Azerbaijan and Serbia Strengthen Trade Ties, Expand Gas and Oil Deliveries
On September 2, during a joint press conference held in Baku in the first half of 2024, Azerbaijan's Foreign Minister Jeyhun Bayramov highlighted the significant increase in trade turnover between Azerbaijan and Serbia.
Speaking alongside his Serbian counterpart, Foreign Minister Marko Djuric, Bayramov emphasized the importance of economic relations between the two countries, noting that the Intergovernmental Commission plays a crucial role in these ties. He also underscored the importance of energy cooperation, revealing plans to deliver 400 million cubic meters of Azerbaijani gas to Serbia this year, with expectations to increase this figure to one billion cubic meters in the near future. Additionally, around 160,000 tons of Azerbaijani oil had already been delivered to Serbia in 2024.
Bayramov pointed out that certain legal provisions against Azerbaijan remain in the Armenian constitution, posing a serious threat to peace and normalization efforts. He informed Djuric about Azerbaijan's actions during the 44-day war in 2020 and the military operation in Nagorno-Karabakh carried out in 2023. He also provided details on the restoration and construction work in the deoccupied territories and the ongoing mine threat. Furthermore, Bayramov discussed Azerbaijan's steps toward normalizing relations with Armenia and highlighted progress in the delimitation process between the two countries.
During the same press conference, Serbian Foreign Minister Marko Djuric acknowledged Serbia's success in doubling its Gross Domestic Product (GDP) over the past decade and expressed gratitude for Azerbaijan's assistance in achieving these milestones. Djuric expressed Serbia's desire to be a reliable partner to Azerbaijan and to strengthen economic relations further. He was particularly impressed by the positive changes observed in Baku.
Bayramov also addressed Azerbaijan's ongoing efforts to forge a comprehensive peace agreement with Armenia, mentioning that Azerbaijan had presented a revised package of proposals on June 24. However, Armenia responded 70 days later with its own draft, omitting key points previously not agreed upon. Bayramov urged Armenia to adopt a more serious approach, emphasizing that the omitted issues were crucial for a resolution.