Categorized | Industry & Trade

Basra Approves Free Trade-zone with Iran

Basra, 14 April 2010 – Aswat Al Iraq

Basra’s Investment Commission granted a permission to start a free trade-zone area with Iran.

“The project was proposed by a local firm,” a source from the commission told Aswat al-Iraq news agency on Tuesday.

He said that the firm will invest $16.2 million in the project over a period of 25 years.


3 Responses to “Basra Approves Free Trade-zone with Iran”

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  3. […] border with Iraq and create a UAE-Iraq-Iran smuggling network by, among other things, establishing a free-trade zone in the southern Iraqi city of Basra, only 10 miles from the Iranian border.Iran is also supporting […]

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