"The European Union is Azerbaijan's main trading partner, and the European Union has remained a major trading partner during the pandemic."

Member of the Parliamentary Committee on Economic Policy, Industry and Entrepreneurship Vugar Bayramov told APA.

He said that the results of the first quarter of this year show that about half of Azerbaijan's trade turnover falls on EU member states: “In general, about 48% of our exports go to Italy.

This shows that the European Union is a key trade and economic partner for Azerbaijan.

At the same time, Azerbaijan accounts for two-thirds of the EU's trade turnover in the South Caucasus.

In this regard, Azerbaijan is also the EU's main trading partner in the South Caucasus.

It is also a priority to increase investment between the countries, especially to attract more investment from the European Union to the non-oil sector.

The latest report on the business environment in Azerbaijan and a survey of companies representing the European Union also show that

Most companies - more than 80% - are interested in investing in Azerbaijan.

At the same time, about one in two companies wants to work in our liberated territories - East Zangazur and Karabakh.

This means that the European Union is not only a trade partner for Azerbaijan, but also one of the most attractive countries for Azerbaijani investment by European companies.

This, of course, is reflected in the amount of investment attracted from Europe.

Cooperation also leads to attracting more investment from the European Union.

We expect an increase in investment from Europe to Azerbaijan in the post-pandemic period.

At the same time, about one in two companies wants to work in our liberated territories - East Zangazur and Karabakh.

This means that the European Union is not only a trade partner for Azerbaijan, but also one of the most attractive countries for Azerbaijani investment by European companies.

This, of course, is reflected in the amount of investment attracted from Europe.

Cooperation also leads to attracting more investment from the European Union.

We expect an increase in investment from Europe to Azerbaijan in the post-pandemic period.

At the same time, about one in two companies wants to work in our liberated territories - East Zangazur and Karabakh.

This means that the European Union is not only a trade partner for Azerbaijan, but also one of the most attractive countries for Azerbaijani investment by European companies.

This, of course, is reflected in the amount of investment attracted from Europe.

Cooperation also leads to attracting more investment from the European Union.

We expect an increase in investment from Europe to Azerbaijan during the post-pandemic period.

At the same time, Azerbaijan is one of the most attractive countries for European companies to invest in.

This, of course, is reflected in the amount of investment attracted from Europe.

Cooperation also leads to attracting more investment from the European Union.

We expect an increase in investment from Europe to Azerbaijan in the post-pandemic period.

At the same time, Azerbaijan is one of the most attractive countries for European companies to invest in.

This, of course, is reflected in the amount of investment attracted from Europe.

Cooperation also leads to attracting more investment from the European Union.

We expect an increase in investment from Europe to Azerbaijan in the post-pandemic period.

Vugar Bayramov noted that Azerbaijan is one of the countries contributing to Europe's energy security:

"In general, there are increases in blue gas production in Azerbaijan.

Last year, 43.9 billion cubic meters of blue gas was produced in Azerbaijan.

This is 1.5 times more than in 2018.

At the same time, compared to 2018, Azerbaijan has doubled its blue gas exports.

Blue gas is already being transported to Europe via the Southern Gas Corridor.

Last year, about 9 billion cubic meters of blue gas was transported to the European Union.

This year, this figure is expected to exceed 10 billion cubic meters.

This means that Azerbaijan is already a new alternative source in the formation of energy security in the European Union.

Of course, this indicates that cooperation between the parties will develop strategically.

Cooperation between Azerbaijan and the European Union is of a strategic nature.