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Free zone incentives announced as support for Iranian goods

Sunday, Apr 08, 2018

The secretary of the Supreme Council of Iran’s Free Trade, Industrial and Special Economic Zones says the council will support Iranian goods this year, adding new incentives have been considered to achieve this goal.

(SHADA: TEHRAN) -- Referring to the announcement of resistance economy policies and favorable performance of the free zones, Morteza Bank said: Based on the goal of this year to support Iranian goods, the structure and new programs of free zones will also be operational in order to increase production and export development.

The essential infrastructures established in free zones provide opportunities to address more important plans, including international trade, export development and technology entry, he noted.

Expressing that we need to look for new ways of funding, Morteza Bank said: Avoiding land sales and tolls by replacing modern methods will ensure the security of economic activity and investment.

Assistance to the private sector and trust in the ability of investors in this sector are among our priorities in order to achieve the desired index in Iranian goods production and export through free zones, he stated.

According to him, other priorities of the country's free zones this year include launching a single unit for providing services, establishing an international exchange, establishing foreign banks, increasing international interactions, and supporting domestic producers to boost production and exports.

Morteza Bank announced the deployment of an integrated customs services system in the free zones of the country by the end of Ordibehesht (May 20), saying: Indeed, this system has been in operation since the end of last year in two free zones of Arvand and Aras, and the rest of the zones will be connected to this system.

Bank also talked about the implementation of construction projects in the free zones of the country, saying: Observing the ratio of development and current credits is one of the successes of free zones, and on this basis, 70% of the credits are spent on construction projects and 30% on current expenses.

In the end, he said that the department for the development of rural and deprived areas supports new employment projects and plans in the villages of free zones.


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