As one of the main global political and economic actors, the European Union (EU) has a special place in Azerbaijan’s foreign policy, which adheres to a multivector cooperation and partnership. The relationship between the two parties dates back to 1991. These relations are based on the EU-Azerbaijan Partnership and Cooperation Agreement (PCA), which was signed in 1996 and came into force in July 1999. The agreement defines the legal basis and ensures the framework of political and economic cooperation between Azerbaijan and the EU, except military field. Since then, the EU has gradually expanded the scope of its cooperation with Azerbaijan.
Daniyar Nurbayev is a research fellow at the Eurasian Research Institute. Daniyar completed his bachelor’s degree in Finance in the Kazakh-British Technical University in 2013. In addition, he holds Masters degree in Finance from the Kazakh-British Technical University (2015). In 2014, he attended to the research summer school at University Campus Suffolk in Ipswich, United Kingdom. His research interests include political economy, economic growth in developing countries, macroeconomic and monetary policy related issues.