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27 August 2024

Azerbaijan Moves Closer Toward China And Courts Investment Through New Deals – Analysis

Reid Standish

Azerbaijan is laying the groundwork to boost its ambitions in the South Caucasus and is looking to China for help.

In just two months, Baku’s ties with Beijing have quickly moved forward as the oil-rich country has inched closer politically and economically through a series of agreements that could boost China’s presence in the region and open the door to newfound Chinese investment into Azerbaijan.

The series of recent moves began on July 3 when Azerbaijani President Ilham Aliyev met with Chinese leader Xi Jinping on the sidelines of the Shanghai Cooperation Organization (SCO) summit in Astana and declared they had upgraded bilateral ties through a new strategic partnership that calls for them to work closer together economically, militarily, and politically.

A few weeks later, Baku applied to upgrade its status within the SCO from dialogue partner to observer, setting the stage to potentially become a full member.

And then on August 20, Azerbaijan announced it had applied to join the BRICS group of emerging economies led by China and Russia that also includes Brazil, India, and South Africa as founding members.

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