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Armenia could be included in tax-free industrial zone project?

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  • Armenia could be included in tax-free industrial zone project?

    ARMENIA COULD BE INCLUDED IN TAX-FREE INDUSTRIAL ZONE PROJECT?

    PanARMENIAN.Net
    20.10.2009 20:18 GMT+04:00

    /PanARMENIAN.Net/ Turkey and Iran plan a tax-free industrial zone
    on the border between the two countries, Turkish Industry Minister
    Nihat Ergun said, business daily Referans reported on Tuesday.

    The zone, where companies from the two countries may sell goods such
    as fuel products, electricity and technology, may be established near
    the eastern Turkish town of Igdır, Ergun said.

    Prime Minister Recep Tayyip Erdogan may pen an agreement on the new
    facility during a visit to Tehran next week, Referans reported.

    Armenia and Syria could also be included in the project, Referans
    cited Ergun as saying.

    Iran and Turkey plan to join forces to set up an industrial township
    on their common border, says the Iranian ambassador to Ankara.

    In a meeting with Turkish Foreign Trade Minister, Zafer Caglayan,
    Iranian Ambassador, Bahman Hosseinpour, said that Iran's offers to
    expand transportation cooperation and establish joint industrial
    townships will help cement ties.

    Iran and Turkey plan to double the annual trade volume between the
    two countries from $10 billion in 2008 over a five-year period.

    Caglayan also said that "a special team from the Ministry of Foreign
    Trade and the Ministry of Trade and Industry" is studying the
    implementation of a industrial township on the common border between
    the two countries.

    Caglayan also added that he will accompany Turkish Prime Minister,
    Recep Tayyip Erdogan, during his upcoming visit to Tehran.

    The two sides plan to sign a free-trade agreement, create a joint
    economic zone and upgrade the Lake Van Northern Passage Project to
    an electrified railway in a bid to boost business transactions.

    Tehran and Ankara also aim to remove all limits and fees for overland
    transportation.

    From: Emil Lazarian | Ararat NewsPress
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