It's More Profitable For China To Manufacture Products For Europe In Azerbaijan - AFEZ

2024-07-08 03:09:59

(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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