Prospects for Trade and Economic Cooperation between the Kingdom of Morocco and the Republic of Azerbaijan

  • S. Gacim V. N. Karazin Kharkiv National University
Keywords: trade and economic cooperation, the Kingdom of Morocco, the Azerbaijan Republic, foreign trade operations, virtual interactive platform.

Abstract

The article examines the current trends and prospects for trade and economic cooperation between the Kingdom of Morocco and the Republic of Azerbaijan. The author considers the factors that determine the current state of bilateral trade and economic cooperation. It has been established that in modern conditions, the importance of the Azerbaijan Republic as an international economic partner of the Kingdom of Morocco is growing, which is due to the increasing role of Azerbaijan in the world economy through energy supplies. On the basis of statistical data of the two countries, a comparative analysis of foreign trade of the Kingdom of Morocco with the Republic of Azerbaijan and foreign trade of the Republic of Azerbaijan with the Kingdom of Morocco has been conducted for the period from 2009 to 2016. The paradox, which is the simultaneous existence of a positive balance in the bilateral trade of each of the countries being studied, has been revealed and explained. It has been proved that trade relations between the two countries are fragile. The problem of intermediaries in trade operations between the two countries has been underlined. The author concludes that the level of development of bilateral trade and economic cooperation of the Kingdom of Morocco with the Republic of Azerbaijan is low and there is a need to introduce appropriate organizational mechanisms for its development. Promising areas of bilateral trade and economic cooperation have been identified, for the revitalization of which the creation of an interactive virtual platform “Economic Cooperation between the Kingdom of Morocco and the Republic of Azerbaijan” has been proposed.

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References

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Abstract views: 9
PDF Downloads: 17
Published
2018-12-17
How to Cite
Gacim, S. (2018). Prospects for Trade and Economic Cooperation between the Kingdom of Morocco and the Republic of Azerbaijan. Statistics of Ukraine, 83(4), 102-110. https://doi.org/10.31767/su.4(83)2018.04.12