Economy, Domestic Economy
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Imports Exceed Exports at Iranian FTZs

Imports Exceed Exports at Iranian FTZsImports Exceed Exports at Iranian FTZs

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, the Persian newspaper Etemad reported, citing data from the High Council of Free Zones.

Iran started to experiment with free 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.

 

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