Baku, Azerbaijan, April 25. The European Union
(EU) is Azerbaijan’s main trade partner, said Azerbaijani Foreign
Minister Jeyhun Bayramov, Trend reports.
Speaking during a press conference today in Baku with the EU
High Representative for Foreign Affairs and Security Policy and
Vice President of the European Commission, Kaja Kallas, Bayramov
noted that Azerbaijan considers the EU its key trade partner.
“The European Union is the Republic of Azerbaijan’s primary
trading partner. By the end of 2024, our trade turnover is expected
to reach approximately 20 billion US dollars. For many years,
Azerbaijan has been a reliable and consistently predictable partner
for the European Union across various sectors, with energy
cooperation standing out as a key area. Azerbaijan has long been a
dependable supplier of crude oil to EU countries. Moreover,
following the completion of the second phase of the Southern Gas
Corridor and the construction of the Trans-Adriatic Pipeline, gas
supplies from the Caspian region to European nations commenced for
the first time at the end of 2020,” he said.
Bayramov also emphasized that, in recent years, particularly
after the start of the war in Ukraine, the volume of gas supplies
to European markets from Azerbaijan has increased significantly,
following requests from European countries.
“Today, Azerbaijan’s gas supply geography includes 12 countries,
with 10 of them being European nations, eight of which are EU
member states. We discussed the existing cooperation in this field
as well as future prospects,” the minister added.
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