The FINANCIAL — Foundation of the new free trade zone at the territory of Baku International Sea Trade Port CJSC will turn it into the major transport and logistics hub, declared the General Director of the port, Taleh Ziyadov on March 18.
According to him, the signed decree by the President of the Republic of Azerbaijan, Ilham Aliyev, is an integral part of the strategy to turn the port into a hub.
“This document gives an impetus to turn Baku into one of the world port centers and creates the legal basis for this,” – said T.Ziyadov.
According to him, the necessary legal framework will be prepared within six months with assistance of foreign experts.
“We hope that this free trade area will start working at full capacity already in 2017, and turn the Baku International Sea Trade Port into one of the largest transport and logistics centers such as Dubai, Singapore, Hong Kong and Shanghai,” – said T.Ziyadov.
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