WORLD TRADE ORGANIZATION ACCESSION AND THE STRUCTURALRECALIBRATION OF AZERBAIJAN'S TRADE REGIME: A MACROECONOMICPERSPECTIVE

Azerbaijan's prolonged pursuit of World Trade Organization (WTO) membership, initiated in 1997, underscores its commitment to integrating into the global economic system.This paper examines the macroeconomic implications of Azerbaijan's WTO accession, focusing on structural adjustments within its trade regime amid global transformations.The study analyzes the potential benefits, including enhanced foreign direct investment (FDI), diversification of exports and improved competitiveness, against challenges such as reduced tariff revenues and the vulnerability of nascent industries to international competition.