AFEZ: More profitable for China to manufacture goods for Europe in Azerbaijan

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It will be more profitable for China to produce goods to be exported to Europe in Azerbaijan – Alat Free Economic Zone (AFEZ), the chairman of the board of the authorized body of the AFEZ, Valeh Alasgarov, said at SCO Demonstration Zone - Logistics and Trade Promotion Conference in Azerbaijan, Report informs.

He noted that this would free China from additional transport costs and create conditions to benefit from the concessions and opportunities of the AFEZ:

“Of course, it is necessary to further develop the Middle Corridor by making investments. The development of the Middle Corridor and the location of the free zone on this corridor is not accidental. We will be happy to see Chinese companies in Azerbaijan. Yesterday, the participants of this event, the delegation from China visited the AFEZ. They had the opportunity to get familiarized with the conditions there and were informed about the advantages of the free zone. I once again invite Chinese companies to operate in the AFEZ.”

Economy