President Aliyev gives Baku FTZ the OK

Baku FTZ: Azerbaijan’s President Ilham  Aliyev last week signed a decree paving the way for the establishment of a free trade zone around the new Baku International Sea Trade Port. By offering businesses tax-free benefits, the authorities are hoping to attract as much as $1bn in inward investment over the next few years, the port’s Director General Taleh Ziyadov said.
Construction began on the redevelopment of Baku’s port in 2011 and its new ro-ro terminal is due to come into operation later this year, with phase one of the new port being scheduled for completion next year.

Source: Azernews