MODERN STRATEGIC ASPECTS OF AZERBAIJAN-KAZAKHSTAN ECONOMIC RELATIONS

This article explores the strategic dimensions of the development of interstate economic relations between Azerbaijan and Kazakhstan. The purpose of the article is to comprehensively analyze the strategic aspects of the development of interstate economic relations between Azerbaijan and Kazakhstan in order to assess the potential for expanding foreign economic cooperation, diversifying trade ties and developing practical recommendations for their further strengthening in the context of global economic transformations. It analyzes economic processes in the postSoviet period and identifies priority areas for the modernization and structural transformation of national economies as independent states. The study assesses the potential to expand foreign economic relations and diversify foreign trade turnover between the two fraternal countries. It presents the commodity composition of exports and imports and highlights the importance of increasing the range and volume of high-tech and competitive products. The article emphasizes the significance of projects to develop modern green energy infrastructure and to leverage joint potential in this sector to further enhance exports to Europe. Special attention is given to the considerable opportunities to increase cargo transportation between Azerbaijan and Kazakhstan by efficiently utilizing the global transport and logistics corridor — the Middle Corridor (Trans-Caspian route) — which links Europe and Asia. The attractiveness of global transport routes is analyzed, and active, joint participation of Azerbaijan and Kazakhstan in this sphere is recommended. The article also examines the characteristics of interstate relations between the two countries and the state policy measures to establish an investment fund aimed at improving the investment climate for economic and business entities in both nations. Furthermore, the necessity of intensifying trade and economic cooperation and ensuring favorable conditions for the effective functioning of foreign trade participants is highlighted. Finally, the article provides recommendations to enhance and develop interstate trade and economic relations between Azerbaijan and Kazakhstan in contemporary conditions.

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