ANALYSIS OF INVESTMENT PROMOTION IN AZERBAIJAN'S ECONOMIC RELA-TIONS WITH THE ORGANIZATION OF TURKIC STATES (OTS)

Abstract This article examines Azerbaijan’s economic relations with the Turkic States Organization (OTS) countries and analyzes the financing of innovation-investment projects among them. The object of the research is the OTS member states, while the subject of the research focuses on the analysis of investment promotion in economic relations among OTS countries. In accordance with the research objectives, attention is given to the following tasks: 1.Azerbaijan’s economic relations with OTS countries; 2.Analysis of the competitiveness of export-oriented products; 3.Evaluation of investment promotion among OTS states. The authors utilize PEST and SWOT expert assessment analyses based on statistical sources and academic articles to analyze investment promotion in Azerbaijan’s economic relations with OTS countries. By choosing the path of innovative development, the Azerbaijani government supports the enhancement of the country’s competitiveness. Export-oriented products, based on technological innovations, contribute to the strengthening of Azerbaijan’s industry and national economy, ensuring access to foreign markets. Investment promotion in innovative products and services plays a significant role in Azerbaijan’s relations with OTS countries. Based on these considerations, the authors examine the characteristics of mutual investment promotion between Azerbaijan and the OTS member states. Key Findings Obtained by the Authors: ●The latest achievements in science serve as indicators of quality factors. Only innovations and the efficient use of investment resources contribute to achieving additional synergy effects. ●In modern conditions, intensifying economic growth plays a key role. The development of the innovative component of the economy provides a synergistic boost to other industrial sectors, making even seemingly insignificant investments highly profitable. ●Attracting investments from OTS countries that carry modern technologies establishes a new innovation-driven phase in Azerbaijan’s economic development. This also leads to the formation of state policies that prioritize key sectors and allocate resources accordingly. ●The implementation of the aforementioned measures will not only enhance industrial competitiveness but also strengthen the overall national economy, contributing to both Azerbaijan’s economic and political standing.