TEHRAN - Chief managers of Iran and Iraq free trade zones discussed the new approaches for expansion of trade ties via establishment of a joint border trade zone.

Mahmud Salahi, secretary of Iran’s free trade zones and Atef Abdul-Khaleq Abdulhussein managing director of Iraq’s free trade zones emphasized on creating the required infrastructures for mutual investment by the two sides’ traders in free trade zones, ISNA reported on Sunday.
Cumbersome trade laws are not applied in free trade zones and industrial projects are tax-exempted for a period of ten years, the Iraqi chief stated.
For his part, Salahi remarked that investors are free from paying tax for 30 years and there is no limitation in investment in Iran’s free trade zones for foreign entities and that Iran attaches priority to the neighboring countries, particularly Iraq, in trade affairs