Foreign trade and green energy aspects of economic relations EU with Azerbaijan and Central Asia countries
Abstract
Objectives: This paper aims to explore the role foreign trade and green energy aspects of economic development of Azerbaijan and Central Asia countries, focusing on tools economic cooperation with EU.
Prior Work: This study allows seeing the strategic role trade and energy cooperation beetwen EU and Central Asia region. Suggested that trade and energy cooperations may transforming and resulting in regional effects.
Approach: The approach comprises the three elements of relations (trade, Partnership and Cooperation Agreement and green projects). The economic development for the region countries hinges on the structure of economy, human capital, resource productivity and regional cooperation.
Results: The trade and green energy cooperation depends on different factors driving. For Azerbaijan, Kazakhstan and Uzbekistan, the model of economic development demonstrated good forecast for trade, green energy and agreement with EU, indicating positive dynamics for relations with EU. Particularly increased participation around sustainable development.
Implications: Ensuring green projects initiatives and ecomomic sustainability is crucial for implementing the transregional economic projects between European Union (EU) countries, Azerbaijan and Central Asia.
Value: The purpose of this paper is to explore the trade, green energy and common interest aspects of the transregional relations with the EU and their economic integration prospect.
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