It's More Profitable For China To Manufacture Products For Europe In Azerbaijan - AFEZ
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, July 8. It's more profitable
for China to manufacture products for Europe in Azerbaijan, the
Chairman of the Board of the Alat Free Economic Zone (AFEZ) Valeh
Alasgarov said, Trend reports.
He made the remark during a conference on promoting logistics
and trade in Azerbaijan - a demonstration zone of the Shanghai
Cooperation Organization (SCO).
“Manufacturing products in Azerbaijan's Alat FEZ, and exporting
them to Europe is more profitable for China,” he explained.
Alasgarov emphasized that this approach will allow China to
avoid additional transport costs and take advantage of the benefits
and opportunities of the AFEZ.
“Of course, it is necessary to further develop the Middle
Corridor through investment. The location of the free zone in this
corridor is not accidental. We will be glad to see Chinese
companies in Azerbaijan,” he pointed out.
In addition, the chairman of the board said that a delegation
from China visited the AFEZ, where they were introduced to the
advantages of the free zone.
Will be updated
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