Analysis of Azerbaijani President Ilham Aliyev’ meeting with President of the European Commission

On 18 July 2022, a meeting was organized between Azerbaijan’s President and the President of the European Commission. The two Presidents signed a “Memorandum of Understanding on a Strategic Partnership in the field of energy”. This commitment doubles the capacity of gas at least 20 million cubic meters of gas for the EU annually by 2027. I believe the meeting is the most significant for their future investments and bilateral harmonies and generates progressive development goals and stable connections for energy transmission. EU is the major trading partner of Azerbaijan and a series of upcoming projects enhance trade cooperation among partner countries. Both partners progressively work in a variety of sectors including economic diversification, investment, trade, and integrated civil society. The undertaken initiative brings economic stability & sustainable growth to Azerbaijan.

We highly appreciate cordial emerging ties between the EU and Azerbaijan. This accelerates the South Caucasus economy by participating in countless sectors of cooperation. Friendly ties between Azerbaijan and the European Union will set opportunities for regional development both parties deliver their best for future stability and sustainable growth.

Source: Azerbaijan State News Agency