The Current Issues of Economic Relations between the Republic of Azerbaijan and the People's Republic of China: The Realities of the Present Time

Öz

This article examines the state and prospects of relations between the Republic of Azerbaijan and the People's Republic of China. While studying the issues of cooperation between the two countries, the author notes that in 1992 the People's Republic of China officially established diplomatic relations with the Republic of Azerbaijan, then the Republic of Azerbaijan a year later, that is, in 1993, decided to open an embassy in Beijing, the capital of the People's Republic of China. The author particularly examines the economic aspects of international cooperation between the two countries and emphasizes the special role of China’s “One Belt, One Road” initiative and the Shanghai Cooperation Organization, in which the Republic of Azerbaijan has become a dialogue partner. Analysing the state of economic aspects of international cooperation between the two countries, the author identifies some cases that negatively affect the development of relations between the Republic of Azerbaijan and the People's Republic of China. The author mainly attributes the diversification of export products, the problem for Chinese enterprises in the energy sector of the Republic of Azerbaijan, the trade imbalance between the two countries, and so on to these problems. The author, examining statistical data, comes to the conclusion that there is a stable trade surplus of China over Azerbaijan. The author notes that constant efforts by both countries are needed to improve trade and, in general, economic relations in order to prevent obstacles that negatively affect these relations. According to the author, these problems need to be solved by both countries jointly, coordinating their actions in advance. Therefore, we believe that the basis of international relations between the two countries in the economic sphere, including politics and culture, is the friendly and proactive attitude of the Republic of Azerbaijan towards the People's Republic of China. The development and strengthening of these relations will contribute to a new wave of economic and trade growth between the two countries in the future.

Anahtar Kelimeler

• diplomatic relations
• economic relations
• "one belt
• one road"
• territorial integrity
• sovereignty

Kaynakça

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