( IRNA ) - Managing Director of Kish Free Trade Zone, Majid Shayesteh has said Iran-Iraq economic relations would be promoted in the near future.
Talking to IRNA, he said Kish island is a beautiful tourist attraction for the Iraqi people.
Referring to a letter of understanding recently inked by Iran's Kish Free Trade Zone and the Iraqi Kurdistan province on expansion of economic cooperation, Shayesteh said it would pave the way for further expansion of all-out ties between the two neighboring states, particularly in the area of trade.
An Iraqi delegation, headed by presidential advisor for commercial affairs, Abdullah Saeed Marouf was in Iran in the past two days.
During their stay, Saeed Marouf and his entourage inspected several active industrial units on Kish Island and were briefed on the procedure of private sector's investment in Kish Free Zone.
The Iraqi official, while visiting the island's industrial centers, said on Monday that the Kish Free Zone has the potential to become one of the important economic centers of the region.
"The strategic location of Kish in the Persian Gulf area and its access to international waters account for the island's potential," he added.
Turning to Kish Island's suitable development infrastructures, he said that its access to international waters and close communication with the Arab countries bordering the Persian Gulf through aerial and marine routes can play a decisive role in its development.