BAKU, Azerbaijan, August 1.
“Negotiations are underway to draw traders to the Alat Unfastened
Financial Zone (FEZ)”, Chairman of the Board of the Alat FEZ Valeh
Aleskerov informed Development.

In step with him, 4 overseas traders have already
gained the standing of citizens.

“They’ve already begun the method of establishing their industry.
One of the crucial citizens is predicted to complete the design paintings
throughout the following two to a few months. In parallel, talks to
convey different companies to our financial zone are in development, he
added.

Aleskerov emphasised that the primary level of establishing on a
60-hectare plot of land had already been completed according
with the FEZ’s total plan.

“We are discussing development the infrastructure required for
communications, in addition to the water, roads, sewage, power, and
different prerequisites for undertaking industry. Each State Customs
Committee entities and FEZ personnel have places of work now”, he mentioned.

Additionally, consistent with Aleskerov, paintings continues on
optimizing the felony framework, which would be the most enticing
for traders and businessmen, each native and world.

Citizens of the Alat FEZ will have to export no less than 75
% in their merchandise to overseas markets, and thus the advent
of small firms within the FEZ, in addition to firms with
low-quality merchandise, shall be avoided.

“So as to succeed in the best signs in each
manufacturing and export, we have now created the most efficient stipulations for
citizens; particularly, this considerations bills from which
marketers shall be exempt. This contains taxes, VAT, payroll
tax, tasks, and customs tasks,” Aleskerov added.

“Thus, via exempting marketers from such bills,
we can scale back the price of manufacturing, which can permit us to go into
extra markets with this product and make higher festival, as
neatly as build up Azerbaijan’s overseas industry turnover. From this
perspective, it’s really helpful for native and world
manufacturers to behavior industry within the FEZ,” he mentioned.

The hole rite of the primary level of the Alat
Unfastened Financial Zone was once hung on July 9. The whole space of the Alat
FEZ is 850 hectares. At the territory of 60 hectares, the place paintings is
being performed throughout the first level, building has already
begun and quite a lot of works had been finished.

The land plots that shall be leased to traders are
already waiting for building paintings. Throughout the land plots with a
general space of 297,000 sq. meters, there are connection issues to
water, sewer, electrical, gasoline, and communique networks.

There could also be a ready-to-use inner and exterior
engineering and communique infrastructure. Customs checkpoints
and premises for customs inspection had been constructed on the major
front to the territory.