[Iran] - Iran-Iraq 1st totally free zone to be set up by next March

INSUBCONTINENT EXCLUSIVE:
with Iran and said the first joint free zone of the two countries will be set up by the end of the current Iranian calendar year (March 20,
2024).The prime minister of Iraq has considered an area in Iraq's Wasit province near the Mehran border for the creation of a joint
Iran-Iraq free zone, the studies of which are underway, the official announced.Restating that the first joint free trade zone between Iran
other places in order to meet their needs and develop trade by passing through Iran and accessing the Indian Ocean and open waters from
negotiated to set up joint zones with 18 neighboring and non-neighboring countries
Uzbekistan, he added.In relation to these zones, there are two main things: First, the rules of work for the entrepreneurs of the two
countries will be the same there; and second, all laws of free zones will be according to international standards, the official
stated.Meanwhile, exchanging land and services is possible according to the laws, he added.First of all, this work is an important model in
nullifying the sanctions and secondly, it greatly facilitates the trade between Iran and those countries, Abdolmaleki further noted.Three or
four joint free zones will probably be established by the end of this year, the official announced.Abdolmaleki also negotiated with the
officials of the free trade and special economic zones of Uzbekistan about the establishment of a joint free zone between the two countries,
during a two-day visit to Tashkent in late April.He participated in the international investment meeting of Uzbekistan, which was held in
the presence of the president and other high-ranking officials of this country and heads of international and regional financial
organizations and institutions.By visiting several free and special zones of Uzbekistan, the Iranian official discussed the benefit and use
of joint capacities and opportunities for investment and trade between the two countriesThe establishment of free trade zones (FTZs) in Iran
which prompted the government to promote non-oil exports.The first two free trade zones of Iran were established in the south of the country
The first one was Kish Free Trade Zone established in 1368 on Kish Island in the Persian Gulf and the second one was Qeshm Free Trade Zone
country since then, including Chabahar in southeastern Sistan-Baluchestan Province, Arvand in southwestern Khuzestan Province, Anzali in
development of existing free trade zones and the establishment of new FTZs has become one of the major economic approaches of the Iranian
current ones and those who, God willing, will soon join us, is that we are looking for the modification of the so-called comprehensive
that main path and those goals that are considered in the resistance economy are the increase of exports and foreign investment and the
the new period of management in the free zones