Abstract
Nowadays, various trade operations are carried out in the international economic relations and economic relations between the world’s countries. Trade is one of the leading sectors of the world economy. Trade plays a vital role in shaping the world economy, increasing its efficiency based on historical stages of development, and regulating international relations. Specialisation, globalisation, and integration principles are taken as a basis in this case. Trade efficiency is achieved through a pricing policy that optimises international trade. It is also based on supply and demand. From this point of view, the article extensively studies the foreign trade relations of the Republic of Azerbaijan, along with its positive trends, and explores the areas hindering its development. Thus, the geography of foreign trade relations of the Republic of Azerbaijan has significantly expanded in recent years, has become a member of international trade organisations, and has achieved positive trends in trade. The Republic of Azerbaijan has established foreign economic and trade relations with several countries worldwide and constantly develops these relations.
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