Economic and trade relations between Azerbaijan and the EU

The purpose of this thesis is to evaluate the level of economic and trade cooperation between the EU and Azerbaijan starting from the beginning of its formation. I have used SWOT analysis tool to show different aspects which influence current level and further possibilities for cooperation. The study finds that, the EU is presently a major investor and trade partner of Azerbaijan. Up to latest time, the main factor of cooperation was the country's energy resources. However, later Azerbaijan has enlarged its participation by enrollment in the EU Eastern Partnership agreement and European Neighborhood Policy (ENP) and is currently closely working with the EU in a number of areas. Azerbaijan is seeking for the membership in the WTO which can potentially facilitate trade flows between the two parties and bring the country closer to the European market.