Non-oil exports from Arvand Free Zone at $1.2b in 11 months

Over $1.2 billion worth of non-oil commodities was exported from Arvand Free Trade Zone during the first eleven months of the current Iranian calendar year (March 21, 2018 – February 19, 2019), a deputy at Arvand Free Zone Organization announced.

In an interview with IRNA on Sunday, Syed Ali Mousavi, the deputy director of Arvand Free Zone Organization for investment affairs, said the figure shows 23 percent rise compared to the same period of time in the previous year.

Iran’s non-oil trade with other countries registered a $1.5-billion positive balance in the first eleven months of the current Iranian calendar year, Finance and Economic Affairs Minister Farhad Dejpasand has recently announced.

The minister put the value of non-oil exports at $40 billion and that of the imports at $38.5 billion in the mentioned period of time.

Dejpasand mentioned the positive balance a very satisfactory result given all limitations the country is already facing.

Arvand Free Trade Zone in the southwestern province of Khuzestan is one of the seven major free trade zones of Iran.

This Zone has long been one of the border and oil rich zones of the country due to the existence of freshwater Rivers of Karun and Arvand and also transportation facilities including road, rail, sea and air.

Lands of this Zone have been allocated to industrial activities, and other sectors, such as trade, tourism and office, to ports, warehousing and transit, and investors can invest in any of the economic activities.