Preparations Completed for Joint Free Zone on Iran-Turkey Border
Iran announced that preparations for the planned joint free trade zone on the Turkey border are finished and that it is awaiting a step from Ankara.
A new statement was made by the Tehran administration regarding the joint free zone project planned to develop border trade between Iran and Turkey. Secretary of Iran's High Council for Free and Special Economic Zones, Hojjatollah Forouzan, announced that all preparations have been completed for the project to be implemented in the city of Khoy.
Current Status of the Project
Secretary of Iran's High Council for Free and Special Economic Zones, Hojjatollah Forouzan, announced that his country has completed all preparations for the planned joint free trade zone in the city of Khoy on the Turkish border.
Importance of Strategic Location
Located in northwestern Iran, the city of Khoy sits on the main transportation and logistics corridor between the two countries, offering a strategic advantage for expanding commercial and transit connections.
Process from Past to Present
The idea of establishing a joint free zone between the two countries was first brought to the agenda in 2009, and critical talks were held with Ministry of Trade officials in Ankara last December.