The resumption of formal negotiations on a new, comprehensive agreement between the European Union and Azerbaijan is of particular relevance, Head of the European Union Delegation to Azerbaijan Marijana Kujundžić said at the European Union-Azerbaijan Business Forum, APA reports.
According to her, two constructive rounds of negotiations have already been held in Baku and Brussels, and the process is ongoing.
The Ambassador stated that the European Union remains Azerbaijan's largest trading partner.
"Azerbaijan is one of the European Union's important energy suppliers, particularly through the Southern Gas Corridor," the EU Ambassador noted.
The diplomat emphasized that the partnership is increasingly expanding to include areas such as renewable energy, wind energy and the green transition.
"Azerbaijan can also play an important role in the development of the Trans-Caspian Transport Corridor, which has great potential in terms of strengthening trade, logistics and connectivity between Europe and Asia. In this context, the official visit of European Commission President Ursula von der Leyen to Baku on July 1–2, 2026, should also be particularly noted. During that visit, she announced the Global Gateway investment package, which envisages mobilizing up to 2 billion in public and private sector investments in infrastructure projects across the South Caucasus. One of the main priorities of this package is to support strategic transport and connectivity infrastructure. This also includes the modernization of the Nakhchivan railway network and the expansion of the Baku port," Kujundžić added.
Marijana Kujundžić also noted that they are working to facilitate the attraction of European private investments to Azerbaijan in strategic areas such as renewable energy.
She recalled that earlier this month, the European Commission successfully organized the EU-Azerbaijan Clean Energy Business Roundtable in Brussels with the participation of European business associations: “We understand that a predictable investment environment and a level playing field are particularly important for European companies interested in investing in Azerbaijan.”
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