Azerbaijan, Serbia expand strategic partnership through multifaceted coop
The warm relations between Azerbaijan and Eastern European countries are exemplified by the robust cooperation between Baku and Belgrade, boosting the West’s trust in Azerbaijan amid global economic tensions. Serbia is eager to deepen its ties with Azerbaijan, with both countries supporting each other’s sovereignty and collaborating internationally.
Formal relations began on August 21, 1997, with embassies established in 2011. High-level visits have strengthened their cooperation. The Intergovernmental Commission on Trade and Economic Cooperation, founded in 2011, has been pivotal, with significant meetings held in 2023.
Deputy Economy Minister Sahib Mammadov highlighted mutual investments and a fivefold increase in trade turnover, reaching $30.9 million in the first half of 2024. He invited Serbian pharmaceutical companies to invest in Azerbaijan’s industrial zones.
Energy cooperation is crucial, marked by the 2023 agreements on gas supply and collaboration in LNG and gas storage. Azerbaijan’s growing role as a reliable energy partner enhances Serbia’s strategic position as a transit country for Central Europe. The Caspian-Black Sea-Europe Green Energy Corridor project aims to export green energy to Serbia.
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Serbia’s participation in renewable energy is significant, with both countries aiming for 30% renewable energy by 2030. Azerbaijan’s green energy potential exceeds 150 GW, with plans to export to European markets, including Serbia.
Bilateral relations are also strengthened through cultural and educational cooperation, such as the twinning of Shusha and Novi Pazar and the establishment of language and culture centers at universities. The visa-free regime and discussions on direct flights aim to boost tourism and business.
In conclusion, Azerbaijan and Serbia’s growing cooperation reflects a deepening partnership, supported by diplomatic, economic, and cultural engagements, paving the way for further collaboration and mutual benefits.
