“ Iranian free zones register positive trade balance in past two years ”

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Tehran – Secretary of the High Council of Iranian Free Zones, Hamidreza Mo’meni, said the trade balance of the country’s free and special economic zones has been positive over the past two years despite the country’s negative foreign trade balance.

Mo’meni made the remarks during a meeting with lawmakers and airport officials Imam Khomeini (IKAC) on Thursday, IRNA reported.

Today, the free zones are in a good commercial state as judicious and positive development measures have been taken which have led to significant growth in these zones, the official said.

He further announced the creation of a finance council within the High Council of Iranian Free Zones, saying that advisory groups will soon be sent to all free zones in the country and that the zones will be able to access sustainable financial resources to the implementation of new development programs.

According to the official, the country’s free and economic zones should become more productive so that they can finance their own development projects in the future.

Referring to the business advantages of IKAC as a free zone, Mo’meni said that IKAC can benefit from the experience of other free zones across the country to maximize its capabilities.

Earlier this month, Mo’meni said that removing the problems of the active private sector in the country’s free and economic zones was the council’s new approach.

The development of free trade zones and special economic zones through production, exports and investments is one of the objectives of the creation of these zones in the country.

To achieve this goal, various measures have been taken in the last two years, such as attracting innovative and technological units in these areas and introducing investment opportunities and advantages in these areas.

The establishment of free trade zones in Iran dates back to Iranian calendar year 1368 (March 1989-March 1990) following the decline in the country’s oil revenues the previous year which prompted the government to promote non-oil exports.

Iran’s first two free trade zones were established in the south of the country. The first was the Kish Free Trade Area established in 1368 on Kish Island in the Persian Gulf and the second was the Qeshm Free Trade Area established the following year on Qeshm Island in the Strait. of Ormuz.

Since then, five other free trade zones have also been established in the country, including Chabahar in the southeast of Sistan-Baluchistan province, Arvand in the southwest of Khuzestan province, Anzali in the north of Gilan Province, Aras in East Azarbaijan Province and Maku in West Azarbaijan. Province, both located in the north-west of the country.

Considering the important role that free zones play in promoting the country’s exports and employment, Iran is seriously pursuing the development of its existing zones and the creation of new zones as well.

Further development measures in this area have been taken since the United States reimposed sanctions on the Iranian economy in November 2018, as Iran reduces its dependence on oil revenues while increasing its production. domestic and non-oil exports.

Although the sanctions disrupted Iran’s economic activities, they could not hinder the development of Iranian free zones; in fact, the development of these areas has even accelerated.

Much progress in increasing activities in free zones has played an important role in boosting the country’s non-oil exports and brought prosperity to other economic sectors.

EF / MA

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