Import cap from trade-industrial free zones is reduced

Iran reports that in order to support domestic goods, the import cap from the seven trade-industrial free zones has been reduced. Based on this, in the first three months of the year, each zone has only a 10 million dollar quota for import, 10% of which is dedicated to clothing. In other words, only 7 million dollars import of clothing per three months would be allowed to enter from free zones. This decision was said to be made in order to reduce illegal imports. The Headquarters for Combating Smuggling of Goods and Currency has announced that prior to 1396, 2.5 billion dollars’ worth of clothing was smuggled into the country which was reduced by 1 billion dollars in 1396.

Previously, Masoud Karbasian, Minister of Finance had said: “In 1395, 70 million dollars of clothing entered Jolfa economic free zone located in Aras (north-west of Iran); officially only 1 million dollars of which entered the mainland.”

The seven trade-industrial free zones in Iran are: Qeshm Trade-Industrial Free Zone, Chabahar Trade-Industrial Free Zone, Aras Trade-Industrial Free Zone, Anzali Trade-Industrial Free Zone, Arvand Trade-Industrial Free Zone, Kish Trade-Industrial Free Zone, Maku Trade-Industrial Free Zone.