The Ministry of Economic Development held a meeting with South Korean experts that discussed the progress of the project "The development of special economic zones (SEZ) and industrial zones."
At a December 27 meeting, representatives of the Korea International Cooperation Agency (KOICA) and the Korean corporation industrial complexes (KICOX) recommended in parallel to study the international experience in the formation and management of industrial parks.
As you know, in December 2011 the Azerbaijani government began to establish industrial parks in Sumgait and Baku Balakhany. The government provides tax and other incentives for plan to work in the parks business.
The meeting also touched on the location of industry policy, the development of industrial parks, and the stages of its creation.
In October 2011, the Government of the Republic of Korea provided a grant to implement the idea of ??creation in Azerbaijan special economic zones and industrial towns.
AR Law "On special economic zones" was adopted in December 2009. Also approved were several by-laws. Yet to be determined is the location of a place for the SEZ. There are projects to develop SEZ in a newly built commercial seaport Alat Baku and the Baku Heydar Aliyev International Airport. --08D-
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