# Azerbaijan international diplomatic and economic expansion

> Live situation record from CLSTR: https://clstr.news/situations/azerbaijan-international-diplomatic-and-economic-expansion
> Updated: 2026-08-20T06:55:00.000Z. Sources: 7. Developments: 2.

Azerbaijan is actively expanding its diplomatic and economic footprint through various international partnerships.

In August 2026, the country strengthened ties with Venezuela and Peru. Venezuelan National Assembly Vice President América Pérez met with Azerbaijan’s National Parliament Chairwoman Sahiba Qafarova to commemorate 30 years of relations. The leaders pledged to deepen political and legislative exchanges, particularly within international frameworks such as the United Nations and the Non-Aligned Movement, while also discussing the climate crisis and Azerbaijan’s role as the host of COP29. Concurrently, Peru moved to reopen its embassy in Baku to facilitate trade, investment, and energy cooperation, aiming to provide Peruvian businesses with a gateway to Eurasian markets.

During the same period, Azerbaijan and Uzbekistan established a target to reach $1 billion in mutual trade turnover by 2030. Following significant growth, with trade turnover reaching $795 million in 2025—a 3.2-fold increase compared to previous periods—officials began preparing roadmaps and trade programs. Uzbekistan's Ministry of Investment, Industry and Trade met with Azerbaijan's Ambassador to Uzbekistan, Rashad Mammadov, to discuss business opportunities and the organization of the 4th Uzbekistan-Azerbaijan Interregional Forum in Tashkent. Current trade is characterized by Azerbaijan importing gold products (71% of value) and exporting sugar, tobacco, copper, and walnuts to Uzbekistan.

## Timeline

### 2026-08-20: Azerbaijan and Uzbekistan target $1 billion in bilateral trade by 2030

Azerbaijan and Uzbekistan aim to increase bilateral trade to $1 billion by 2030, following a significant rise in turnover to $795 million in 2025.

5 sources. https://clstr.news/cluster/uzbekistan-and-azerbaijan-target-1-billion-in-trade-by-2030

### 2026-08-13: Azerbaijan expands diplomatic and economic ties with Venezuela and Peru

Azerbaijan is strengthening international ties, celebrating 30 years of diplomacy with Venezuela and reopening diplomatic channels with Peru to boost trade and investment.

2 sources. https://clstr.news/cluster/azerbaijan-expands-diplomatic-and-economic-ties-with-venezuela-and-peru

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Cite as: Azerbaijan international diplomatic and economic expansion. CLSTR, https://clstr.news/situations/azerbaijan-international-diplomatic-and-economic-expansion