Iran ready for free trade with regional countries: Official

Tasnim– Head of Iran’s Trade Promotion Organization (TPO) Mojtaba Khosrotaj said the Islamic Republic is prepared to establish preferential tariffs and free trade with some regional countries, particularly Afghanistan, Pakistan, and Oman.

Speaking at a meeting of a working group on the development of non-oil exports of the southeastern province of Sistan and Balouchestan, Khosrotaj underlined that the province can play a key role in boosting relations with countries like Afghanistan, Pakistan, and Oman.

Regarding preferential tariffs and free trade, the TPO has done the planning, he said, adding that the organization is ready to establish free trade with countries that have common borders with Sistan and Balouchestan.

Iran has stepped up efforts in recent years to enhance its non-oil exports and reduce dependency on its oil revenues.

In 2014, the country’s exports of commodities and natural-gas condensate reached $50 billion, showing a 19 percent increase.

There was also a boom in Iran’s service exports in diverse sectors, including tourism, engineering, and transit.