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Iran-neighbors economic collaboration on agenda: Official

Abadan, IRNA - Development of joint economic ventures between free trade zones of Iran and its neighboring countries has been put on agenda, an official says.

Hamidreza Mo'meni, the secretary of the Iranian Free Zones High Council, addressed economic actors in Arvand Free Zone, saying that to this end, the free trade zones have been obliged to provide domestic investors with an appropriate atmosphere to enjoy joint investment in job opportunity.

According to the secretary, millions of dollars have been invested in Iran's free trade zones in the last eight years. Eight percent of the investment has been allocated to infrastructure and the remaining has gone to private sector, he noted.

One of the main problems of the free trade zones in Iran stems from value added taxes, Mo'meni said, adding that the Iranian Free Zones High Council will provide the administration with a plan in this respect, then they will send it to the Parliament to become a law.

From now on the performances of members of managing boards of free trade zones will be evaluated by the secretariat of the council as well as economic actors, he mentioned.

Acting CEO of Arvand Free Zone organization Hossein Garousi, for his turn, pointed out to the obstacles in the way of developing exchanges with Iraq, saying that despite the impact of traditional laws in the neighboring country, the free zone tries to expand ties with Basra province and set up a billboard of Arvand Free Zone at Basra provincial office.

Garousi went on to say that the Arvand Free Zone is going to establish a permanent exhibition for Iraqi and Iranian tradesmen in an area of 20,000 cubic meters.

Meanwhile, executive secretary of Khorramshahr Chamber of Commerce Kamran Malekian, underlined the need for trade interaction between Iraqis and Iranians, noting that the trade should be based on a bilateral exchanges of both Iraqi and Iranian businessmen.

The Iraqi tradesmen want to export their commodities to Iran, but they have not been able to get a proper response from Tehran, Malekian added.

Imports from countries such as China takes over 40 days, but if the goods are being unloaded in Iraq and then transferred into Iran, the time would halve, he argued.

The Arvand Free Zone with an area of 37,400 hectares is located in the northwest of the Persian Gulf, and at the confluence of the Karun and Arvand rivers.

Source: Islamic Republic News Agency - IRNA


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