10/2/2009

Turkey and Iran plan to create free industrial zone

AA - Turkey and Iran plan to set up a free industrial zone, said Turkey's Industry and Trade Minister. The idea came up for consideration last year, while Turkey and Iran aim to conclude the project by year end. "The project to establish a free industrial zone at the border was suggested by Iran and we accepted it", said Nihat Ergun. "Our legal infrastructure and incentives system paves the way for such a project. Meanwhile, Iran's rich energy, natural gas and natural resources could make a huge contribution to it", Ergun noted. "We are attaching great importance to this project in order to make it the biggest and most important industry and production hub in the Middle East", he added. Ergun said the zone will cover the eastern Anatolian provinces of Van and Igdir, which are located along the border with Iran; Igdir in the north and Van in the south.