News ID: 201322
Published: 0403 GMT September 26, 2017

Exports from FTZs up

Exports from FTZs up

Secretary of High Council of Free Trade-Industrial Zones said value of exports from Iranian Free Trade Zones (FTZs) have climbed by 25 percent reaching $1 billion.

Morteza Bank, who is also presidential adviser on Free Trade, Industry, and Economy Zones, said that Iran has plans to further boost its activities in free trade zones, Mehr News Agency reported.

"The incumbent government pursues the policy of attracting domestic and foreign investment, improve investment conditions, create and expand industries and trade transactions," highlighted the official explaining that the government attached great importance to FTZs.

Noting that FTZs had made satisfactory and appropriate growth in terms of exports, he hoped that the zones become more active by drawing more finance.

Bank rejected claims that goods are smuggled through FTZs underlining that the issue was brought up by certain media. "No smuggling takes place through these regions thanks to the cooperation between Iran Customs Administration and free trade zones."

The official concluded that investment was growing in Iranian FTZs.

   
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