Exports from FTZs up by 25%

MNA – Secretary of High Council of Free Trade-Industrial Zones said value of exports from Iranian Free Trade Zones (FTZs) have climbed by 25 percent reaching one billion dollars.

Morteza Bank, President’s Adviser on the issues related to the Free Trade, Industry, and Economy Zones, rejoiced to say that “exports from Free Trade Zones have soared by 25% as compared to the previous year and reached one million dollars in worth.”

“The incumbent government pursues the policy to attract domestic and foreign investment, improve investment conditions, create and expand industries and trade transactions,” highlighted the official explaining that the government attached great importance to FTZs.

He noted that FTZs had made satisfactory and appropriate growth in terms of exports expressing hope that the zones become more active with attraction of more finance.

Morteza Bank rejected the claims that goods are smuggled through FTZs underlining that the issue had been raised by certain media; “no smuggling is done through these regions thanks to the cooperation between Iran Customs Administration and Free Trade Zones.”

At the end of his remarks, the official said investment was growing in the Iranian FTZs.