On October 3, a delegation led by Alexander Kalinin, President of All-Russian Non-Governmental Organization of Small and Medium Business “OPORA RUSSIA”, visited Sumgait Chemical Industrial Park.

During the meeting Nazim Talibov, director of Sumgait Chemical Industrial Park LLC, highlighted the successful development of the Azerbaijani-Russian economic relations in various directions, as well as informed the guests about operating in the country industrial parks, as well as about favorable conditions created for entrepreneurs, modern infrastructure, the services provided for residents, and the benefits applied. It was noted that incentive measures are being taken to residents of industrial parks as a wide range of services. Thus, residents of industrial parks are exempted from VAT, customs duties and taxes on income, property, land for 7 years, as well as import of machinery, technology and equipment.

In addition, the guests were informed about the residents of the Sumgait Chemical, Mingachevir, Garadagh and Pirallahi industrial parks and products. The presentation of industrial parks was held at the meeting.

Finally, prospects for investing in industrial parks were discussed, as well as exchange of views were held.

Then the guests became acquainted with the work implemented in Sumgait Chemical Industrial Park.