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Azerbaijan Telecommunication Ministry Prepares Proposals on Alterations to Be Moved to Tax and Custom Legislation

ICT Materials 16 February 2007 18:27 (UTC +04:00)

Ali Abbasov, Azerbaijan Telecommunication and IT Minister, said during the meeting of the parties to the Caspian Integration Business Club that the Azerbaijan Telecommunication and IT Ministry is preparing proposals on alterations to be moved to the tax and customs legislation of the Country.

According to him, the packages of proposals are being prepared within the project on the foundation of a regional innovation zone in Azerbaijan.

Our objective is to achieve foreign investors to the implementation of the project, which might be implemented first of all with the introduction of customs and tax privileges, said the Minister.

At the same time, a special working group is currently occupied with studying the international experience in founding such centers. The selection of the consulting company was also conducted. An American consulting company, Booz Allen Hamilton won the selection.

The project on foundation of a regional innovation zone envisages the installation of techno parks to develop small-scale and medium-sized innovation entrepreneurship, foundation of a regional base on production and export of electronic equipment and software, turning the country into an advantageous transit information centre (Data Centre), preparation and development of human resources for the forming information society, as well as introduction of ICT in other fields.

If the project is implemented, Azerbaijan, including the whole Caspian Region will further the development of entrepreneurship. New jobs will become available. All that will bring economic growth.

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