Iran’s free zones council:
Khoy eyed for joint free trade zone with Turkey
The capacities and challenges related to developing infrastructure for the establishment of a first joint free trade zone between Iran and Turkey in the Khoy region of West Azerbaijan Province were reviewed, said Reza Masrour, the secretary of the Supreme Council of Free Trade-Industrial and Special Economic Zones of Iran.
The announcement was made during a visit to the industrial zone, production units, the Razi border terminal and Khoy Airport in the northwestern province.
Masrour stated that Khoy’s valuable infrastructure, including its airport, industrial zone, and border terminal, makes it a viable candidate for the creation of a joint free trade and industrial zone with Van, eastern Turkey.
He added that the zone, if established, would mark the first joint cooperation experience between Iran and Turkey and could lead to a significant transformation in the regional economy and an increase in trade exchanges between the two countries.