AZERBAIJAN FOREIGN TRADE AFTER INDEPENDENCE AND THE DIMENSION OF COMMERCIAL RELATIONS BETWEEN TURKEY AND AZERBAIJAN IN RECENT YEARS


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Authors

  • Özlem SÖKMEN GÜRÇAM Iğdır Üniversitesi

DOI:

https://doi.org/10.31623/iksad072803

Keywords:

Foreign Trade, Export, Import, Azerbaijan and Turkey

Abstract

Declaring its independence in 1991, Azerbaijan faced many economic, financial and political problems, but since 1995 the country has grown substantially. The most important economic power in the country is on oil, natural gas and suitable agricultural lands. After Azerbaijan gained its independence, it started to search for markets and headed for foreign trade and in this way continued its dependence in the region. In the first years of its independence, a significant share of the country's foreign trade was with the Commonwealth of Independent States. In foreign trade, the country has an important share, especially in terms of oil and natural gas exports. Since Azerbaijan exports more than its imports every year, it is a country that gives a surplus in foreign trade balance. Turkey was the first country that accepts the independence of Azerbaijan. Declared the independence of Azerbaijan and Turkey should accept the independence of both political and economic issues of both countries have shown they are friendly. Current conjuncture in Turkey and Azerbaijan as a nation they were two brothers and two friendly states with state motto always wished they bring. It was first represented as Consulate and the Embassy of Azerbaijan in Turkey. Also at the same time, economic relations and trade relations have kept alive only Azerbaijan political relations with Turkey aimed at animation. For this reason, the two countries have signed a Trade and Economic Cooperation Agreement. Trade relations between Turkey and Azerbaijan still maintains its sustainability today. This study examines the foreign trade of Azerbaijan's economy in the coming period and the course has a very significant share of the Azerbaijan foreign trade with Turkey until today. 

Published

2021-09-15

How to Cite

SÖKMEN GÜRÇAM, Özlem. (2021). AZERBAIJAN FOREIGN TRADE AFTER INDEPENDENCE AND THE DIMENSION OF COMMERCIAL RELATIONS BETWEEN TURKEY AND AZERBAIJAN IN RECENT YEARS. IKSAD JOURNAL, 7(28), 32–43. https://doi.org/10.31623/iksad072803

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Section

Articles