Azerbaijan gained independence from the USSR in 1991 and formal relations with the EU began in 1996. There are three main issues in the relationship: broadening political frameworks between Azerbaijan and the EU, cooperation in the energy sector, and Azerbaijan's territorial integrity. Economically, in 2011 trade with the EU represented 42.5% of Azerbaijan's total trade. Azerbaijan is an important supplier of oil and gas to the EU. Major imports from the EU to Azerbaijan include machinery and transport equipment, while major exports from Azerbaijan to the EU are mineral fuels and lubricants.
5. Current GDP: 49,2 Billions of Euros - 2011
GDP per capita: 5 394,9 Euros - 2011
Exports-to-GDP ratio: 39,0 % (2010)
Imports-to-GDP ratio: 12,2 % (2010)
Trade-to-GDP ratio: 51,1 % (2010)
MANAT LOGO
6. INTRODUCTION AND BACKGROUND
Gained independence from USSR in 1991
Joined United Nations in 1992
Formal relations with the EU began in 1996
43rd state to join the Council of Europe on January
25, 2001
10. Three main issues that EU considers most
important in relationship with Azerbaijan:
Broaden and deepen the relationship with Azerbaijan in the
existing political frameworks
Cooperation in the energy sector receives prominent
mention
Azerbaijans territorial integrity.
12. In 2011 trade with the EU represented 42.5% for
Azerbaijan
Azerbaijan's share in total EU trade is 0.5%.
Important role both in supplying energy to the EU and
as a transit route
Major supplier of oil and gas to the EU
14. Imports and Exports of goods between EU
and Azerbaijan
16
14
BILLIONS OF EURO
12
10
8
14,8 Imports
6 Exports
9,7
4 7,4
2
2.3 2.9
1.6
0
2009 2010 2011
YEARS
15. Major Import Partners of EU Major Export Partners of EU
1. China 1. US
2. Russia 2. China
3. US 3. Switzerland
4. Norway 4. Russia
5. Switzerland 5. Turkey
25. Azerbaijan 54. Azerbaijan
16. European Union imports from Azerbaijan
Mineral fuels, lubricants and
0.2 related materials
Machinery and transport
0.1 equipment
0,2
Food and live animals
Chemicals and related
products
Manufactured goods
99.5 classified chiefly by material
Miscellaneous manufactured
articles
Crude
materials, inedible, except
fuels
Commodities and
transactions
17. European Union exports to Azerbaijan
Mineral fuels, lubricants and
related materials
Machinery and transport
2.5
equipment
20.1
Food and live animals
47.6
14 Chemicals and related
products
9.5 Manufactured goods
4 classified chiefly by material
Miscellaneous manufactured
articles
Crude
materials, inedible, except
fuels
Commodities and
transactions