Economy, Domestic Economy

Export Incentive at Maku FTZ

Export Incentive at Maku FTZExport Incentive at Maku FTZ

As of next week, traders who choose Maku Free Trade Zone–located in West Azarbaijan Province—as their platform to export fruit and vegetable will be entitled to a 30% discount in transport costs, Hossein Forouzan, managing director of the FTZ, announced on Sunday. Maku, in the vicinity of the Turkish border, is home to Bazargan, which is Iran’s largest export terminal. The FTZ became operational early February. According to Forouzan, some $18 billion worth of goods are traded via Bazargan every year.