Economy, Domestic Economy

$10m Import Cap Set for Iranian FTZs

$10m Import Cap  Set for Iranian FTZs$10m Import Cap  Set for Iranian FTZs

The Islamic Republic of Iran Customs Administration has set a $10-million cap on imports for each free trade and special economic zone in Iran during the first quarter of the current fiscal (March 21-June 21). 
Ten percent of such imports are allowed to be clothing items, including bags and shoes. 
The import share of FTZs ranged from $2 million to $20 million last year.


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