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Iran plans to set up export terminals at its free zones

Business Materials 17 September 2019 13:22 (UTC +04:00)

Tehran, Iran, Sept. 17

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Iran plans to establish export terminals in its free trade zones to expand exports, said a member of Iran Export Confederation, Mehdi Karimi Tafreshi.

"Considering the country's exports capacities in various regions, exports terminals would unify services and facilities for exporters in various regions," said Karimi Tafreshi, Trend reports citing ILNA.

"Reforming the banking system and adaption to international law is the necessity that should be implemented, as far as free zones are concerned. The advantages in the free zones can expand non-oil exports and increase foreign currency revenues," he added.

"The government's economic policies are to use the maximum capacity of the free trade zones. The establishment of free zones has increased Iran re-exports by 30 percent," he noted.

"The export terminals should be established by identifying suitable regions that have comparative advantage," he added.

“There should be centers that provide value added tax for services in these terminals and that include packaging, analyzing process before exports and consulting, in addition to customs, insurance and transportation services that preserve exports goods quality," he indicated.

"So far 9 permits have been issued for exports terminals' establishment, based on instruction to support establishment and expansion of the country's exports terminals in the country," he added.

Currently 6 million tons of agricultural products are being manufactured in the north of Khuzestan Province. They're exported to Central Asia, the Persian Gulf countries and Russia. An exports terminal is necessary for the province," he said.

"The officials has approved the establishment of 8 free trade industrial zones, reform of 3 free trade industrial zones and establish of 12 special economic zones," he said.

"From the total of 86 special zones, 61 zones are located in less developed regions, while the establishment of 8 new free zones in Baneh, Mehran, Jask, Bushehr, Qasr-e Shirin, Incheh Borun, Zabol and Ardebil has been approved," he noted.

"The target for exporting goods that are produced in the free zones in the current Iranian year (started March 21 , 2019) is $1.5 billion ," he added.

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