TODAY.AZ / Politics

Close Baku and Washington cooperation fundamental component for Azerbaijan to integrate in Global Economic network

16 April 2014 [10:00] - TODAY.AZ
The U.S. news portal “Foreign Policy News” has issued an article titled “Azerbaijan’s strategic relations with the United States” by expert on international relations Peter Tase.

The article reads: “Since its independence in 1991, the Republic of Azerbaijan places a special importance to the relations with Western countries and particularly with the United States of America. While maintaining such strong relations, with the United States, this partnership has always helped strengthen Azerbaijan’s territorial integrity, secured better economic reforms for its people, promoted regional transportation projects and above all, Washington has highly supported the democratic values and governance in Baku. The United States opened its embassy in Baku, and established its diplomatic relations in 1992. The United States has demonstrated a great commitment to help Azerbaijan establish an open market economy and embrace the strengthening democratic institutions and an independent justice system.

The United States has supported efforts that bring peace and prosperity in the region, as well as promoted peaceful ways to resolve the Nagorno-Karabakh conflict.

An important project where the United States has played a critical role is the Oil and Gas Transportation Projects, the establishment of the trans-regional corridors that will physically connect Europe with Azerbaijan, generate important revenue for its people and above all secure a long lasting partnership of this majestic nation, at the heart of the Caspian Sea, with the United States.

The close cooperation between Baku and Washington is a fundamental component for Azerbaijan in order to be integrated in the Global Economic network.

An important initiative in the area of regional economic development is the establishment of the Baku-Tbilisi-Ceyhan strategic pipeline, a corridor that would deliver the Caspian Sea’s oil and hydrogen carbonate resources to the World Market as well as integrate Azerbaijan’s economy with the world’s commerce. This pipeline took shape at the OSCE Istanbul Summit in 1999, where the presidents of Azerbaijan, Turkey, United States, Georgia, Kazakhstan, signed the mutual declaration on the development of the Baku – Tbilisi – Ceyhan corridor.

Another important project is the recent joint venture of a group of companies led by BP in signing a US$45 billion deal to transport natural gas, through a pipe line, from Azerbaijan’s Shah Deniz field to Italy, offering the European Union an alternative to Russian supplies.

Through this deal, BP will expand the Shah Deniz project in the Caspian Sea and the construction of pipelines across Turkey and into Greece, Albania and Italy. In a statement of December 2013, BP stated that “Production from the field will increase by 16 billion cubic meters a year. That is equal to about 1.5 percent of Europe’s total consumption.

Azerbaijan’s economic relations with United States have flourished since the establishment of their diplomatic ties in 1992. Both countries have a bilateral trade agreement and a bilateral investment treaty. According to the State Department, American energy companies, are engaged in “offshore oil development projects with Azerbaijan” as well as are exploring opportunities in the telecommunications sector. Additionally, Baku has been designated as a beneficiary country under the Generalized System of Preferences (GSP) program, under which a range of products that Azerbaijan might seek to export are eligible for duty-free entry to the United States. This program is essential for Azeri investors who produce commodities in the Caspian nation and are able to export duty free products that can promote Azerbaijan’s international trade objectives in the US Markets.

The Republic of Azerbaijan, under the assistance of United States armed Forces, has improved the performance of its inter-operational units which are present now in Iraq, field troops in Afghanistan as well as Kosovo.

According to the Department of Defense, in the last decade, United States has showed a great commitment towards strengthening Azerbaijan’s security forces and improves its role to contribute to security and stability in the broader region. The U.S. supports the development of Azerbaijan’s defense and security institutions, includes training and advising in civil-military relations, professional military education, and emergency management.”

The full text of the article is available at http://foreignpolicynews.org/2014/04/10/azerbaijans-strategic-relations-united-states/.


/AzerTAc/

URL: http://www.today.az/news/politics/132709.html

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