Economy, Domestic Economy
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Joint Apparel Production With Turks

Joint Apparel Production  With TurksJoint Apparel Production  With Turks

Iran is planning to embark on joint venture production of clothes with Turkey in Maku Free Trade Zone, announced the managing director of the FTZ. “The high import tariffs on apparel have caused the market to be dominated by contraband clothing smuggled from Turkey to Iran. By establishing joint clothes manufacturing units, we can control the market and regain the revenues the government is losing due to rampant smuggling,” Mehr News Agency quoted Hossein Forouzan as saying. The official pointed to Maku’s underdeveloped infrastructure and said that the FTZ’s full potential, as Iran’s largest and the world’s second largest Free Trade Zone, still remains untapped. Maku is a city in West Azarbaijan Province, 22 kilometers from the Turkish border.

Financialtribune.com