Strengthening Ties – Azerbaijan and Serbia’s Growing Partnership
President Ilham Aliyev and Serbian President Aleksandar Vucic in Belgrade, November 2022
The relationship between Azerbaijan and Eastern European countries, particularly Serbia, showcases the warm and multifaceted cooperation between Baku and Belgrade. This partnership not only boosts bilateral relations but also enhances the West’s trust and interest in Azerbaijan amidst global economic tensions.
Serbia’s Interest in Deepening Cooperation
Serbia is keenly interested in deepening its cooperative relations with Azerbaijan. This dynamic relationship is marked by mutual support for sovereignty and territorial integrity on the international stage and significant joint initiatives within international organizations. A notable milestone in their relations was Belgrade’s early recognition of Azerbaijan’s independence, laying a strong foundation for their evolving partnership.
Historical and Diplomatic Milestones
Bilateral relations between Azerbaijan and Serbia were formally established on August 21, 1997. The embassies in each other’s capitals, established in 2011, have facilitated high-level visits and fostered deeper cooperation. The Intergovernmental Commission on Trade and Economic Cooperation, formed in 2011, plays a pivotal role in advancing bilateral relations. The Commission’s recent meetings emphasized the ongoing evolution of their economic ties.
Economic Cooperation and Investments
Deputy Economy Minister Sahib Mammadov highlighted significant mutual investments, noting that Serbia’s direct investments in Azerbaijan’s non-oil sector amounted to $3.6 million, while Azerbaijan invested $2.8 million in Serbia. Trade turnover between the two countries increased fivefold in the first half of this year, reaching $30.9 million. Mammadov also encouraged Serbian pharmaceutical companies to invest in Azerbaijan’s industrial zones and highlighted the strategic role of the Alat Free Economic Zone.
Energy Cooperation
Energy cooperation is a crucial aspect of elevating bilateral relations. Azerbaijan and Serbia signed two significant documents in November of last year: the “Memorandum of Understanding between the Ministry of Energy of the Republic of Azerbaijan and the Ministry of Mining and Energy of the Republic of Serbia on the Promotion of Cooperation between SOCAR and Srbijagas,” and the “Agreement on Gas Sales between SOCAR and Srbijagas.” These agreements pave the way for multifaceted cooperation in the gas sector, including the supply of Azerbaijani gas to Serbia, with an annual delivery of up to 400 million cubic meters. Additionally, the agreements cover LNG supply, gas storage collaboration, and gas trading operations.
Renewable Energy and Green Initiatives
Both countries aim to increase the share of renewable energy sources to 30% by 2030. The “Caspian-Black Sea-Europe Green Energy Corridor” project, involving Azerbaijan, Georgia, Romania, and Hungary, is a key initiative in this direction. Azerbaijan’s green energy potential of over 150 GW and its export plans to European markets, including Serbia, underscore the importance of this collaboration.
Cultural and Educational Cooperation
Cultural and educational cooperation is another vital aspect of their relationship. The Center for Azerbaijani Language and Culture at Belgrade University and the Center for Serbian Language and Culture at Azerbaijan University of Languages facilitate cultural exchange. Additionally, Serbian diplomats’ participation in the Foreign Policy Program at ADA University highlights educational ties.
Conclusion
The growing cooperation between Azerbaijan and Serbia reflects a deepening and multifaceted partnership. This strong foundation, built through diplomatic, economic, and cultural engagements, continues to enhance bilateral relations, setting the stage for further collaboration and mutual benefit.
