During the visit of the Alat Free Economic Zone Authority (AFEZ Authority) delegation to the Republic of Korea, the Chairman of the Board, Mr. Valeh Alasgarov, met with the Vice President of the Korea International Trade Association (KITA), Mr. Kim Gi-Hyun. The meeting was organized with the support of the Embassy of Azerbaijan in Republic of Korea.
During the meeting, Mr. Alasgarov provided information about the favorable business environment offered by AFEZ, including unique legislation, fiscal and non-fiscal incentives, transportation and logistic centers, as well as the availability of industrial land plots with ready-to-use on-site and off-site infrastructure and utilities.
Mr. Kim Gi-Hyun expressed his appreciation for the favorable business environment provided by AFEZ and stated that KITA members seeking access to European and other markets would be interested in such opportunities. He also emphasized the importance of further cooperation between the two organizations in attracting Korean companies to AFEZ.