TEHRAN — The cabinet on Saturday approved establishment of a council headed by President Mahmud Ahmadinejad and aimed to make coordination among the country’s free trade and industrial zone organizations (FTZOs).

This council is tasked to decide on the laws on how to handle the free trade zones. The agreement by the majority of the council members is the basis for the council’s decisions.

The council members are minister of economic and finance affairs, commerce minister, minister of industries and mines, oil minister, interior minister, and the minister of roads and transportation.

Other members include minister of labor and social affairs, energy minister, housing and urban development minister, as well as minister of culture and Islamic guidance coupled with the chairman of Management and Planning Organization (MPO), governor of the Central Bank of Iran (CBI), and the director of the Supreme Council of Free Trade and Industrial Zones.

The ratifications by this council can be issued upon the approval by the president.