(MENAFN- Trend News Agency) A business forum on the topic of“Alat Free Economic Zone – New
cooperation opportunities in Azerbaijan-China economic relations”
was held in Beijing, China. In the event, jointly organized by the
Embassy of Azerbaijan in China, Alat Free Economic Zone Authority
and the China Chamber of Commerce for Import and Export of
Machinery and Electronic Products (CCCME), participated more than
100 Chinese companies.
Akram Zeynalli, the Ambassador of Azerbaijan to People's
Republic of China, delivered an introductory speech on the
development of economic relations between Azerbaijan and China, and
informed the participants about the economy of Azerbaijan,
including the growth of the non-oil sector, as well as the increase
in investments into different sectors of the country.
Following the introductory speech by the Ambassador, Zhang
Yujing, the President of CCCME, talked about the wide cooperation
opportunities between Azerbaijan and CCCME, and stressed that, the
member companies of the Chamber and the Chinese investors will be
provided with information about the established favorable business
environment in Alat Free Economic Zone (AFEZ).
As the keynote speaker, Valeh Alasgarov, the Chairman of the
Board of the Alat Free Economic Zone Authority, made a detailed
presentation about the AFEZ and noted that, the AFEZ is one of the
important parts of the general policy of Government of Azerbaijan,
which aims to ensure the balanced development of the
knowledge-based, diversified, export-oriented and internationally
competitive economy. He gave information about the fiscal and
non-fiscal incentives package for the investors, as well as about
the strategic geographical location, industrial land plots with
ready-to-use off-site and on-site infrastructure and utilities, and
transport-logistics centers. Mr. Alasgarov highlighted the unique
legal framework, which is based on the“Law of the Republic of
Azerbaijan on the Alat Free Economic Zone” adopted by the
Parliament and signed by the President of Azerbaijan as a
prevailing law of the Republic of Azerbaijan and internal
regulations of the AFEZ issued by the AFEZ Authority, that are
integral part of the AFEZ legislation. The Chairman stated that,
the businesses engaged in high-value added export-oriented
manufacturing and internationally traded services, using innovative
technologies and approaches to work, in accordance with best
international standards, are welcome in the AFEZ, and invited the
Chinese investors to get acquainted with the outstanding business
environment offered by the AFEZ.
The business forum was concluded with a Q&A session.
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