Iran Eyes Deeper Global Integration Through Coop Through FTZs

At the 11th World Free Zones Congress held in Haikou, China, Iran signaled its intent to expand international cooperation through its network of free trade zones. Reza Masrour, Secretary of Iran’s Supreme Council of Free and Special Economic Zones, announced a series of “constructive and effective” bilateral meetings with counterparts from Oman, the United Arab Emirates, Colombia, Jamaica, and several other nations.

Masrour highlighted promising agreements in the realm of digital economy, suggesting they could pave the way for broader technological and economic partnerships. “The more these interactions deepen, the more they can positively impact Iran’s economy,” he said, according to Shada.
In a diplomatic overture, Masrour informally proposed that Iran host the next edition of the global congress, a suggestion reportedly met with interest by the head of the World Free Zones Organization.
He emphasized the importance of translating these discussions into formal agreements. “These negotiations should culminate in memoranda of understanding and international contracts between Iran’s free zones and their global counterparts,” Masrour noted, underscoring the potential for joint ventures in trade, investment, and industrial cooperation.
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