A free economic zone will be established in the Nakhchivan Autonomous Republic, it was reflected in the "State Program for 2023-2027 on the socio-economic development of the Nakhchivan Autonomous Republic" approved by Azerbaijani President Ilham Aliyev, APA reports.
This will serve the development of the economy of the Nakhchivan Autonomous Republic with the expansion of trade and logistics opportunities.
An industrial park will also be created in the Nakhchivan Autonomous Republic.
The main executor of the project is the Ministry of Economy.