Projects worth over $170m to be inaugurated in FTZs in 2 weeks

TEHRAN- The deputy secretary-general of Iranian Free Zones High Council for economic affairs said that President Hassan Rouhani will inaugurate 50 projects worth 7.15 trillion rials (about $170.23 million) in the country’s seven major free trade zones (FTZs) by the end of the current Iranian calendar year (March 20).

Exports from Astara port rises 82%

TEHRAN- As announced by a provincial official, exports from Astara port in the north of Iran has increased 82 percent since the beginning of current Iranian calendar year (March 20, 2020), as compared with the same period of time in the past year.

2,200 industrial, mining units active in free, special zones

TEHRAN- The secretary of the Iranian Free Zones High Council announced that 2,200 industrial and mining units are now active in the country’s free trade zones and special economic zones.

Domestic investment in special economic zones rises 173% in a year

TEHRAN- The data released by the Ministry of Finance and Economic Affairs show that 89.843 trillion rials (about $2.139 billion) of domestic investment has been made in Iran’s special economic zones during the past Iranian calendar year (ended on March 19, 2020), which has been 173 percent more than the figure of its preceding year.

Over 40% of Iran’s exports done through free, special zones

TEHRAN- Over 40 percent of Iran’s exports is done through the country’s free trade zones and special economic zones, according to Morteza Bank, the secretary of Iranian Free Zones High Council.

‘Establishment of FTZs to prevent immigration from border cities’

TEHRAN- One of the major objectives behind establishment of new free trade zones (FTZs) in Iran is preventing migration of the border cities’ population to other regions, something occurred in the past 40 years creating some empty cities and villages in the border areas, the chairman of Majlis Development Committee stated.

Over 50 firms seek to invest in IKAC’s free trade zone

TEHRAN - Over 50 Iranian companies have put in requests to invest in [the newly established] free trade zone of the Imam Khomeini Airport City, IKAC managing director Ali Rostami said.

Iran, Armenia seek to deepen tourism ties through signed agreements

TEHRAN – A delegation of Armenian economic, tourism and media representatives has arrived in Iran, exploring ways to deepen bilateral ties thanks to previous agreements signed by the two neighbors over the past three decades.

Turkish company to build vast tourism complex in Kish

TEHRAN – A Turkish company is going to construct a large tourism complex in Iran’s southern island of Kish with making investment as much as $100 million.

Putin endorses deal for Iran-EEU free trade zone

Russia’s President Vladimir Putin has endorsed a much-awaited agreement for the establishment of a free trade zone between Iran and the Eurasian Economic Union (EEU) thus facilitating the process for the Islamic Republic to join the Moscow-led regional economic bloc.

Iraq agrees to set up free-trade zone along border with Iran

Iraqi President Barham Salih announced on Saturday that his country has agreed to establish a "free-trade zone" along its border with Iran, following a meeting with his Iranian counterpart Hassan Rouhani in Tehran, Al Jazeera reported. 

Majlis approves establishment of 12 SEZs, 8 FTZs

TEHRAN- The Iranian parliament (Majlis) on Sunday gave approval to a bill on the establishment of 12 new special economic zones and also eight new free trade zones, ISNA reported.

1,400 industrial units active in Iran’s free trade zones

TEHRAN- Some 1,400 industrial units are active in Iran’s free trade zones, according to Morteza Bank, the secretary of Iran’s Free Zones High Council.

Exports from free trade zones up 23% in 10 month yr/yr

TEHRAN – The value of exports from Iran’s free trade zones during the 10-month period ended on January 20 stood at $851 million, showing 23 percent rise compared to the last year’s figure, IRNA reported on Wednesday.

Annual exports from free trade zones to surpass $1b

TEHRAN – The value of exports from Iran’s free trade zones is expected to reach $1.05 billion by the end of the current Iranian calendar year (March 20), the secretary of Free Zones High Council announced.

By Mahnaz Abdi

Free trade zones still far from objectives

Free trade zones, as defined by the World Bank, are small duty-free areas offering warehousing, storage, and distribution facilities for trade, transshipment, and re-export operations.