Abstract:

The integration processes in the contemporary world are becoming more and more active. The said processes are the driving force of the modern economic development. The Euro – Asian cooperation has become the necessity that reflects the tendency of the strengthening cooperation between countries and regions as well as aspiring both Europe and Asia to the dialogue between each other. Good relations with both European and Asian countries play an important role in the politics and economics of Ukraine. The economic situation of Ukraine cannot be described as a stable one. Together with the improvement of some indicators characterizing its economic development, some of them show the decrease in their numerical expression. Taking into account the said fact, Ukraine is suggested to pay attention to the development of its relations with Azerbaijan as a country that has a strong economic potential and is interested in the diversification of its economic relations. The items that are to be the ways of fostering cooperation in terms of foreign trade between Ukraine and Azerbaijan in the direction export from Ukraine – import to Azerbaijan are the ones connected with agriculture, that is foodstuffs, products of vegetable and animal origin, fats and oils of animal or vegetable origin. The way to cooperation in the direction export from Azerbaijan – import to Ukraine lies in the industrial sector of economy, that is mineral products, miscellaneous articles of base metal, plastic, rubber and articles and products of chemical industry. Mutually beneficial cooperation between Ukraine and Azerbaijan will significantly strengthen the political and economic positions of both countries on the world arena. 

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