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Special economic zone to be established in Iran

Business Materials 28 November 2012 16:08 (UTC +04:00)

Azerbaijan, Baku, Nov.28/ Trend G.Mehdi/

A special economic zone will be formed within the Mehran border area in Iran's western Ilam province, the Mehr News Agency quoted Ilam Governor General Mahmoud Abbaszadeh Meshkini as saying.

Ilam has 400 kilometers of a shared border with Iraq, he said, adding that feasibility studies for establishing the zone have been completed and the first phase will be carried out in the near future.

The Chabahar, Qeshm, Kish, and Arvand free zones in the south, and the Aras and Anzali free zones in the north are the other six Iranian free zones in operation.

Iran conducted $56.38 billion in trade of non-oil goods with other countries during the first seven months of the current Iranian calendar year, which began on March 20, according to Iranian Customs Administration Director Abbas Memarnejad.

Iranian Trade Promotion Organization Deputy Director Kiyumars Fat'hollah Kermanshahi said in May that annual imports and exports are projected to reach $77 billion and $83 billion respectively by March 2016.

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