Page 35 - Azerbaijan State University of Economics

Nazim O.Eminov: The problems of formation of regional innovation strategy in Azerbaijan

economic zones is development of priority realms, increase in investment and

innovation activity and increase of competitiveness of production and services

within the industry. From this point of view, signature of President Decree on

“Creation of free economic zones in Azerbaijan Republic” on 6 March 2007 is

very important. The Law on “Free Economic Zones” was signed on 14 April 2009

and was enforced by the Decree of The President dated 3 June 2009. Thus there is

legitimate basis for establishment of free economic zones in Azerbaijan. In our

opinion, the establishment of free economic zones should cover not only provision

of economic allowances, but also should consider the determination of industry to

be developed, creation of necessary infrastructure (roads, electric energy, gas,

water supply and etc.), preparation of specialized personnel. In order to establish

the cluster based development strategy it is important to segregate the country into

the industry zones. Such segregation can bring about the equal allocation of

innovation; increase of production and competitiveness and as a result formation of

realization companies.

3. The basic duties and principles of state innovation policy

Based on international practice professor A.Musayev believes that the

following basic measurements should be included into the innovation policy of

Azerbaijan:

1. Provision of tax allowances for scientific-research and practice activities;

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