STATE REGULATION IN THE MODERN IMPROVEMENT OF AZERBAIJAN-TURKEY TRADE-ECONOMIC RELATIONS

Abstract

 Foreign trade and economic relations play an important role in the socio-economic development of each state and affect the growth of the Gross Domestic Product. In accordance with the concept of a market economy, foreign trade relations are regulated by administrative and economic methods and are constantly improved by importing electronic and technological innovations 
invented during the industrial revolutions and applying them to all areas.The article is devoted to scientific research on the regulation of Azerbaijan-Turkey trade and economic relations and the improvements made by the states in accordance with the requirements of the modern era. The establishment of trade and economic relations between the two friendly states began with investment cooperation. Thus, the Turkish TRAO company has an equal investment share with foreign companies in international contracts concluded on increasing oil and gas production from the Caspian Sea and infrastructure projects for transporting it abroad