TODAY.AZ / Business

Baku hosts meeting studying prospects of Free Economic Zones in Azerbaijan

30 March 2007 [09:20] - TODAY.AZ
Baku hosted a meeting discussing establishment, specialization of Free Economic Zones in Azerbaijan.

Chairman of Azerbaijan Regional Development Center, Chingiz Ismayilov, said establishment of FEZs will help remove the imbalance in social-economic development of Azerbaijan, APA-Economics reports.

He added that Azerbaijan should learn from the lesson of countries enjoying geographical and economic position similar to Azerbaijan.

He said the experience of China, Poland, Turkey, Iran, Russia and Philippines says priority should be given to ports and border regions.

Mr. Ismayilov said that as initial option Azerbaijan can choose Red Bridge area in Azerbaijan-Georgian border, a zone new Nakhchivan-Turkey border and Sadarak region.

The meeting concluded that a legislative framework should be developed, legal and economic assessment of the project should be carried out and the lesson learned by neighbor countries should be studied in order to effectively implement the FEZ project.

URL: http://www.today.az/news/business/38537.html

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