BAKU, Azerbaijan, March 13. Azerbaijan
continues to be on the forefront on the world stage and is turning into
an more and more enticing associate for Europe. President Ilham
Aliyev’s working go to to Germany on March 13-14 is one other case of
how Azerbaijan’s significance for Europe has elevated during the last
couple years.
Multiple conferences with the representatives of main German
corporations scheduled for this go to, in addition to conferences with German
President Frank Walter Steinmeier and German Federal Chancellor
Olaf Scholtz, are anticipated to present one other impetus to the
improvement of bilateral relations between Azerbaijan and
Germany.
The contract-legal base between Azerbaijan and Germany is kind of
broad. In this area, 77 paperwork have been signed to this point and seven
draft paperwork are into consideration.
This cooperation, certainly, is without doubt one of the most profitable amongst
the EU members. Over the final 30 years, financial relations between
the 2 nations have reached There are over 200 German corporations
registered in Azerbaijan, whereas round 170 are members of the
Azerbaijani-German chamber of commerce. These corporations function in
such spheres as vitality, trade, agriculture, transport,
communication, building, banking, insurance coverage, commerce and
service.
The commerce turnover between Azerbaijan and Germany in 2022
totaled over $1.25 billion, of which $591.3 million accounted for
Azerbaijani exports, and $663.5 million – for imports. Over the
final 12 months, Germany ranked eighth within the complete Azerbaijan’s international
commerce, and 4th – among the many important nations of origin for Azerbaijani
imports.
Azerbaijan’s oil provides to Germany are one of many footholds in
the whole commerce. Thus, oil exports to Germany during the last 12 months
totaled 881.4 million tons price $563.7 million. At the identical time,
Germany concluded the TOP-10 of Azerbaijan’s important oil importers in
2022.
The cooperation between the 2 nations within the area of vitality
is creating quickly. Back in 2013, the State Oil Company of
Azerbaijan (SOCAR) and Uniper SE, German fuel dealer, have signed a
long-term fuel provide contract.
Since the Southern Gas Corridor that delivers Azerbaijani fuel to
Europe was launched, Uniper has been one of many important patrons on the
market. This is the corporate’s longest-term fuel buy mission,
which is able to final till 2045. To date, 3.1 bcm of fuel has been
equipped to Uniper from Azerbaijan. SOCAR exported 1,764,500 tons
of crude oil to Germany final 12 months.
Moreover, in 2016, SOCAR and Uniper created a Joint Venture to
develop vitality effectivity initiatives in Azerbaijan. The first mission
was the advance and operation of the steam and energy manufacturing
complicated on the Azerikimya Production Association’s chemical plant
in Sumgait. The mission is predicted to be accomplished by summer time 2023.
The electrical energy produced on the plant can be equipped to SOCAR’s
enterprises after which delivered to the nationwide electrical energy grid of
Azerbaijan.
When it involves the reconstruction course of in Azerbaijan’s
liberated territories, there’s a big potential for German
corporations to take part, particularly within the sectors the place Germany
is historically very robust, like renewables, machine constructing,
the automotive trade, chemical trade and electronics. The
idea of “smart” cities and villages, which matches along with
renewables, can be one of many area of curiosity for Germany.
The vacationers circulate between the 2 nations elevated
considerably during the last years. The variety of Germans touring
to Azerbaijan in 2022 nearly tripled, totaling 14,426. At the identical
time, the variety of Azerbaijanis visiting Germany up to now 12 months
amounted to 21,791 individuals, which is sort of 4 instances greater than in
2021.
The go to of President Ilham Aliyev to Germany is a vivid
proof of the excellent and progressive improvement of the
Azerbaijani-German strategic partnership, which, thus, will open a
new web page within the relations between the 2 nations.
This go to exhibits that Azerbaijan, which, successfully utilizing its
financial and geostrategic benefits, has turn into the main
nation within the South Caucasus, which attracts increasingly
companions to cooperate.
