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  • 13-07-21

    Iran to set up new free trade zones (FTZs)

    (MENAFN)Some new free trade zones (FTZs) intended to be set up in the country in the current Iranian year, according to Secretary of Iranian Free Zones High Council Hamidreza Mo'meni.

    “If we can settle the subject of the comprehensive plans of these zones, I think by the end of this year, the new free zones will be added to the existing ones,” the official said, adding that new FTZs will be set up based on the order of the president.

    Some 62 development projects valued at 31.05 trillion rials (USD739.2 million) were operated in Iran’s free trade and special economic zones, in the 78th series of launching ceremonies since the last Iranian year.

    President Hassan Rouhani launched the stated projects via video conferencing in a number of provinces including West Azarbaijan, East Azarbaijan, Hormozgan, Gilan, and Sistan-Baluchestan, according to government portal.

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