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Van To Become Business Center: Hurriyet

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  • Van To Become Business Center: Hurriyet

    VAN TO BECOME BUSINESS CENTER: HURRIYET

    news.am
    Nov 4 2009
    Armenia

    Van, the 7,000-year-old cradle of civilization in eastern Anatolia,
    will become a major industrial and commerce center if plans for a free
    trade zone on the border between Iran and Turkey come to fruition,"
    the Hurriyet daily reads.

    The newspaper recalls ancient Armenian city in this frames as a result
    of recent Iranian-Turkish initiative on joint project to build an
    international free industry and commerce zone.

    "Using Iran's cheap energy and Turkey's know-how and technology, the
    idea is to produce goods in eastern Turkey on the Iranian border and
    transfer them to Central Asia and Iraq via a railway along the route
    of the historical Silk Road, which extends all the way to Pakistan,"
    the source says.

    The Hurriyet quotes Van Governor Munir Karaloglu: "Turkey has free
    trade zones and industrial zones, but no international free industry
    and commerce zone yet. Industrialists from both countries will use a
    common area and energy from a foreign country. The customs taxes will
    be abolished, although there is no legal groundwork laid out yet. The
    biggest handicap for our manufacturers is the cost of energy. If
    we succeed in serving our producers with cheap Iranian energy,
    a significant economic boom will occur in the region."

    From: Emil Lazarian | Ararat NewsPress
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