Nasrullah Ebrahimi:

Iran, Russia to Create Joint Free Zones

Kish Island, October 31, 2022-Nasrullah Ebrahimi, the acting Secretary of the Supreme Council of Free Trade-Industrial and Special Economic Zones, announced the cooperation between Iran and Russia in the 16th Iran-Russia Joint Economic Commission to form joint free zones.

According to the Public Relations and International Affairs Department of Kish Free Zone Organization, quoting from Freena, in an interview with Shana's reporter, about the presence of the Secretariat of the Supreme Council of Free Commercial Industrial and Special Economic Zones in the 16th meeting of the Economic Commission of Russia and Iran, Nasrullah Ebrahimi said: "This council aims to create joint free and special economic zones between the two countries."

Regarding the details of this council's negotiations with the Russian side, Ebrahimi said: "There are two primary documents for the creation of joint and industrial free zones; one is Iran's membership in the Eurasian Economic Union to create joint free zones between the member states of the Eurasian Union, including Kyrgyzstan, Kazakhstan, Armenia, Belarus, Russia, and Iran, based on which the two countries reached an agreement, both countries among the free zones, the joint free zone or create a joint investment zone between the free zones of the two countries so that they can develop the level of economic, commercial and industrial interactions and cooperation in energy, industry, tourism, transit and logistics hubs, transportation and monetary, banking, financial institutions, international stock exchange and all foreign exchange."

The acting Secretary of the Supreme Council of Free Trade-Industrial and Special Economic Zones also clarified the second document of the 16th meeting of the Permanent Commission of the Member States: This document is concluded between the Islamic Republic of Iran and the Russian Federation, and the creation of joint free zones is also emphasized in this context. This issue was discussed during the visit of the first vice president of Iran and the accompanying delegation, especially in the Caspian Sea area. In this meeting, we will sign a memorandum of understanding with the Minister of Economic Development of the Russian Federation regarding establishing a joint free zone.

According to Shana, the 16th meeting of the joint economic commission of Iran and Russia is hosted by Russia from October 30 to November 1. Iranian Minister of Petroleum Javad Owji is the head of the Iranian delegation of this joint commission, and Alexander Novak, the deputy prime minister of Russia, is also the head of the Iran-Russia joint commission from Russia.

PR & Int'l Affairs Department- KFZO