Alat FEZ to become platform for co-op of Azerbaijani business with int'l market
By Trend
The creation of the Alat free economic zone (FEZ) in Azerbaijan will stimulate the development of the non-oil sector and joint production, Ilgar Valizade, Head of the South Caucasus political scientists club, told Trend.
Valizade noted that the FEZ itself will become a platform for the interaction of Azerbaijani business with the world market.
According to the expert, the Alat FEZ has a special legislative framework that ensures effective economic activity.
“On the other hand, such zones are institutions that engaged in the attraction of foreign investments. In this case, the entire infrastructure, production and legal, create a more favorable investment climate for foreign investors,” Valizade said.
Moreover, the Alat FEZ is unique in terms of its functionality, the political scientist noted.
“A set of favorable conditions, such as a special tax regime, transport infrastructure, its accessibility for economic activity of business entities, makes this FEZ attractive not only for investments but also for doing business,” the head of the club noted.
“Alat is becoming an economic gateway for the flow of goods from East to West and in the opposite direction, creating a network of free economic zones within the Caspian Sea, all of which lead to port facilities. There are similar economic zones on the Caspian coast in Kazakhstan, Astrakhan (Russia) and Iran,” Valizade said.
Speaking about the advantages of the FEZ in terms of logistics and transport, he stressed that the port of Alat is the main driver of the free economic zones.