0823 GMT February 23, 2020
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Iran’s Jask port in southern Hormuzgan Province has been promoted to a free trade zone, announced Roads and Urban Development Minister on Tuesday.
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Secretary of Iran’s High Council for Free and Special Economic Zones, Morteza Bank, said Aras and Caspian free trade zones will soon become the country’s communications hub with the Eurasian Union.
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The head of the Erzurum Economic and Entrepreneur Association Ibrahim Gozutuk said on Wednesday that Turkish traders are enthusiastic to take advantage of the economic capacities of the Maku Free Trade Zone, adding that facilitating trade will help boost foreign investment in the free trade zone.
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Free trade zones in south and north of Iran can serve as the gates of entry and exit for transiting Indian cargoes destined for Eastern and Northern Europe, with helpful economic exemptions and great capacities, a member of Iran-India Friendship Association Masih Mirhosseini said on Sunday.
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The Managing Director of Aras Free Trade Zone Organization Mohsen Nariman said on Saturday that a sum of $251 million worth of goods were exported from Aras Free Trade Zone of East Azarbaijan Province during last Iranian year (ended March 20).
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Over $1.2 billion worth of non-oil commodities were exported from Arvand Free Zone in Khuzestan Province in the first 11 months of the current Iranian year (March 21, 2018 – Feb. 19, 2019).
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Almost 400 companies from 15 countries have officially applied so far to conduct business in Chabahar Free Trade Zone (FTZ), an official of the Chabahar Free Trade Zone Organization announced on Tuesday, adding that the Iran's oceanic hub will have a tremendous impact on the entire region.
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An Iranian lawmaker said that joint investment in free trade zones (FTZs) with neighboring countries is of prime importance and in Iran's interest.
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The Russian government said on Saturday that it had approved a draft law for ratification of the provisional free trade deal between the Eurasian Economic Union (EEU) and Iran, which is now the subject to parliamentary approval.
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A bill on establishing three special economic zones was approved in Iran's Parliament on Wednesday.
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The provisional agreement to establish a free trade zone between the Eurasian Economic Union (EEU) and Iran can help double Belarus' exports to this country, said a member of the board and minister for Trade at the Eurasian Economic Commission.
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An interim agreement on establishing a free trade zone between Eurasian Economic Union (EEU) and Iran is planned to be signed on May 17 in Astana at the Astana Economic Forum, said Kazakh Minister of National Economy Timur Suleimenov at a government meeting on Wednesday.
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Secretary of the Supreme Council of Iran's Free Trade, Industrial and Special Economic Zones said that new contracts have been signed with foreign companies to draw investments to the tune of $4.5 billion for the free trade zones (FTZs).
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The free trade zones of Iran's Chabahar and Kyrgyzstan's Bishkek signed a memorandum of understanding on Monday to expand cooperation.
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Armenia on Friday officially launched a free economic zone (FEZ) with Iran in its southernmost city of Meghri bordering the Islamic Republic, state-run Armenpress reported.
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