Creation of a free trade zone (FTZ) in Azerbaijan around the Baku International Sea Trade Port is a project with a great future, Aboubaker Omar Hadi, chairman of DGZ, said in an exclusive interview with Trend in Baku.

Photo: Trend

 He said the creation of an FTZ is a very important for attracting cargo traffic and investments to Azerbaijan.

Djibouti has an extensive experience in the FTZ creation.

The first FTZ was established back in 1954.

The FTZ will create economic revival in the port and attract business operations to Azerbaijan.

Products are received, processed, re-exported in this zone, and it is very comfortable for the parties involved.

Many countries integrate the work of their customs services into the FTZs.

In Djibouti, the FTZ covers not only a port, but also an airport, which facilitates the work.

He thinks that at least the sea port and the FTZ should be under a single management.

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