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Relations between Iran’s Maku Free Trade Zone and Nakhchivan expanding

Business Materials 29 October 2018 12:40 (UTC +04:00)

Baku, Azerbaijan, Oct. 29

By Elnur Baghishov - Trend:

Creation of conditions for development of economic, tourism and cultural relations between Iran’s Maku Free Trade Zone and Azerbaijan's Nakhchivan Autonomous Republic appears on the agenda of Iran’s consulate in Nakhchivan, IRNA quoted Mansur Ayrom, the General Consul of the Islamic Republic of Iran in Nakhchivan as saying at the meeting with the managing director of Maku Free Trade and Industrial Zone Organization Gholam Reza Soleimani.

Ayrom noted that this zone has created favorable conditions for expansion of economic activities of businessmen from Nakhchivan. The simplification of border crossing procedures for Iranian citizens and Nakhchivan residents can give impetus to economic development of the zone.

Ayrom added that the phased extension of working hours of Poldasht customs control and border crossing point, the arrangement of joint monthly meetings of customs officials are considered as the steps taken in the area of development of economic relations between the two parties.

"The establishment of an export agency in agricultural and pharmaceutical sectors, the arrangement of trade meetings with participation of officials and businessmen of the two parties, the establishment of relations between the most active representatives of the private sector are the steps taken by the General Consulate of Iran," Ayrom said.

Ayrom noted that the implementation of joint festivals, the use of culture and fine arts’ potentials of the two parties represent great significance.

The specific potential of this zone have allowed for creating very favorable opportunities for foreign investors, Soleimani said.

The procedure simplification measures have been envisaged in order to speed up the process of making investments in the zone, he added.

The investors can get their companies registered within a few hours, he concluded.

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