The Iran Project
: The head of the Iran-Syria Joint Economic Cooperation Commission has announced the two sides will make the establishment of joint insurance and banking institutes as well as free trade zones operational.
Thursday 7 December 2023 - 18:12
Story Code : 408343
Source : Mehr News
Iran, Syria to set up joint free trade zones: Iran minister
Iran and Syria are accelerating operational measures to implement bilateral accords, he said, proposing the formation of a permanent joint energy committee between the two countries in order to follow up agreements concerning gas and electricity cooperation.
The Iranian minister of roads and urban development also underlined the need for finalizing the Tehran-Damascus railway project, noting that the Islamic Republic of Iran Railways is fully prepared to study the reconstruction of damaged railroads in Syria.
Syrian Minister of Economy and Foreign Trade Mohammad Samer Khalil declared both parties’ plans to pursue joint ventures such as setting up free trade zones and joint insurance and banking institutes.
The Syrian official also said the two sides have reached a good consensus regarding the guidelines of the free trade agreement, and the framework of cooperation between central banks, as well as tourism, and transportation sectors.
Reporter : Editorial of The Iran Project
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