Iran Plans Free Trade Zone with Iraq
Sources confirm that Iran is working to establish a free trade zone with Iraq in Mehran through the Zurbatiya border crossing, aiming to bypass American sanctions and facilitate the movement of goods and commodities beyond the scope of the economic blockade imposed on Tehran. This initiative, which was approved in 2021 and has been operational since last February, involves registering around 470 companies and activating customs procedures, in addition to launching industrial and service projects that provide hundreds of jobs. The plan relies on legally and security-wise defining the boundaries of the zone, with expectations of establishing commercial and administrative complexes, as well as opening factories to contribute to strengthening trade exchange between the two countries, transforming it into a shared economic gateway.
Notice: This Is an AI-Generated Summary
Comments (0)