghdam region [PHOTO]
14 April 17:50 • Hungarian companies may take part in business forum on restoration of Azerbaijan's liberated lands
14 April 17:42 • Baku Military Trophy Park - message for revenge seekers, says Azerbaijani expert [VIDEO]
14 April 17:35 • South wind to blow in Baku
14 April 18:15 • Azerbaijani citizens can visit dozens of countries without visa - Henley&Partners
14 April 15:13 • Aliyev says political ties with Belarus close [UPDATE]
14 April 16:55 • Belarus eyes participation in reconstructing Azerbaijan's liberated lands
14 April 14:35 • Holy month of Ramadan starts in Azerbaijan
14 April 18:27 • Turkish Parliament to discuss violations by Armenia during attacks on Azerbaijan
14 April 17:42 • Baku Military Trophy Park - message for revenge seekers, says Azerbaijani expert [VIDEO]
14 April 15:38 • "Steppe Man" film screened in Moscow
14 April 17:50 • Hungarian companies may take part in business forum on restoration of Azerbaijan's liberated lands
14 April 16:53 • Azerbaijani Central Bank to facilitate growth of countrywide mobile banking
14 April 15:17 • National opera singer to perform in Moscow
14 April 14:50 • Gold, silver prices rebound in Azerbaijan
14 April 17:14 • Azerbaijan, Ukraine discuss full resumption of mutual flights
14 April 16:14 • Azerbaijan needs to ensure efficient online opening of bank accounts - ABA head
14 April 16:30 • Azerbaijan Banks Association seeks to create special mobile banking platforms
14 April 16:41 • Country registers 2,293 new COVID-19 cases
14 April 17:35 • South wind to blow in Baku
14 April 15:54 • Azerbaijani oil prices on the rise
14 April 18:00 • Ukrainian deputy PM visits Aghdam region [PHOTO]
09:45 • Azerbaijan's First VP gives instructions in regards to Tunar Bagırov suffering from SMA
10:47 • Azerbaijan's religious board launches virtual TV channel in Ramadan
See more
AzerNews Newspaper
AzerNews
  • Facebook
  • Twitter
  • Google+
  • RSS

Information

About us Contacts Advertising Azernews In Print

News Archive

© 2021 AzerNews. All rights reserved