Azerbaijan Holding Important Role In Achieving Regional Stability, Development Analyst
Date
9/30/2022 10:46:25 PM
(MENAFN- AzerNews)
By
Azerbaijan holds an important role in achieving the goal of
regional stability and development, CEO at Romania's Smartlink
Communications consulting company, analyst, consultant, and think
tanker Radu Magdin told .
According to Magdin, the recent ceasefire agreement between
Azerbaijan and Armenia was welcomed by international actors,
especially the European Union (EU), which remains strongly involved
in the process of normalizing Azerbaijan-Armenia relations,
including at the highest level through President of the European
Council Charles Michel.
“Azerbaijan has the opportunity to design policies and
international international engagement focused on bringing economic
prosperity to all, high-quality social protection and social
measures that would allow for development in the future. A strong
focus on internal development, combined with the opportunities
brought by rapprochement with the EU, especially at a time in which
the international community is facing multiple challenges, can
provide improved perspectives for Azerbaijan and the entire region
in terms of energy transport infrastructure, energy commodities
trade development involving Europe and Central Asia, opening up the
very region to the external aid and investments to improve region
stability and welfare,” said Magdin.
He noted that Europe's energy security is a major priority in
the context of EU member states' efforts to cease dependence on
Russian energy resources and identify alternatives that are viable
from both a political and an economic standpoint.
“The agreement between the EU and Azerbaijan envisages a
substantial increase in the annual volume of gas exported in the
next five years, from around 2.5 percent of the EU's gas
consumption now, to around 5 percent by 2027. Azerbaijan is already
enjoying a significant profile as a long-term partner for the
purpose of building a new European architecture in the energy
field, but opportunities also lie in other areas of in-depth and
comprehensive free trade, in which Azerbaijan would have direct
benefits from access to a single market of almost 450 million
consumers. Additionally, the region could benefit as the energy
transportation hub for the energy commodities from Central Asia to
Europe and beyond thus increasing region prosperity and stability
perspectives,” he added.
Magdin also emphasized that peace in the EU's neighborhood is
extremely important.
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