Tag Archives | free trade zones

Iran, Iraq to Set Up 5 Joint Industrial Parks

The Iranian president’s chief of staff said Tehran and Baghdad have agreed to establish five joint industrial parks, including one in Iran’s border province of Kurdistan. Speaking at a meeting on economic development of Kurdistan in the city of Sanandaj on Saturday, Mahmoud Vaezi said Iran and Iraq have devised plans to set up five […]

Free Trade Zones to Attract $4.5bn in FDI

The secretary of the Supreme Council of Iran’s Free Trade, Industrial and Special Economic Zones said the country has signed new contracts with foreign companies, attracting $4.5 billion worth of investment in free trade zones. “Investors from Turkey, China, Italy, France and South Korea have invested in (Iran’s) free zones…,” Morteza Bank said on Saturday. […]

Armenia Opens New Economic Zone on Iranian Border

By John Lee. Armenia has opened a Free Economic Zone (FEZ) in the southern city of Meghri, on the border with Iran, with some 50-70 operators expected to be involved in the FEZ over the coming years. Prime Minister Karen Karapetyan is quoted as saying: “Our intentions are quite serious because we are convinced that the […]

Armenia and Iran Cooperate on Free Trade Zones

By John Lee. Iran and Armenia have reportedly signed a memorandum of understanding to broaden cooperation between Iran’s Aras and Armenia’s Meghri free trade zones. At the signing in Yerevan, the Iranian President’s Advisor and Secretary of Free Trade Zones Coordination Council, Akbar Torkan, described the Aras free trade zone is a door of cooperation […]

Iran, Iraq to set up Joint Industrial Zones

By John Lee. Iran and Iraq have signed a Memorandum of Understanding (MOU) to set up joint industrial zones. Iran’s Minister for Industry, Mining and Trade, Mohammadreza Nematzadeh and Iraqi Minister for Industry and Minerals Mohammed Shia ‘Al Sudani signed the agreement on Sunday. Minsiter Al Sudani said he future of ​​Iraq is to increase […]

PSEZ “Best Choice” for Petchem Investment

Iranian Minister of Petroleum Bijan Zangeneh says the Parsian Special Economic Zone (PSEZ) is the best place for petrochemical investment. Addressing a meeting of senior petroleum ministry officials held to discuss investment opportunities in the zone Sunday, the official voiced Iranian Ministry of Petroleum’s keenness to invest and support investments in the region. He expressed […]

Iran Eyes Finalization of FTZ Deal with EAEU

Iran’s First Vice-President Eshaq Jahangiri expressed the hope for finalization of arrangements for creation of a free trade zone (FTZ) with the Eurasian Economic Union (EAEU) before President Hassan Rouhani’s upcoming visit to Russia. In a meeting with First Deputy Prime Minister of Russia Igor Shuvalov in Tehran on Tuesday, Jahangiri voiced the country’s willingness […]

Iran, EAEU to Start Talks on Free Trade Zone

Formal talks on creation of a free trade zone (FTZ) between Iran and the Eurasian Economic Union (EAEU) will begin soon, the Armenian president said. “The presidents of four countries have approved the proposal that it is necessary to launch negotiating process (on creation of free trade zone) with Iran, Egypt, India and Singapore. That […]

Will ‘Free Financial Center’ Lure Foreign Banks to Iran?

By Alireza Ramezani, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iranian authorities are weighing whether to launch a free financial center, most probably in one of the country’s free trade zones, to encourage capital inflow into the economy. “Planning is underway to turn free […]

Armenia proposes Free Trade Zone with Iran

By John Lee. Armenia has proposed setting up a Free Trade Zone between the Eurasian Economic Union and Iran. Deputy Prime Minister and minister of International Economic Integration and Reform, Vache Gabrielyan (pictured), said a working group had been established in the EAEU to work on the issue. (Source: IRNA)