Environment of the Kingdom of the Netherlands in the field of water management cooperation (6 November 2014) Economic relations The economic relations between Azerbaijan and the Netherlands cover different fields. Azerbaijan and Netherlands cooperate in different directions in order to enhance the economic relations in the fields such as industry, producing, processing, and packing of agricultural production, ICT, tourism, health, ecology, as well as the Netherlands companies in industrial parks in Azerbaijan. Azerbaijan is one of the main trading partners of Europe in the South Caucasus. It has a specific role in energy security in Europe. In recent years, new steps are taken on developing cooperation between Azerbaijan and Netherlands. More than 100 companies with Netherlands capital are operating in Azerbaijan. Their activity area hosts activities in the fields of financing, industry, construction, service, trade, agriculture, transport and ecology, etc. in Azerbaijan. So far Netherlands made nearly $670 million direct investments in different fields of Azerbaijan's economy. In recent years trade turnover between Azerbaijan and Netherlands has reached about 200 million dollars per year. Azerbaijan exports mainly oil and gas products to the Netherlands. Dutch companies are interested in participating in the projects covering different areas in Azerbaijan as a contractor. Azerbaijan cooperates with Dutch companies in the field of rehabilitation of the Absheron lakes, including Boyukshor Lake. Other fields of bilateral cooperation Azerbaijan and Netherlands signed an agreement on Joint MBA (Master of Business Administration) program covering the field of energy management in 2013. The program between Azerbaijan Diplomatic Academy and Maastricht School of Management successfully continues. The program provides graduates with the diplomas of both ADA and MSM. Every year Clingendael Institute of Netherlands holds training for Eastern Partnership countries’ diplomats. Within the cooperation between Azerbaijan Diplomatic Academy and Clingendael Institute diplomats of the Academy participate in the training every year. Annual seminars on the Armenia-Azerbaijan Nagorno-Karabakh conflict are organized within the framework of the cooperation with the Hague Academy of International Law. Specialists in international law and legal affairs are involved in the seminars. Embassies The Embassy of Azerbaijan is located in The Hague, the Netherlands. The Embassy of the Netherlands is located in Baku, Azerbaijan. Diplomacy Republic of Azerbaijan The Hague (Embassy) of the Netherlands Baku (Embassy) See also Foreign relations of Azerbaijan Foreign relations of the Netherlands Azerbaijan–EU relations Azerbaijanis in the Netherlands Azerbaijanis in Europe Dutchs in Azerbaijan References External links President Aliyev: Relations