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

2021 ◽  
Vol 7 (28) ◽  
pp. 32-43
Author(s):  
Özlem SÖKMEN GÜRÇAM
Keyword(s):  
Natural Gas ◽  
Foreign Trade ◽  
Trade Balance ◽  
Economic Power ◽  
Cooperation Agreement ◽  
Economic Relations ◽  
Trade Relations ◽  
Political Relations ◽  
Independent States ◽  
Oil And Natural Gas

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. Keywords: Foreign Trade, Export, Import, Azerbaijan and Turkey.

scholarly journals The dynamics and the current state of trade and economic ties between Ukraine and CIS countries has been analysed

2012 ◽  
Vol 1 (40) ◽  
pp. 156-168
Author(s):  
N. Gasuliak
Keyword(s):  
Foreign Trade ◽  
Trade Balance ◽  
Structural Features ◽  
Trade In Services ◽  
Economic Relations ◽  
Trade Relations ◽  
Goods And Services ◽  
Current State ◽  
Cis Countries ◽  
Economic Ties

The main parameters, structural features, geographical areas of foreign trade relations of Ukraine with the CIS countries has been reviewd, as well as the main problems in the framework of cooperation between Ukraine and these countries has been highlighted. Ke ywords: CIS countries, trade and economic relations, trade in goods, trade in services, volume of exports, imports, trade, balance of foreign trade in goods and services, investments.

scholarly journals Economic Relations between Albania and France 1945–1990

2017 ◽  
Vol 6 (3) ◽  
pp. 73-76
Author(s):  
Arshela Arapi ◽  
Valentina Duka
Keyword(s):  
Foreign Trade ◽  
Oil Spill ◽  
Trade Agreement ◽  
Economic Relations ◽  
Trade Relations ◽  
Political Relations ◽  
Mutual Interest ◽  
Balkan Countries ◽  
Trade Deals ◽  
Joint Group

Abstract France had trade deals with several Balkan countries, which were often carried out by private firms that exchanged mutual interest. It would be of interest that even with Albania resumed exchanges for a category of articles despite the lack of a regular convention. Their purpose was to resume the works on kerosene requirements. This brought about the improvement of the Albanian economy and meeting the needs of the France for these products, which in turn strengthened even more the economic and political relations of the two countries. With the insistence of the French side, on August 1956, a trade agreement was signed between Albania and France, where the French Government allowed the exchange of goods between the two countries as a compensation to French firms seeking to collaborate with our country. It is worth pointing out that the trade relations that Albania had with France until 1964 was generally satisfactory. Albania's export and import plans were satisfactorily fulfilled and a better basis for new successes in forecasts and plans for the future in 1965 was provided. In the official talks with the French side in mid eighties, the Albanian side proposed the establishment of a joint group within the Chambers of Commerce to look at the possibilities of France purchasing our minerals and the possibilities of Albania buying their equipment. Based on the credits opened by French firms and our foreign trade enterprises, the release of the respective goods was followed in both directions. Thus, our companies have been releasing confectionery, towels, clothespins, chairs etc. French companies have continued to release electronic equipment, clay, oil spill delta and various exchange parts. Several other economic agreements were signed between two countries which increased the level of Albanian exports towards France.

RESEARCH OF FEATURES OF FOREIGN ECONOMIC TRADE OF REGIONAL ECONOMY SERVICES

2019 ◽  
pp. 44-51
Author(s):  
Andrii ZAVHORODNII
Keyword(s):  
Foreign Trade ◽  
Economic Activity ◽  
Trade Balance ◽  
Well Being ◽  
General Situation ◽  
The Black Sea ◽  
Reduction Peak ◽  
Black Sea Region ◽  
Economic Relations ◽  
Export Dynamics

Abstract Introduction. Nowadays the foreign economic activity of the regions serves as a factor contributing to improving the population well-being, improving its life quality, as well as territory socio-economic development and increasing its competitiveness. The purpose of the article is to analyze the foreign trade in services at the regional level and to identify its features. Results. The comparative analysis of the services export dynamics was conducted in the studied regions for the period from 1996 to 2018: the periods of growth, reduction, peak values were identified, the leader – Odessa region was determined. At the same time, it is emphasized that due to the decrease in the indicator in Odessa region and the growth in the Mykolaiv region, the gap between them narrowed significantly for the period from 2012. The dynamics of the services import volume in the economy of the studied regions has been analyzed. Determination of the leader – Odessa region was done, the trends of dynamics for the studied period are considered. The dynamics calculation of the foreign trade balance in services in the Mykolayiv region is given. The calculation of the chain gains index of the services foreign trade balance in the Mykolaiv region is given, which indicates a considerable amplitude of fluctuations and reduction from 2014 to 2016. Results. The foreign trade balance in services in the studied areas was calculated and analyzed: the Odessa region was the leader before 2010. After in accordance with the services export dynamics in Odessa and Mykolaiv regions, their convergence to the actual equalization in 2018 is observed. The positive value of the balance in all the regions for the whole study period is noteworthy. The analysis makes it possible to confirm the significant dependence of the foreign regions economic activity of the Black Sea region on the general situation in the country with divergent tendencies of indicators changes, which allows to define it as heterogeneous. Keywords: foreign economic activity of the region, export, import, dynamics, regional foreign economic relations, foreign economic relations of the region.

THE POTENTIAL OF CUSTOMS PAYMENTS IN THE MODERN REALITIES OF TRADE RELATIONS WITH THE EAEU AND EU COUNTRIES

2021 ◽  
Vol 2 (2) ◽  
pp. 149-156
Author(s):  
I. A. ZHURAVLEVA ◽  
Keyword(s):  
Division Of Labor ◽  
Value Chain ◽  
Trade Balance ◽  
The State ◽  
Balance Of Payments ◽  
Economic Relations ◽  
Eu Countries ◽  
Trade Relations ◽  
Goods And Services ◽  
Important Regulator

Customs payments are an important regulator of the country's economic presence in foreign economic relations and trade relations. Customs receipts serve as a landmark indicator that provides the revenue side of the budget in its significant income, and also determine the place of the state in the system of the interna-tional division of labor and its corresponding place in the value chain. Customs duties (CD) act as a kind of regulator of the amount of goods imported into the territory of the state, taking into account the state and conditions of the domestic market and the country's balance of payments. The positive financial and economic multifactorial nature of CD is manifested in stimulating the optimization of the structure of imports of goods and services, and in addition, it can act as a tool to protect domestic producers from external competitors, and strengthen the state's trade balance.

scholarly journals Extracting Trading Locus: Where we are in Indo-Nepal Trade?

2020 ◽  
Vol 17 ◽  
pp. 41-53
Author(s):  
Khom Raj Kharel ◽  
Dhan Raj Chalise
Keyword(s):  
Foreign Trade ◽  
Trade Balance ◽  
Significant Contribution ◽  
Trade Agreement ◽  
Total Trade ◽  
Trade Relations ◽  
Analytical Research ◽  
Ancient Times ◽  
Mutual Relations ◽  
Import Trade

Nepal and India have had trade relations since time immemorial. Nepal was known as an exporting nation in the ancient times. Before the trade agreement between Nepal-Britain Treaty in1923, Nepal's trade with India was more than 95 percent. Despite various treaties and agreements between Nepal and India, Nepal's trade with India now accounts for around 65 percent of total trade. Despite the trade and mutual relations between Nepal and India, India has been treating Nepal on the basis of benefits. In different time periods, India has been creating problems in trade and transit, contrary to international norms and trade and transit treaties, under various pretexts. The objective of this paper is to review of Indo-Nepal trade and transit treaties and analyzing the present status. Descritptive and analytical research design is applied and simple statistical tools are used to analyze the growth and direction of foreign trade of Nepal. Linear regression model is applied to measure the total trade with India and total volume of foreign trade of Nepal. This study has found that there has been significant contribution of total trade with India to the total volume of foreign trade of Nepal. The import trade of Nepal with India is extremely high in comparison to export trade and total trade balance and trade balance with India has been increasing with a huge deficit.

scholarly journals OIL AND NATURAL GAS TRADE BALANCE AND PRODUCTION EFFECTS IN THE EUROPEAN UNION AND BLACK SEA ECONOMIC COOPERATION COUNTRIES

2017 ◽  
Vol 16 (3 (2017)) ◽  
pp. 261-283
Author(s):  
Evangelos Siskos ◽  
Konstantia Darvidou
Keyword(s):  
European Union ◽  
Natural Gas ◽  
Black Sea ◽  
Trade Balance ◽  
Value Added ◽  
Economic Cooperation ◽  
Close Link ◽  
Oil And Natural Gas ◽  
The Impact ◽  
The Eu

Most European Union and Black Sea Economic Cooperation countries are net importers of petroleum and natural gas. Searching for new deposits and construction of new pipelines can improve energy security in the region. The problem is topical for Greece which has a developed refinery industry and needs to improve its trade balance to repay the accumulated external and public debt. Several new pipeline initiatives through Greece can support relations between the EU and BSEC countries. The paper provides previous research review about energy dependency and the effects of trade, production and transportation of hydrocarbons. Next we provide analysis of the effect of the trade on balance of payments in both the EU and BSeC countries. Import dependency of GDP on oil and natural gas is especially large in Malta, Georgia, Ukraine, Serbia and Latvia. On the other hand Russia and Azerbaijan are large net exporters of hydrocarbons. Then we analyse the impact of mining on labour market and refinery industry development. On average larger value added in mining leads to larger employment at least for males and middle age group of people. But the effect largely varies across countries and time periods. Together with construction of new pipelines growth of extraction can result in dozens of thousands of new jobs in Greece. There is a close link between value added in mining and compensation of employees in that industry. We have found evidence that the clustering effect between mining and manufacture of refined petroleum products and coke exists only in some EU countries.

scholarly journals British-Slovak Foreign Trade Relations: Consequences of Brexit

2019 ◽  
pp. 341-353
Author(s):  
Marcel Kordos
Keyword(s):  
European Union ◽  
Foreign Trade ◽  
Policy Instruments ◽  
Current Status ◽  
The European Union ◽  
Economic Relations ◽  
Trade Relations ◽  
The Future ◽  
The Uk ◽  
The Impact

The possibility of the UK's withdrawal from the European Union has never been more realistic and up-to-date since joining the European Communities (EC) as it is today. The UK is facing a unique situation. At present, this depends solely on the capabilities of European and British government officials, who negotiate the terms of withdrawal and future cooperation between the two entities. The main goal of this paper is based on the British – Slovak trade relations development analysis to figure out their impact within the Brexit consequences on the future Slovak economy and its current status in international economic relations. The paper also provides a basic overview of Brexit process and its possible impact on the EU's further functioning. Basic data will be drawn from generally accepted institutions, evaluating the UK and Slovak trade and economic performance. To accomplish this goal, methods such as analysis and comparison to illustrate the UK-Slovak foreign trade development, synthesis and logical deduction to discuss the Brexit impact on Slovak economic environment in the future are to be used; data from scientific and professional publications, periodical and non-periodical press. The paper presents the results of an empirical analysis, which showed that because of the size of economic relations between Slovakia and the United Kingdom and the number of goods and services being exported to the UK, the «hard» Brexit will be very unfavourable for Slovak foreign trade due to the possible tariffs being imposed. The research empirically confirms and theoretically proves that it can cause a significant weakening and slowdown in the Slovak economy. Either way, the upcoming Brexit process, that is the withdrawal of Great Britain from the European Union, would have a major impact not only on British, European but also on the world economy. The impact of Brexit on Slovakia's economy will not only be in reducing the possible growth of the economy, but also in employment and price increases. Keywords: EU single market, Britain's withdrawal from the EU, foreign trade policy instruments analysis, international economics, Slovak economy slowdown prediction, Slovak foreign trade commodity structure analysis.

scholarly journals Turkey - Black Sea Economic Cooperation Organization: Foreign Trade Relations during the 1996-2012 Period

2013 ◽  
Author(s):  
Cemal Ardıl
Keyword(s):  
Foreign Trade ◽  
Black Sea ◽  
Economic Cooperation ◽  
The Black Sea ◽  
Trade Volume ◽  
Black Sea Region ◽  
Economic Relations ◽  
Trade Relations ◽  
The Rich ◽  
Heads Of State

This paper presents the regional economic relations between Turkey and Black See Economic Cooperation Organization (BSEC). The Heads of State and Government of eleven countries: Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey and Ukraine signed the Summit Declaration and the Bosphorus Statement giving birth to the Black Sea Economic Cooperation on 25 June 1992, in Istanbul. On 5 June 1998, the Heads of State or Government signed the BSEC Charter, came into force on 1 May 1999 BSEC has evolved into an international regional organization for economic cooperation. The organization has 12 members since Serbia joining the organization in 2004. It came into existence as a unique and promising model of multilateral political and economic initiative aimed at fostering interaction and harmony among the Member States, as well as to ensure peace, stability and prosperity encouraging friendly and good-neighbourly relations in the Black Sea region. Countries bordering the Black Sea, Balkan and Caucasus formed the BSEC countries cover an area of approximately 20 million square kilometer and represent more than 350 million people. The region with the foreign trade volume of U.S. $ 300 billion per year draws attention to the rich natural resources; and is the main European energy and transport corridor transfer. The Black Sea region is a contested neighbourhood and the subject of intense debates and conflicts in the globe. Also, this reflects the changing dynamics of the Black Sea region, its complex realities, the interests of outsiders and the region’s relations with the rest of the globe. Moreover, its strategic position, linking north to south and east to west, as well as its oil, gas, transport and trade routes are all important reasons for its increasing relevance. Turkey's foreign trade volume with BSEC member countries is steadily increasing as per the findings over the period of 1996-2012.

scholarly journals Trade and economic relations between Russia and the Netherlands: formation and development

2020 ◽  
pp. 5-22
Author(s):  
A. I. Makarov ◽  
E. A. Rubinchik ◽  
M. A. Kladkin
Keyword(s):  
The Netherlands ◽  
Foreign Trade ◽  
Bilateral Trade ◽  
Historical Review ◽  
Developed Countries ◽  
Economic Relations ◽  
Industrial Cooperation ◽  
Trade Relations ◽  
National Leaders ◽  
The Russian Empire

Successful development of mutual trade and economic ties between Russia and the Netherlands has been lasting for centuries. In ancient times, when both states were actively developing, vessels loaded with various goods were already cruising between their shores; while national leaders were building bilateral trade policy. The development of cooperation reached its peak during the time of Peter the Great, when the Russian Empire carried out industrialization by entering into a full-scale international industrial cooperation with its historical partner. Participation of the Russian state in the development of trade and economic relations with the Netherlands took different shapes depending on the current needs and capabilities of the country. However, specially authorized envoys who carried out their functions on the territory of the Netherlands played exclusively important role in it, whether they were representatives of the Ministry of Trade and Industry of Tsarist Russia in Rotterdam or the People's Commissariat for Foreign Trade in the pre-war years. October 1945, when the Trade Representation opened its doors in Amsterdam, marked the new chapter in the history of trade relations between two countries. Historical review of the activities conducted by the Trade Mission in one of the world's TOP economically developed countries of the world over the 75-year period is demanded for providing advice in respect to setting up of strategic plans for the development of foreign trade in terms of exports, deepening international industrial cooperation and faster adaptation to the requirements by foreign markets. 

Cyprus and Aegean rows are cooling Greco-Turkish ties

2018 ◽  
Keyword(s):  
Natural Gas ◽  
Eastern Mediterranean ◽  
Content Type ◽  
Economic Relations ◽  
Political Relations ◽  
The Eu

Subject Renewed tensions in the Eastern Mediterranean. Significance After two decades of relative calm, military tensions are on the rise again in the Eastern Mediterranean. At the same time as Turkey is trying to prevent efforts to explore for natural gas off the coast of Cyprus, relations between Athens and Ankara are being strained in the Aegean. These events seem to be driven by an increasingly nationalist outlook in Turkey, which appears to be fuelled by developments in Syria, Ankara’s growing estrangement from its NATO partners and the prospect of elections. Impacts As political relations between Greece and Turkey further deteriorate, economic relations between them will decrease. Calls may grow for Cyprus talks to restart, but a settlement will be harder to find without goodwill between Athens and Ankara. Turkey’s relationship with the EU will be put under further strain as Athens and Nicosia demand solidarity from their European partners.

Sign in / Sign up

Export Citation Format

Share Document