On Tuesday, 25 June 2024, a business trip to the Alat Free Economic Zone (AFEZ) took place within the framework of the AHK Azerbaijan Tax, Customs, and Legal Affairs Working Group.

Participants had the incredible opportunity to explore the ongoing developments in the AFEZ and engage in a productive meeting with Mr Valeh Alasgarov, Chairman of the Board of Directors at the AFEZ.

Chairman Alasgarov delivered a comprehensive presentation on the potential uses of the zone, highlighting the numerous opportunities and benefits for investors. He provided legislative insights and shared experiences, captivating participants with the fascinating story of how the Republic of Ireland transformed from one of the poorest countries in Europe to a leading exporter. His insights extended beyond the Republic of Ireland to include China’s success and India’s challenges in economic zone development. He detailed the unique features of AFEZ and its distinction from similar entities worldwide, emphasizing its significant impact on Azerbaijan's economy.

The visit included an informative internal tour of the Free Economic Zone, addressing key issues of interest to companies, and concluded with an engaging Q&A session.