Azerbaijan Improves Trade Relations with Somalia
Azerbaijan has been actively strengthening its relations with African nations, driven by both economic and political interests. This commitment is evident in its growing diplomatic and trade ties with Somalia, underscored by Somali President Hassan Sheikh Mohamud’s official visit to Azerbaijan on February 12.
Strengthening Azerbaijan-Somalia Relations
- Diplomatic Ties: Established in 2004, bilateral relations have gained momentum in recent years, fostering discussions on political, economic, and security cooperation.
- Strategic Agreements Signed: Key MoUs were exchanged in public service delivery, green energy, education, and defense, marking a new phase of collaboration.
- Economic Potential: Somalia's growing economy presents opportunities in agriculture, fisheries, oil & gas, and logistics. Azerbaijan’s trade with Somalia has already grown significantly, increasing from $17,500 in 2021 to $960,000 in 2023.
- Political Alignment: Somalia has been a consistent supporter of Azerbaijan’s territorial integrity and maintains close ties with Türkiye, a key Azerbaijani ally.
Azerbaijan’s Strategic Engagement with Africa
- Opposition to Neo-Colonialism: Azerbaijan supports African nations in their quest for economic and political independence, advocating for them in international forums.
- Investment & Development Initiatives: Engages in energy, agriculture, transportation, and education projects across Africa, including scholarships for African students.
- Climate Leadership (COP29): Hosting COP29 solidifies Azerbaijan’s diplomatic influence, with initiatives like the Water for Climate Action Declaration, benefiting nations facing water scarcity.
Looking Ahead: Expanding Trade & Investment
Somalia represents an emerging market for Azerbaijan, requiring a long-term strategy and careful planning to unlock its full potential. By diversifying trade partnerships and fostering sustainable economic cooperation, Azerbaijan can strengthen its footprint in Africa and contribute to Somalia’s development while tapping into new business opportunities.
