EU and Azerbaijan step up cooperation to boost investment and connectivity

On 29 January, the European Union and Azerbaijan agreed to strengthen their partnership under the EU’s Global Gateway initiative and the recently launched Cross-Regional Connectivity Agenda. 

This partnership aims to unlock new economic opportunities and foster long-term shared prosperity, cooperation, and peace through sustainable and resilient links in transport, digital, energy, and trade.

Within this framework, the European Union and Azerbaijan, with the EBRD, have agreed to launch a feasibility study for the development of the Nakhchivan railway project, a key investment to improve mobility and economic flows across Azerbaijan and the wider region. 

This railway forms part of the broader Trans-Caspian Transport Corridor, which aims to link Europe and Central Asia with a target transit time of 15 days.

“Diversified, reliable and resilient routes between Europe and Asia are a shared strategic interest. They deliver mutual benefits and reduce the risks associated with excessive dependencies,” reads a press release by the EU Delegation to Azerbaijan.

The partnership will also unlock innovative financial instruments, bilateral and regional support programmes, and further priority projects to strengthen economic ties between the EU and Azerbaijan. 

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Press release