- Country or region
- Trade topics
- Negotiations and agreementsTrade policy
EU-Azerbaijan trade relations are based on a Partnership and Cooperation Agreement (PCA), which has been in force since 1999. The PCA does not include tariff preferences, but it eliminates trade quotas between the EU and Azerbaijan, with the aim of drawing Azerbaijan's standards closer to those of the EU.
The EU and Azerbaijan launched negotiations for a new comprehensive agreement in February 2017.
The negotiations include talks to enhance trade cooperation between the EU and Azerbaijan. So far, seven negotiating rounds regarding the trade part of the new agreement have taken place. The aim is to further expand EU-Azerbaijan trade relations and to support Azerbaijan's future WTO membership. Azerbaijan applied to join the World Trade Organisation (WTO) in 1997. WTO accession negotiations are ongoing,
- The EU is Azerbaijan's main trading partner, accounting for around 52% of Azerbaijan's total trade.
- The EU continues to be Azerbaijan's biggest export and second-biggest import market, with a 66% share of Azerbaijan's exports and a 16% share of Azerbaijan's imports.
- EU imports from Azerbaijan chiefly consist of mineral fuels, lubricants and related materials. Other EU imports from Azerbaijan include mainly chemicals and related products, food and live animals, and certain manufactured goods.
- EU exports to Azerbaijan are dominated by machinery and transport equipment. Other EU exports to Azerbaijan include mainly chemicals and related products, manufactured goods and articles, and food and live animals.
The 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 Commission and the European External Action Service (EEAS) prepare regular reports where they assess progress. The latest report was released on 15 July 2022.
Committees and Dialogues
The EU and Azerbaijan meet regularly to discuss issues and best practices and oversee the proper functioning of the Agreement.
Trading with Azerbaijan
- Importing into the EU from Azerbaijan
- EU trade defence measures on imports from Azerbaijan
- Exporting from the EU to Azerbaijan
- Trade relations are part of the EU's overall political and economic relations with Azerbaijan