MEMORANDUM OF UNDERSTANDING IN THE FIELD OF ECONOMIC ZONES OF TURKISH LANGUAGE STATES

MEMORANDUM OF UNDERSTANDING  IN THE FIELD OF ECONOMIC ZONES OF TURKISH LANGUAGE STATES

According to the Decree of the President of the Republic of Azerbaijan dated October 19, 2021, a “Memorandum of Understanding (hereinafter - the memorandum) on the exchange of information and experience in the field of Various Economic Zones” was signed between the government agencies of the Cooperation Council of Turkish Speaking States.

This memorandum was approved in accordance with paragraph 17 of Article 109 of the Constitution of the Republic of Azerbaijan. The following issues were approved in the memorandum:

1. "Memorandum of Understanding on the exchange of information and experience in the field of Various Economic Zones between the government agencies of the Cooperation Council of Turkic Speaking States" signed by the representatives of Azerbaijan, Turkey, Kazakhstan, Uzbekistan, Kyrgyzstan and Hungary on September 10, 2021 in Baku.

2. After the entry into force of the Memorandum of Understanding referred to in Part 1 of this Decree, the Ministry of Economy of the Republic of Azerbaijan shall ensure the implementation of its provisions.

3. The Ministry of Foreign Affairs of the Republic of Azerbaijan shall notify the Secretariat of the Cooperation Council of Turkish Speaking States on the completion of the internal procedures necessary for the entry into force of the Memorandum of Understanding.

After the Memorandum of Understanding enters into force, the Ministry of Economy of the Republic of Azerbaijan must ensure the implementation of its provisions.

The Ministry of Foreign Affairs has been instructed to send a notification to the Secretariat of the Cooperation Council of Turkish Speaking States on the implementation of internal procedures necessary for the entry into force of the memorandum .

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