Akademik Məlumat İdarəetmə Sistemi
Economic and Social Development, vol.2, no.4, pp.217, 2020 (Conference Book)
The issues of extension of trading relations between Azerbaijan and the EU were analysed in
this article. After the collapse of the former USSR Azerbaijan as an independent country gave
priority to the strategy of building relations with different regions and leading countries of the
world on the basis of national interests. Collaboration with the EU is of special importance for
our country, thus this is a major export market for such important national resources as oil and
gas. The relations with the EU were quite intensified and although they were built in 1991, they
mainly started in 1996. Starting with 2009 the collaboration in the framework of ‘Eastern
Partnership’ Program as well as trading relationswas extended. The share of the EU in the
trade turnover of Azerbaijan is 50 per cent. More than 1500 companies representing different
countries of the EU function in the country. Relations with the European Union were one of the
serious factors in the implementation of transnational energy and transport projects.
Azerbaijan became one of the key energy security partners of the Europe. It strengthens as a
major investor and trading partner of the country. On July 11, 2019 in Brussel Azerbaijan and
the EU agreed on ‘Partnership Priorities’, and at present the relations within the framework
of this document, including trading relations have entered a new stage of development.
Azerbaijan has active trade and economic relations with many countries of the EU such as
Italy, Germany and France. Long years Italy leadsthe export of Azerbaijan, and has close tides
with our country in realization of oil-and-gas projects. Business forums are regularly held with
the countries of the Union and the diversification measures on trading relations are taken.