Agricultural Products Trade – the Way to Foster Economic Cooperation between Europe and Asia

Year 2018, Volume: 2 Issue: 1, 51 - 69, 31.01.2018

Oksana Kiforenko

https://doi.org/10.29023/alanyaakademik.349466

Abstract

The
integration processes in the contemporary world are becoming more and more
active. The said processes are the driving force of the modern economic
development. The Euro – Asian cooperation has become the necessity that
reflects the tendency of the strengthening cooperation between countries and
regions as well as aspiring both Europe and Asia to the dialogue between each
other.

Good
relations with both European and Asian countries play an important role in the
politics and economics of Ukraine. The economic situation of Ukraine cannot be
described as a stable one. Together with the improvement of some indicators
characterizing its economic development, some of them show the decrease in
their numerical expression. Taking into account the said fact, Ukraine is
suggested to pay attention to the development of its relations with Azerbaijan
as a country that has a strong economic potential and is interested in the
diversification of its economic relations.

The
items that are to be the ways of fostering cooperation in terms of foreign
trade between Ukraine and Azerbaijan in the direction export from Ukraine –
import to Azerbaijan are the ones connected with agriculture, that is
foodstuffs, products of vegetable and animal origin, fats and oils of animal or
vegetable origin. The way to cooperation in the direction export from
Azerbaijan – import to Ukraine lies in the industrial sector of economy, that
is mineral products, miscellaneous articles of base metal, plastic, rubber and
articles and products of chemical industry.

Mutually
beneficial cooperation between Ukraine and Azerbaijan will significantly
strengthen the political and economic positions of both countries on the world
arena. 

Keywords

foreign trade, agricultural products, economic relations, Euro – Asian cooperation, FDI

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