Majlis Economic Commission gave the nod to the establishment of eight new free trade zones and 13 special economic zones.
Ahmad Anaraki-Mohammadi, a legislator, made the announcement on Sunday, ILNA reported.
The new FTZs include Incheh Borun in Golestan Province, Mehran FTZ in Ilam Province, Ardebil FTZ in Ardabil Province, Sistan FTZ in Sistan-Baluchestan Province, Baneh-Marivan in Kurdestan Province, Jask in Hormozgan Province, Bushehr FTZ in Bushehr Province and Qasr-e Shirin in Kermanshah Province. The term “special economic zone” is commonly used to refer to any modern zone where business and trade laws differ from those on the mainland.
