Davos Forum needs Azerbaijan more than ever – ANALYSIS read full article at worldnews365.me

BAKU, Azerbaijan, January 9. Switzerland’s
Davos will host the 53-rd annual World Financial Discussion board (WEF) from
January 16 to twenty. ‘Cooperation in a Fragmented World’ is the primary
subject of the occasion.

Davos is anticipated, as historically, to give attention to essential
coverage points and specific developments that had a direct influence
on the world financial system and politics. The discussions will grasp
specific consideration because the world is ongoing by way of fairly important
transformation following the apparent injury that COVID-19 pandemic
and the battle in Ukraine produced. The world’s largest economies are
going through stagnation of their financial progress, whereas meals and vitality
costs proceed rising.

That is taking place on the backdrop of accelerating geo-economic
fragmentation, vulnerabilities in monetary sector, together with
overvalued asset costs and excessive money owed, and a local weather disaster that
may exacerbate any slowdown, particularly in rising markets.

Notably, Azerbaijan is among the two international locations which hosted the
discussion board exterior of Davos (the opposite being the US).

The 2013 WEF on “Strategic Dialogue on the Way forward for the South
Caucasus and Central Asia” in Baku is considered a excessive historic
evaluation and nice belief in Azerbaijan, which is the results of a
right and purposeful coverage of President Ilham Aliyev. Inside 10
years of the Baku gathering, Azerbaijan has undergone important
improvement gaining specific achievements in some fields, which
may be of curiosity for the contributors of the largely
anticipated 2023 discussion board.

President of Azerbaijan Ilham Aliyev has at all times famous the
significance of consolidating the ability of all international locations to deal with
the prevailing issues by way of joint efforts. The expertise of
Davos Discussion board effectively portrays that addressing such important subjects the
Davos Discussion board is useful on this context.

Containing the vitality disaster

The vitality disaster might be one of many most important subjects to be mentioned
on the occasion. Azerbaijan, on this regard, continues to play an
growing function in mitigating the implications of the vitality disaster
in Europe. Azerbaijan plans to export to Europe at the very least 11.6 bcm
of pure gasoline in 2023. The EU and Azerbaijan have agreed to double
gasoline provides alongside the Southern Fuel Hall to twenty bcm per 12 months by
2027, based mostly on a Memorandum of Understanding on strategic
partnership within the vitality area between the European Fee and
Azerbaijan, signed final July between President of Azerbaijan Ilham
Aliyev and President of the European Fee Ursula von der

Following this settlement, 5 EU international locations have ready a
particular venture on growing the provision of Azerbaijani gasoline, which
goes to be offered in Baku on February 3. This venture will
enable to right away begin pumping further volumes of pure
gasoline from Azerbaijan to Europe. Initially, Bulgaria, Romania,
Hungary, Slovakia, and Austria have joined the venture. Further
gasoline provides from Azerbaijan will evoke rivalry within the European
market, hereby enabling to decrease costs for shoppers. The
Interconnector Greece-Bulgaria (IGB) can function a superb instance in
this context, since its launch in October 2022, gasoline costs in
Bulgaria have decreased by 34 %.

Transition to inexperienced vitality can also be one of many entrance subjects of
the discussion board. The abovementioned memorandum additionally offers for
cooperation on this space. Each Azerbaijan and the EU acknowledge the
significance of the World Methane Dedication, which requires its
signatories to collectively scale back methane emissions by at the very least 30
% by 2030, and are dedicated to taking the required steps to
scale back the emissions in provide chains.

Since Azerbaijan produces pure gasoline and the EU imports it, the
events acknowledge that it’s a collective duty to make
this provide chain as environment friendly, clear and climate-friendly as
potential. The edges acknowledge the significance of manufacturing inexperienced
electrical energy when it comes to combating international warming and mitigating the
results of local weather change, in addition to enhancing the safety and
sustainability of vitality methods. The events agree that there’s a
potential for cooperation within the area of renewable vitality and
vitality effectivity, together with the inexperienced electrical energy provide.

On this regard, Azerbaijan is strengthening its place within the
European market of “clear” vitality. The “Settlement on a strategic
partnership within the area of inexperienced vitality improvement and
transmission between the Governments of the Republic of Azerbaijan,
Georgia, Romania and Hungary” signed in Bucharest on December 17,
2022, was the cornerstone of this cooperation. An increasing number of EU
international locations have an interest to affix this deal, as the provision of
electrical energy from Azerbaijan will contribute to Europe’s vitality
independence, thus serving to fight local weather change.

Routes clear up meals issues

Whereas the world is going through a extreme meals disaster, the Davos Discussion board
perceives the depth of this sticky state of affairs. Almost 830 million
individuals face meals insecurity and greater than 3 billion can not afford
wholesome meals. These challenges are compounded by rising prices,
provide chain disruptions, and local weather change.

Azerbaijan offers one of the crucial optimum routes for transit,
which permits to save lots of time and prices. Situated on the intersection
of North-South and East-West transport corridors, Azerbaijan is
acknowledged as an essential transport and logistics heart of the
area. Worldwide transport corridors by way of the nation are
advantageous for each distance and time. The Baku-Tbilisi-Kars
railway and the Baku Worldwide Sea Commerce Port will additional
develop the capability of those transport corridors.

The Trans-Caspian Worldwide Transport Route (TITR), or the
so-called Center Hall, through which Azerbaijan represents an
essential hyperlink, is turning into an increasing number of precise within the
worldwide agenda because the transportation hyperlinks between Europe and
Central Asia are very restricted. The Center Hall starting from
China to Europe is the shortest and least costly approach.

Being a key half on the route between Europe and China, and
having a developed aviation, rail, pipeline and maritime
infrastructure, Azerbaijan is turning into a brand new main logistics
heart when it comes to reorganization of world provide chains in
Eurasia, and making an enormous contribution to overcoming the
difficulties associated to meals provide.

Geopolitical dangers and rising credibility

Addressing present geopolitical dangers by way of a brand new system of
dialogue and cooperation in a multipolar world is one other subject on
the agenda of the Davos Discussion board. Azerbaijan has repeatedly supplied a
platform for worldwide occasions of excessive significance which have
attracted international consideration. The selection of Baku for such essential
conferences isn’t unintentional. The rising credibility of President of
Azerbaijan Ilham Aliyev within the worldwide area strengthens the
nation’s political energy, and has a optimistic affect on the
processes going down within the area.

Having turn into the financial, cultural, in addition to scientific and
mental hub of the area, Azerbaijan hosts worldwide
occasions, the place essentially the most pressing issues of the modern world
are mentioned and gathers influential scientific, cultural and
political elite of the globe.

As Davos Discussion board is about to happen, the world is impatient to
hear solutions to various problems with concern. Azerbaijan is prepared
to share its distinctive expertise for the protection and safety of
at this time’s troubled world.

#europeannews #european_news

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