Chabahar Free Trade-Industrial Zone
Script error: No such module "Infobox".Template:Template otherScript error: No such module "Check for conflicting parameters".Script error: No such module "Check for unknown parameters".
Chabahar Free Trade–Industrial Zone (CFZ) (Template:Langx) is an Iranian free trade zone formed according to the law on the establishment and administration of free trade–industrial zones .
Chabahar free trade–industrial zone was established in 1992 along with the two other free trade zones Qeshm and Kish Island to use global expertise (mostly from South East Asia) as a tool for the development of the country, accelerating the accomplishment of infrastructure, creation of employment, and representation in global markets.[1]
Main activities
The Chabahar Free Trade-Industrial Zone commenced its operations in 1995, with a primary focus on five major areas: the transit of merchandise goods, investment attraction and related services, tourism, construction and urban development, and education. These activities are overseen by the Chabahar Free Trade-Industrial Zone Organization, which is under public control.
May 2016 agreements between Iran and India
After overseeing a series of agreements intending to develop the Port of Chabahar, India's Highways and Shipping Minister, Nitin Gadkari suggested that the Chabahar Free Trade-Industrial Zone had the potential to attract upwards of $15 billion worth of investment in the future,[2] although he stated that such investments are predicated upon Iran offering India natural gas at a rate of $1.50 per million British Thermal Units,[3] which is substantially lower than the rate of $2.95 per million British Thermal Units offered by Iran.[4] The two countries also signed a memorandum of understanding to explore the possibility of setting up an aluminum smelter at a cost of $2 billion,Script error: No such module "Unsubst". as well as establishing a urea processing facility in Chahbahar,[5] although these investments are also contingent upon Iran supplying low-cost natural gas for operation of those facilities.[6]
See also
References
<templatestyles src="Reflist/styles.css" />
- ↑ Article 1 of law on the establishment and administration of free trade-industrial zone
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
Script error: No such module "Check for unknown parameters".
External links
Further reading
- * Script error: No such module "citation/CS1".
Script error: No such module "Coordinates".