THE FIRST STEPS IN FORMATION OF INDUSTRIAL PARKS IN THE REPUBLIC OF AZERBAIJAN

In this article establishing and forming of industrial parks were discussed, which play an important role in the priority tasks such as diversification of country's economy, reducing its oil sector dependence, involving current capacity into economic turnover, reimbursing of internal demand due to local production, raising competitive capacity of produced goods, employment, involving investments and modern technologies, providing balanced development and lifting the regional development difference. In this article, the industrial parks were considered as a new stage of economic development and also shown as a method of entrepreneurship activity handling. In this article the acts regarding forming industrial parks in the Republic of Azerbaijan and its integral part Nakhchivan Autonomous Republic and founding of its legal basis were discussed. At the same time, it was underlined that founding and forming of industrial parks were fixed in the several State development programs such as “The State Program of SocialEconomic Development of the Regions of Republic of Azerbaijan (in 2004-2008)”, “The State Program of Poverty Reducing and Sustainable Development in the Republic of Azerbaijan (in 2008-2015)” and “The State Program of the Development of Industry in the Republic of Azerbaijan (in 2015-2020)”. In this article, the prospective development of industrial parks in the Nakhchivan Autonomous Republic was also reviewed.