Tuesday, 02 January 2024 12:17 GMT

Azerbaijan's Export Strategy Enters New Phase With Rise Of US And Chinese Markets


(MENAFN- AzerNews)

For many years, Azerbaijan's export geography followed a very simple formula: oil and gas flowed to Europe, while most non-oil products were directed to the markets of Turkey and the CIS. This model seemed logical for several reasons - geographical proximity, logistical advantages, and long-established economic ties. However, one of the core principles of economics remains unchanged: relying on a single market may be convenient, but it is just as dangerous.

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