Ilham Aliyev: Azerbaijan has co-op format of strategic partnership with 11 EU members

Ilham Aliyev: Azerbaijan has co-op format of strategic partnership with 11 EU members

Baku, Azerbaijan, July 18


Azerbaijan has a format of cooperation of strategic partnership with 11 member countries of EU, said the country’s President Ilham Aliyev while addressing the Latvia-Azerbaijan Business Forum in Riga.

“First of all, I would like to once again express my gratitude to Mr. President of Latvia for invitation to visit your beautiful country. My visit is a very important step in the development of our bilateral relations. Starting from today Latvia and Azerbaijan are considered to be strategic partners. Today we signed a Joint Declaration on strategic partnership between our countries. This is a very high level of cooperation, and the Declaration covers many areas, including economic and trade cooperation,” said President Aliyev.

“Part of our discussions with the President, Prime Minister and the Speaker of the Parliament was devoted to our trade and economic cooperation. There is a big potential. Mr. President already mentioned the areas of great importance where we can easily increase our trade turnover. I think that for the coming years the increase of the trade turnover will be one of the priorities,” noted the Azerbaijani president.

The head of state also touched upon the business contracts signed during the business forum.

“These contracts will actually reflect what we discussed with Mr President this morning. Taking into account that our climatic conditions are different, our economies are not competing economies. They are actually economies, which can provide each other with different kinds of goods. We have good opportunities to increase our export to Latvia and to increase import from Latvia. We import mainly what you produce and export, and you import what we produce and export. It’s a matter of business groups coordinated by the intergovernmental commission to work on concrete projects in order to increase the trade turnover,” said President Aliyev.

“Another important area of our economic cooperation could be mutual investments. Here we come to a very important point. There is a need to have more information because in order to have a good investment portfolio we have all the basic prerequisites, which are strong political ties. Business is very sensitive. Businessmen usually invest in a friendly environment. Therefore, strong political and friendly ties between our countries make this very attractive for investments. Now we need to identify the areas of potential investments and to coordinate the plans of business groups with the local demands. I think it will be easy to be done, taking into account this big audience. I am sure that today many new business contacts will be established,” added the Azerbaijani president.

President Aliyev once again invited Latvian companies to come to work in Azerbaijan as contractors.

“There have been several Latvian companies which implemented different projects in Azerbaijan. These were very successful projects implemented on a high level. Therefore, your companies have good expertise, reputation and professional level. We in Azerbaijan implement many important infrastructure projects, which can be interesting for your companies. In general, investment climate in Azerbaijan is very positive. During the last twenty years more than $200 billion have been invested in Azerbaijan. Our economy is competitive. According to Davos World Economic Forum, Azerbaijan’s economy is number 37 with respect to competitiveness index. The country is politically, economically stable,” said the head of state.

“A lot of infrastructure projects are being implemented and many companies from Europe and other parts of the world are our partners in implementation of these projects. Azerbaijan’s economic agenda is now aimed at diversification of economy in order to reduce the dependence on energy factor. And it is already happening. Now, the biggest part of GDP is created in non-energy sector. We managed to increase this year our non-energy export more than 27 percent, and reduce import 50 percent,” noted the president.

He went on to say that Azerbaijan has substantial financial resources, which makes economy very stable and predictable, and financial resources are bigger than the foreign debt by five times.

“Therefore, our country is friendly to Latvia, to Europe with a lot of business connections with European countries. Today this declaration on strategic partnership is actually the 11th of its kind. With 11 member countries of EU Azerbaijan has a format of cooperation of strategic partnership. We today largely discussed opportunities, which will be created by implementation of the mega project, which is North-South transportation network. It will not only generate jobs during the implementation of the construction, but also will largely increase the volume of cargos going from South to North and North to South and crossing our territories. We will earn a lot of benefits from becoming more important countries for transit. Of course, it creates big opportunities for business companies,” said President Aliyev.

“Another important project, which Azerbaijan implements now and which is directly aimed at the European interests and also, of course, our interests, is a project of energy diversification, Southern Gas Corridor. This is now probably the biggest infrastructure project, which is being implemented in Europe. The total cost of the project is 40 billion dollars, which will bring Azerbaijani gas to the market of European Union with the new route, with the new source. This is real diversification because diversification of energy is not only routes, it’s mainly sources. This is a case in our project. Energy security, as we all know, is vital for every country. Therefore, a lot of projects, which we implement in Azerbaijan, go beyond the boundaries of our country,” added the Azerbaijani president.

“With Latvia we have such a strong format of cooperation that it will be natural to engage in a broader partnership. We also discussed today a very important issue for business, for tourists, for people-to-people contacts. It is a year-round direct flight connection between Riga and Baku. Now we have seasonal flight, and we want to have it permanent. That, of course, will create additional opportunities. If representatives of business communities fly often to visit each other that will make this route also commercially very attractive. So, it will not only open by the decision of the leadership, but it will be also commercially justified,” said President Aliyev.

“The last point, which I would also like to draw your attention to, is tourism. Our climate and the climatic and weather conditions also are different, which, I think, is an advantage because our people probably would prefer to cool a little bit themselves in hot summer and Latvians would probably prefer to have more sun in winter and other seasons. Therefore, for tourism it’s a huge opportunity to invest and for tourist companies to consider our destinations as very attractive. But for that, of course, we need to have more contacts, we need to know each other better, to have more presentations, more forums like that. That will strengthen our relations. All that we are doing is aimed at strengthening relations between Latvia and Azerbaijan. My today’s visit is an important contribution to that. Thank you very much,” concluded the Azerbaijani president.

Russian shipbuilding corporation plans to start construction of ships in Turkmenistan
Russian shipbuilding corporation plans to start construction of ships in Turkmenistan
Uzbekistan boosts grape exports to Russia in September
Uzbekistan boosts grape exports to Russia in September
Uzbekistan, Afghanistan buy aviation kerosene on Turkmen exchange
Uzbekistan, Afghanistan buy aviation kerosene on Turkmen exchange
Loading Bars
Kazakhstan reports 678 new coronavirus cases, total at 126,860
Georgia talks about funds mobilized as result of privatization
Trump authorizes administration to begin transfer of power to Biden
UK records another 15,450 coronavirus cases with 206 deaths
U.S. agency tells Biden he can formally begin transition
Uzbek bank funds creation of greenhouse in Uzbekistan’s Zangiata district
NATO, EU invite Biden to rebuild transatlantic ties
Turkey reports 6,713 new COVID-19 cases, 453,535 in total
Israeli airline El Al announces direct flight route to UAE
China launches Chang'e-5 to collect, return moon samples
UN working on deploying mine clearance mission to Nagorno-Karabakh
UN says US’ decision to withdraw from Open Skies Treaty is regrettable
Number of COVID-2019 cases across globe up by over 542,000 in past day
Uzbek-Chinese construction enterprise eyes increasing production
Demand for Turkish steel growing on Turkmen construction market
Total 10M2020 capital of Turkey-registered Azerbaijani companies revealed
Azerbaijan’s Baku Metro opens tender to buy equipment
Iran exports to CIS hit $692mn in six months: TPO
Flag of Azerbaijan raised at former secondary school of Gulabli village in Aghdam (PHOTO/VIDEO)
Teimur Radjabov defeats Levon Aronian at Skilling Open tournament
Ukrainian president retests negative for COVID-19
Turkey summons EU, Germany, Italy envoys after interception of Libya-bound commercial vessel
President Ilham Aliyev raises Azerbaijani flag in Aghdam city (PHOTO)
Georgian gov't administration head Natia Mezvrishvili resigns
EU promises 217 mln USD to debt relief for 29 poorest countries
It is time to rebuild, heal and revive Azerbaijani Fuzuli city - Algerian Ambassador (PHOTO)
President Ilham Aliyev and first lady Mehriban Aliyeva visit liberated from occupation Aghdam city (PHOTO)
Meeting with the leadership of the Interstate Television and Radio Company “Mir”
Turkmenistan participates to the 2020 Afghanistan Conference
Mine explosion in Karabakh injures Russian officer on search mission
Azerbaijan's Culture Ministry urges French cultural figures to be honest and impartial
Baku Metro, Almetcon LLC sign contract on installation of aluminum windows
Georgian Poti Free Industrial Zone talks about ongoing projects
Azerbaijan expects growth of pomegranate yield
Iranian Energy Exchange announces products to be on sale November 24
Azerbaijani First VP Mehriban Aliyeva shares footage from Aghdam (VIDEO)
Growth of monetary aggregates observed in 9M2020 - Central Bank of Azerbaijan
Iran preparing to use water reservoir on Araz River on border with Azerbaijan
Main source of self-financing for Tbilisi City Hall to be tax revenues
Azerbaijan to make amendments to e-mortgage & loan guarantee system
Lufthansa to resume flights to Iran
Azerbaijan investigating criminal case against Armenian ex-minister
CoE approves trilateral declaration to end all hostilities between Armenia and Azerbaijan
Goods stuck in Iran customs exceed 550,000 tons
Iran claims its COVID-19 death toll to decrease next month
Iran’s Bahar Azadi gold coin price starts to rise
Uzbek currency rates for November 23
Turkmen Ministry of Construction extends tender for construction of checkpoints
Iran reveals investments for Markazi Province
Azerbaijani consumers prefer to buy car on credit - expert
Kazakhstan to establish facilities around big plants in Kyzylorda region
Azerbaijan to initially organize educational tourism in liberated districts - state agency
Expert explains Iran's current limits with its oil, oil product exports, revenues
Iran-Afghanistan, Khaf-Herat railway to open soon
Kazakhstan decreases exports to Netherlands amid COVID-19
Georgian Tskali Margebeli company may increase prices of products
Uzbek commodity exchange trading floor opened in Ukraine
Innovative Technology Park in Uzbekistan starts developing robots production
Azerbaijani mortgage fund issues regular bond interests
Prices of old apartments decline in Georgia
Azerbaijan confirms 634 more COVID-19 recoveries
Turkmenistan's Turkmentehnogurlusyk opens tender for audit
Turkey announces commissioning date for logistics center in Kars province
Iranian tourists reduce visits to Turkey amid COVID-19 pandemic
Azerbaijani organizations to benefit from Visa's updated Fast Track program
Azerbaijan discloses revenues from passenger, cargo transportations via TRACECA
Toyota leads re-exported vehicle brand from Georgia
Iran to launch Bostanabad-Tabriz railway line
Kazakhstan increases imports from France despite COVID-19
Transportation of Caspian oil via Baku-Supsa pipeline increases
Tbilisi’s residential property sales marginally down in October
Kazakhstan and Turkmenistan holding negotiations on possible gas supplies
Kazakhstan to build desalination plants in Mangystau region
Iran to allocate funds for the rehabilitation of Anzali Wetland
Iran to distribute domestic COVID-19 vaccine by summer of 2021
Netanyahu met Saudi crown prince, Pompeo in Saudi Arabia on Sunday
Citizens of Russia and Ukraine will be able to return from Azerbaijan to their homeland
Lithuanian - Turkmen cooperation not affected by COVID-19
Rompetrol opens its flagship station in Georgian Borjomi
Lithuania interested in developing co-op with Turkmenistan in transport sector
Azerbaijan’s AzerGold to pay investor fee on placement of second tranche of bonds
Iran discloses number of licenses issued in Mazandaran Province
Fitch Ratings forecasts growing share of problem loans in Azerbaijan
Deputy minister talks tree-planting campaigns in liberated lands of Azerbaijan
Azerbaijan boosts import of cars in 10M2020
Azerbaijan strengthens preventive measures related to coronavirus in justice system – Justice Ministry
Death toll from coronavirus pandemic in Iran surpasses 45,000
Gold, copper ores output decreases in volume in Kazakhstan
Iran eyes to link Persian Gulf with Caspian Sea via railway
Kazakhstan's revenue from maritime cargo transport increases
Azerbaijan aims to put Armenian ex-defense minister on int'l wanted list
Azerbaijan establishes Nagorno-Karabakh Regional Department of Justice Ministry
Uzbek-Korean JV announces tender for transport services
Russian shipbuilding corporation plans to start construction of ships in Turkmenistan
Iran reveals forecast on employment for Lorestan province
Ambassador Manig: Germany will strengthen Council of Europe by focusing on initiatives enabling better protection of citizens (INTERVIEW)
Batch of new Hyundai buses delivered to Turkmenistan
Uzbek commodity exchange to buy tires via tender
Azerbaijan ramps up exports to CIS countries
Ceyhan terminal transships 188 million barrels of ACG oil
All news