BAKU, Azerbaijan, January 29. 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, Trend reports.
Together, they aim 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.
Through innovative financial instruments, alongside bilateral
and regional support programmes, further priority projects will
strengthen economic ties between the EU and Azerbaijan. They will
also support Azerbaijan’s efforts to diversify its economy,
strengthen regional connectivity, create skills and job
opportunities across the country, and promote inclusive and
sustainable rural development.
