(MENAFN- AzerNews)
Sabina Mammadli read more The EU and Azerbaijan are discussing a new partnership agreement
that will expand cooperation in various sectors, including economic
diversification, investment, and trade, EU Ambassador Peter
Mikhalko said.
He made the remarks in connection with the 15th anniversary of
the establishment of the EU Delegation in Azerbaijan.
Earlier, Mikhalko stated that the partnership agreement between
the EU and Azerbaijan, which will be signed soon, will expand
cooperation in various sectors.
Noting that the EU continues to work on strengthening
cooperation with Azerbaijan, the ambassador brought attention to
the delegation's tireless work in this aspect since its opening for
the benefit of the people.
In the meantime, at the meeting of the EU Foreign Ministers of
Foreign Affairs, the EU decided to establish a civilian European
Union Mission in Armenia (EUMA) under the Common Security and
Defence Policy (CSDP) on the Azerbaijan-Armenia border.
According to the decision, the goal of the mission is to promote
stability in the border areas of Armenia, build confidence on the
ground, and ensure an environment conducive to EU-backed
normalization efforts between Armenia and Azerbaijan.
EUMA will have an initial mandate of two years and its
Operational Headquarters will be in Armenia. The Civilian Operation
Commander will be Stefano Tomat, EEAS Managing Director of the
Civilian Planning and Conduct Capability (CPCC). A head of mission
leading operations on the ground will be appointed in the near
future.
The EU and Azerbaijan cooperate in different sectors of the
economy.
Azerbaijan prioritizes equal and mutually beneficial cooperation
with the European Union. In 2021, Azerbaijan and the EU had a trade
turnover of $15.2 billion. At the same time, from 2012 to 2021, the
EU invested more than $21.5 billion in Azerbaijan's economy.
As part of its economic investment plan, the European Union (EU)
has provided Azerbaijan with a €2 billion financial package.
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Sabina Mammadli is AzerNews' staff journalist, follow her on
Twitter: @sabinammdl
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