EU and Azerbaijan to renegotiate bilateral agreement

By bne IntelliNews November 15, 2016

The European Union's (EU) Foreign Affairs Council has announced the launch of negotiations for a new comprehensive agreement with Azerbaijan in a press release published on November 14.

Azerbaijan and the EU signed an association agreement in 2010 but Baku has since lobbied to amend the document, claiming that it neglected to take into account the country's view on the future of bilateral relations. Baku took the initiative to draft a new agreement, and shared it with representatives of the European Commission at the May 2015 summit of the Eastern Partnership countries, of which Azerbaijan is a member.

The new agreement will “better take into account the objectives and challenges the EU and Azerbaijan face today”, the press release reads, and it marks the EU's willingness to adopt a differentiated approach with different countries in its Eastern neighbourhood. Unlike other Eastern Partnership countries, Azerbaijan has not expressed interest in joining the EU - or other economic and security blocs, for that matter. Rather, its interest in cooperation with the EU stems from wanting to promote its oil and gas exports to the bloc, and to finance a large gas transport and exploration scheme currently in the works.

In the past year, Baku has reacted strongly to criticism coming from Brussels over its crackdown on civil society. In September 2015, it withdrew from an EU parliamentary body, Euronest, and halted its cooperation with the European Parliament for a year after the latter passed a resolution criticising the regime for human rights violations.

Related Articles

Azerbaijani parliament curtails Internet freedom with new defamation law

The Azerbaijani parliament approved a series of amendments to the criminal code on November 29 criminalising defamation on the Internet, Turan news agency reported. Specifically, the amendments ... more

Azerbaijan eyes privatisation of its largest lender

The Azerbaijani government will communicate a privatisation plan for the country's largest bank, International Bank of Azerbaijan (IBA), in 2017, Rufat Aslanli, chairman of the country's financial ... more

World Bank improves Eurasian growth forecasts

Eurasian economies are set for a modest recovery next year with growth projected to accelerate to 3.3% in Central Asia from 2.0% expected for 2016, the World Bank said in a new report released on ... more

Register here to continue reading this article and 2 more for free or 12 months full access inc. Magazine and Weekly Newspaper for just $119/year.

If you have already registered, enter the information below with the same email you used previously and you will be granted immediate access.

IntelliNews Pro subscribers click here

Thank you. Please complete your registration by confirming your email address. A confirmation email has been sent to the email address you provided.

Thank you for purchasing a bne IntelliNews subscription. We look forward to serving you as one of our paid subscribers. An email confirmation will be sent to the email address you have provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

IntelliNews Pro subscribers click here

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

If you have already registered, enter the information below with the same email you used previously and you will be granted immediate access.

Thank you. Please complete your registration by confirming your email address. The confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss