Share of Marine Economy in GDP at 2%
Economy, Domestic Economy

Share of Marine Economy in GDP at 2%

Sanctions and severance of international ties sent the once 4% share of marine economy from Iran’s gross domestic product down to 2%, according to managing director of Iran Marine Fund, Mehrdad Mozaffari. He called on investors and manufacturers to take advantage of customs-related incentives offered in free trade zones, such as different forms of tax exemptions or absence of trade barriers, to help boost the share of marine economy in GDP. Iran’s free trade zones are mostly located near ports.

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