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EU - one of Azerbaijan's main trade partners, ambassador says

Politics Materials 3 May 2023 12:50 (UTC +04:00)
EU - one of Azerbaijan's main trade partners, ambassador says
Nazrin Babayeva
Nazrin Babayeva
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BAKU, Azerbaijan, May 3. The EU is one of the main trade partners of Azerbaijan, EU's Ambassador Peter Michalko told reporters at a meeting dedicated to the World Press Freedom Day, Trend reports.

According to Michalko, over the previous years, the cooperation between Azerbaijan and the EU in the field of investment, energy and economy has increased.

In particular, he said there's rapid growth in trade.

"In 2022, the EU became the main exporter to Azerbaijan. The trade turnover between the EU and Azerbaijan doubled last year compared to 2021. The EU’s share in the overall structure of Azerbaijan's trade turnover is 53 percent," he said.

Meanwhile, the trade turnover between Azerbaijan and European countries from January through December 2022 exceeded $27.3 billion.

Over the 15 years of the functioning of the Council of Europe Office in the Republic of Azerbaijan, the EU has implemented about 400 projects worth 224 million euros. More than 50 twinning projects have been jointly carried out in the country by experts, state institutions of the EU member states and government institutions of Azerbaijan.

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