Akademik Məlumat İdarəetmə Sistemi
Economic and Social Development, pp.652-659, 2021 (Peer-Reviewed Journal)
The sustainability of the socio-economic development of Azerbaijan is determined to a large extent by the establishment of effective foreign economic relations which serve to its integration into the international economic system, the expansion of favorable trade and economic relations with foreign states and international economic organizations in accordance with the national interests of the country. At present, our country establishes mutual economic relations with about two hundred states of the world. But, the majority of these relations, especially export relations are related to oil and gas products. Therefore, today the necessity for profound study, objective assessment and adequate measures of export potential of Azerbaijan's non-oil sector seems very actual. The fact that Azerbaijan is on the list of low-soil countries in the world indicates that the country produces less product in terms of production capacity. Moreover, remaining of about 20 percent of the territory of the republic under occupation for about thirty years decreased sowing and pasture areas considerably, as a result, the volume of agrarian food production did not pass unnoticed. Also, it is impossible to use enough of innovated technologies in agrarian field, therefore the import capacity of foodstuffs still remains high. The point is that, there is enough wide potential in Azerbaijan for production and processing of the majority of the imported products. It is also due to the characteristics of agriculture. So, agricultural products can be put up for sale both naturally and by processing. It also should be noted that, the processed products obtained naturally from exported products return to internal market at high prices. The commodity structure of agricultural export shall be considered periodically for elimination of these contradictions. The exports of products that do not require large investments in processing should be reduced in the near future. The measures shall be taken in the direction of promotion of export of competitive products made of their processing on the basis of high technologies. It can be resulted in increase of employment, improvement of the people’s welfare and decrease of currency expenses for food import on the account of processing sector. Therefore, the opportunities for transition from natural raw materials to the finished products shall be investigated in agricultural export of the country and the existing opportunities shall be used maximally.