(MENAFN- Trend News Agency) BAKU, Azerbaijan, March 30. The new
comprehensive agreement between the European Union and Azerbaijan
will lay the ground for reinforced energy cooperation, notably on
renewable energy, Miriam Garcia, European Commission spokesperson,
told trend .
"This agreement will play a key role in supporting the efforts
of the Azerbaijani Government to diversify the economy," she
said.
Garcia pointed out that EU imports from Azerbaijan currently
consist of mainly mineral fuels, in particular energy products like
oil and gas, which account for more than 98 percent of Azerbaijan
exports to the EU.
The EU and Azerbaijan relations are based on the EU-Azerbaijan
Partnership and Cooperation Agreement in force since 1999.
Negotiations on a new and upgraded framework agreement designed to
reflect the enhanced and mutually beneficial EU-Azerbaijan
cooperation in a wide range of areas, strengthen policy dialogue in
key sectors and boost trade are at an advanced stage.
The new agreement should replace the 1996 partnership and
cooperation agreement. It should better take account of the shared
objectives and challenges the EU and Azerbaijan face today.
Negotiations of the new agreement were launched on 7 February,
2017.
The EU-Azerbaijan Partnership Priorities reflect the values and
principles of the European Neighbourhood Policy, and include:
- strengthening institutions and good governance
- economic development and market opportunities
- connectivity, energy efficiency, environment and climate
action
- mobility and people-to-people contacts
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