Baku / 23.05.17 / Turan: A report on the creation of a free trade zone in Alat prepared by an international expert was presented in the Baku Business Center on May 23.
The report was compiled by the company Economic Zones World FZE. This document, in addition to the concept of the FTZ Master Plan, also covers the draft law On Free Zones and provides a comparative analysis of international experience in the creation of such zones.
The Alat FTZ will be established on the territory of the new Baku International Sea Trade Port. The Minister of Economy Shahin Mustafayev said that after the completion of the first stage of the port construction, Azerbaijan"s transit cargo transshipment capacity will reach 15 million tons per year.
The decision on the establishment of the Alat FTZ was made in March 2016. The work in this direction has not reached the design stage yet. -----08D
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