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EU-Azerbaijan trade relations are based on a Partnership and Cooperation Agreement which has been in force since 1999.

The EU and Azerbaijan launched negotiations for a new comprehensive agreement in 2017.

The negotiations include talks to enhance the EU-Azerbaijan trade cooperation.  The next round of negotiations is planned for first quarter of 2018.

Trade picture

  • The EU is Azerbaijan's main trading partner, accounting for around 48.6% of Azerbaijan's total trade.
  • • The EU continues to be Azerbaijan's biggest export and import market with a 60.7% share in Azerbaijan's exports and a 31.8% share in Azerbaijan's imports.
  • EU imports from Azerbaijan chiefly consist of mineral fuels, machinery and transport equipment, chemicals and food and live animals.
  • EU exports to Azerbaijan are dominated by machinery and transport equipment, miscellaneous manufactured articles, manufactured goods and chemicals.

EU-Azerbaijan: Trade in goods

Trade in goods 2015-2017, € billions
Year EU imports EU exports Balance
2015 10.7 3.5 -7.2
2016 7.6 1.9 -5.7
2017 9.4 1.7 -7.7

EU-Azerbaijan: Trade in services

Trade in services 2014-2016, € billions
Year EU imports EU exports Balance
2014 0.8 1.8 0.9
2015 0.5 1.4 0.9
2016 0.3 1.1 0.7

EU-Azerbaijan: Foreign direct investment

Foreign direct investment 2016, € billions
Year Inward stocks Outward stocks Balance
2016 0.1 11.2 11.1

Date of retrieval: 16/04/2018

More statistics on Azerbaijan

EU and Azerbaijan

The EU supports closer trade and economic integration with Azerbaijan through the European Neighbourhood Policy (ENP) and its Eastern Partnership policy.

The EU and Azerbaijan agreed on an Action Plan in 2006. It is a long-term reform agenda in various policy areas, including trade and trade-related matters. The Commission  and  European External Action Service (EEAS) prepare annual reports where they assess progress.

The current Partnership and Cooperation Agreement does not include tariff preferences, but gets rid of trade quotas between the two and aims to gradually have Azerbaijan's standards become closer to the EU's.

Azerbaijan applied for membership to the World Trade Organisation (WTO) in 1997.  The accession negotiations are ongoing.

Negotiations on upgrading the existing trade rules of the Partnership and Cooperation Agreement were launched in February 2017. The aim is to further expand the EU-Azerbaijan trade relations and to support Azerbaijan's future WTO membership.

Azerbaijan used to benefit from the EU's trade preferences for low-income countries, the Generalised Scheme of Preferences (GSP).

The EU stopped Azerbaijan's GSP trade preferences in February 2014. This is because countries which are classified as 'upper-middle income' economies by the World Bank for at least 3 years in a row, like Azerbaijan, have their preferences deferred.

Since the Partnership and Cooperation Agreement of 1999 does not include preferences in trade in goods, Azerbaijan has reverted to the standard Most Favoured Nation treatment.

Trading with Azerbaijan