Finance

Home page

Finance

Export incentive to be introduced for products manufactured in the Alat Free Economic Zone

17 June 2026 14:32 (UTC +04:00)

Products manufactured in the Alat Free Economic Zone will be granted an export-related incentive, APA reports.

This is reflected in the proposed amendments to the Law on Customs Tariff discussed today at a meeting of the Milli Majlis Committee on Economic Policy, Industry and Entrepreneurship.

Under the proposed amendment, goods of Azerbaijani origin that are fully produced by an Free Zone legal entity in the Alat Free Economic Zone, or have undergone sufficient processing in accordance with processing criteria approved by the body (institution) designated by the relevant executive authority under the Commodity Nomenclature of Foreign Economic Activity, will be exempt from customs duties when brought from the Alat Free Economic Zone into the main economy in accordance with procedures determined by the body (institution) designated by the relevant executive authority.

The exemption will apply on the condition that at least 50% of the volume of such goods is exported outside the country and will remain in force for 15 years from the date of establishment of the Free Zone legal entity that produced or processed the goods.

If adopted, the law will enter into force on January 1, 2027.

Firuza Vahid

Alat Free Economic Zone customs duties customs tariff export incentives Azerbaijan Milli Majlis Economic Policy Committee foreign economic activity Azerbaijani-origin goods exports Free Zone legal entities manufacturing processing customs regulation investment incentives economic development trade policy industrial production legislation customs exemption