Azerbaijan will start accepting applications from investors wishing to work in its free trade zone (FTZ) in March 2017, said Eugene Seah, chief operating officer of the Baku International Sea Trade Port.
He made the remarks during the Azerbaijan-US business forum titled "Trade and Investment Opportunities in the Post-Oil Era” in Baku Dec. 1.
Preparation is now underway in the run-up to the start of accepting applications from companies interested to operate in the FTZ, according to him.
Azerbaijan’s President Ilham Aliyev signed a decree March 17, 2016, on measures to create a free trade zone type special economic area covering the territory of the Baku International Sea Trade Port in the Alat township of Baku’s Garadagh District.
In September 2016, the Azerbaijani government and Dubai Port World (DP World), one of the world’s major port operators, signed an agreement on provision of consulting services for the creation of the free trade zone in the Alat township.
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