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VP: Iran to Set Up New Free Trade Zone to Boost Border Exchanges with Western Neighbors

TEHRAN (FNA)- Iranian Vice-President for Economic Affairs Mohammad Nahavandian announced that the country intends to increase its trade interactions with the neighboring countries by establishing a special economic zone.
“The government has proposed Parliament to set up Baneh-Marivan Free Trade Zone,” Nahavandian said during his visit to Kordestan province, Western Iran, on Thursday.
The Iranian vice-president, meantime, said that strengthening border capacities is one of the pivots of development in Kordestan province.
Nahavandian termed Iraq as one of Iran’s new trade partners, and said that exchanging trade and economic activity with the neighboring countries is prioritized by the government, so that trade infrastructures of borders should be increased.
In a relevant development in early July, a senior local official in Iran’s Western province of Kordestan announced that the country is capable of providing 300MW of electricity to the Northern Iraqi city of Sulaymaniyah.
Managing Director of Power Distribution Company of Kordestan Hiva Lahounian declared Iran’s Kordestan province power generation unit has the capacity to provide Iraq’s Sulaymaniyah with 300MW of electricity.
He added that should the necessary infrastructures on both sides be provided, the figure can increase to 900MW in the long term.
Iraq is the biggest importer of Iranian electricity for more than a decade. The Arab neighbor needs at least 23,000 megawatts of electricity to meet domestic demand. Decades of war, civil strife and terror attacks have destroyed its power infrastructure. Iraq has a power deficit of 7,000 MW.
In Summer, the temperature rises to near 50 degrees Celsius in the country, making its demand for gas and electricity increase exponentially.
Iran is a major energy generator in the region supplying its neighbors with oil, gas and electricity.

Date: 12/24/2019
Source : روابط عمومی