Science, Technologies, Innovations №4(24) 2022, 20-31 p

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http://doi.org/10.35668/2520-6524-2022-4-02

Huseynova Arzu Dogru qizi — D. Sс. of Economics, Professor, Department of Digital Economics, Institute for Scientific Research on Economic Reforms, Azerbaijan, Baku, H. Zardabi Str., 88, AZ1011; +994 (012) 492-59-04; arzu.huseynova@economy.gov.az; ORCID: 0000-0002-0981-9923

Mammadova Arzu Imamverdi qizi — PhD in Physics and Mathematics, Docent, Department of Digital Economics, Azerbaijan State University of Economics (UNEC), Azerbaijan, Baku, Istiqlaliyyat Str., 6, AZ1001; +994 (012) 492-59-04;
m.arzu@unec.edu.az; ORCID: 0000-0002-6364-2786

Abilova Arzu Sabir qizi — Teacher, Department of Digital Economics, Azerbaijan State University of Economics (UNEC), Azerbaijan, Baku, Istiqlaliyyat Str., 6, AZ1001; +994 (012) 492-59-04; arzu_abilova@unec.edu.az; ORCID: 0000-0001-6879-8061

Hajikerimova Khatun Qedir qizi — Head Teacher, Department of Economics and Management Zagatala branch, Azerbaijan State University of Economics (UNEC), Azerbaijan, Baku, Zagatala Ahmad Racabli Srt., 4; +994 (055) 204-94-29; khatun.hajikerimova@unec.edu.az; ORCID: 0000-0003-2721-6613

Hasanova Heyran Rehim qizi — Head Teacher, Department of Digital Economics, Azerbaijan State University of Economics (UNEC), Azerbaijan, Baku, Istiqlaliyyat Str., 6, AZ1001; +994 (012) 492-59-04; h.hasanova@unec.edu.az; ORCID: 0000-0001-8814-3150

Mazanova Ophelya Idris qizi — Head Programmer LMS, Azerbaijan State University of Economics (UNEC) Azerbaijan, Baku, Istiqlaliyyat Str., 6, AZ1001; +994 (012) 492-59-04; ofelya.mazanova@unec.edu.az; ORCID: 0000-0001-7344-3492

REDUCING THE EFFECTS OF THE UKRAINE WAR: ANALYSIS OF INCREASING FOOD IMPORTS FROM ECO MEMBER STATES TO AZERBAIJAN

Abstract. The paper analyzes the stabilization of the situation in Azerbaijan against the background of rising food prices on world markets as a result of the war in Ukraine. The authors studied the effects of the Ukrainian war on the world and Azerbaijani import markets. Opportunities to replace the import of Azerbaijan’s largest importers Russia and Ukraine by ECO member states were analyzed. It was also investigated the question of whether OIC member states can be considered as an alternative markets. Analysis and evaluations were conducted to find answers to these and other similar questions. As a result, using the tools of the International Trade Centers such as the Market Access Map, Export Potential Map, etc., three member states of the Economic Cooperation Organization (Turkey, Kazakhstan, and Pakistan) with high potential for strategic food products for Azerbaijan have been identified. The article concluded the following: the war in Ukraine still continues to destabilize the world market. The Azerbaijan state should find alternative sources in a very short time.

Keywords: war in Ukraine, strategic food products, price increase, import market, alternative market, ECO member states.

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