Business

Iran and Turkiye to establish a joint free trade area

Huccetullah Abdulmeleki, Secretary of the Supreme Council of Iranian Free and Special Economic Zones, stated that a joint free trade zone will be established between Iran and Turkiye.

Abdulmeleki, at the press conference he held at the Iran Export Fair (IRAN EXPO 2023) in the capital Tehran, noted that they were meeting with 18 countries for the establishment of a joint free trade zone.

Stating that they also held talks with Turkiye on this issue, Abdulmeleki said, “In the last few months, our experts have generally held online negotiations with their interlocutors.”

Noting that a memorandum of understanding on the establishment of a joint free trade zone has been prepared, Abdulmeleki stated that the said agreement will be signed in a month or two.

Abdulmeleki stated that they had positive meetings with Turkiye at the parliamentary level in the past months, and that they also visited two free trade zones in Turkiye.

Stating that they aim to have a good cooperation by sharing mutual experience, Abdulmeleki expressed that they focused on the transfer of technology necessary for a good management of the free trade zone.

Abdulmeleki stated that they are waiting for the signing of the memorandum, and that they will start the activities of the free trade zone by addressing legal, technical and geographical issues after the signing.

Source: Trthaber / Prepared by Irem Yildiz

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button