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Iran ready for free trade with regional countries: Official

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Iran Daily | 11 September 2017

Iran ready for free trade with regional countries: Official

Iran is ready to establish preferential tariffs and free trade with some regional countries, particularly Afghanistan, Pakistan and Oman, said the head of Iran’s Trade Promotion Organization (TPO).

Mojtaba Khosrotaj, who was addressing a meeting of a working group on the development of non-oil exports of the southeastern province of Sistan-Baluchestan, underlined that the province can play a key role in boosting relations with countries such as Afghanistan, Pakistan and Oman, Tasnim News Agency reported.

Turning to preferential tariffs and free trade, he said that the TPO has conducted necessary planning to this effect and is ready to establish free trade with countries having common borders with Sistan-Baluchestan.

Iran has stepped up efforts in recent years to increase non-oil exports and cut dependency on oil revenues.

In 2014, Iran’s exports of commodities and natural-gas condensate reached $50 billion, showing a 19 percent increase year-on-year.

There was also a boom in Iran’s service exports in sectors such as tourism, engineering and transit.

 source: Iran Daily