66456
FTZs Attracted $3b Since 2013
Economy, Business And Markets

Iran FTZs Attracted $3b Since 2013

Some $3 billion worth of investments have been made in Iranian free trade zones since President Hassan Rouhani took office in August 2013, Secretary of the High Council of Free Zones Akbar Torkan said, adding that 20% of FDI have been realized so far.

Iran started to experiment with free trade zones in the early 1990s. As per Article 19 of the First Five-Year Economic Development Plan (1991-96), Iran’s first three FTZs were established.

Since then, the total number of such zones has grown to seven, namely Kish, Qeshm, Chabahar, Aras, Anzali, Arvand and Maku.

About $1.4 billion worth of commodities were imported into Iranian free trade zones in the last Iranian year (ended March 20, 2017). Exports from these zones stood at $813 million during the period.

Short URL : https://goo.gl/CmbhA8
  1. https://goo.gl/uTCDtu
  • https://goo.gl/0Vldcj
  • https://goo.gl/wxIjC3
  • https://goo.gl/Ak5fRh
  • https://goo.gl/Hk98ID

You can also read ...

EU Rushes to Protect Economic Interests in Iran
With a reputation of a slow-working institution that only gets...
Google Stands to Lose Up to $4.3b in UK Privacy Suit
Google appeared in a UK court on Monday to argue against a...
Swiss Firms Preparing to Quit Iranian  Market Over US Sanctions Risks
Several Swiss newspapers on Sunday reported that Swiss firms...
German Companies Cannot Be  “Totally Shielded” From US Iran Move
The German government will help German firms with business in...
HTC’s Next Flagship Specs Leaked
A testing subdomain on HTC’s website has confirmed the already...
Tehran Stocks Unshaken by US Nuclear Deal Pullout
Iran nuclear deal seems to be on life-support these days, as...
Russian Railways: Iranian Project Not Subject to US Sanctions
The state monopoly Russian Railways considers its project on...
New Report Reveals Banks’ NPL Ratio Gap
A senior member of Majlis Article 90 Commission presented the...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus