Assessment of Opportunities to Increase Product Imports from the ECO Countries to Azerbaijan against theBackdrop of the Conflict in Ukraine

Abstract

The article conducts certain analyses on the stabilisation of the situation in Azerbaijan against the backdrop of the surge of prices for food products in the world markets as a result of the conflict in Ukraine. The authors studied the impact of the conflict in Ukraine on global and Azerbaijani import  markets.  The opportunities for ECO countries to replace the product imports from the biggest importers of Azerbaijan, Russia and Ukraine were analysed. The question of the ability of ECO member states to accept alternativemarket was researched. Analyses and assessment were made in order to find answers to these and other similar questions. As a result, utilising Market Access Map, Export Potential Map and other tools of International Trade Centre three states out of ECO member states (Türkiye, Kazakhstan and Pakistan) with a high potential to export strategic food products to Azerbaijan were determined.