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Iraqi Kurdistan and Iran expanded bilateral
exchanges on Kish Free Trade Zone
1.5.2007
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May 1, 2007
Kurdistan region (Iraq)
Kish Free Trade Zone and Iraq's Kurdistan on Monday
signed a memorandum of understanding to expand
bilateral exchanges.
Commerce Minister of Iraqi Kurdistan Mohammad Raouf
Mohammad told IRNA on the sidelines of the signing
ceremony that the Kish Free Trade Zone has made
great progress over the past year.
The Iraqi official added that the economic
development and progress of the zone will help Iran
join the World Trade Organization (WTO).
"The trade and commercial activities of the Kish FTZ
in the course of Iran's accession to the WTO is
considered a good experience for other countries,"
he said.
Touching on the MoU between Kish FTZ and Kurdistan
region of Iraq, he noted that the visit of the
Iranian Ambassador to Iraq Mohammad-Hossein Kazemi
Qomi to Kurdistan region, and his eagerness to
expand bilateral trade and commercial relations
prepared the grounds for signing of the agreement.
Pointing to the advantages of enhanced trade and
tourism ties between the two sides, he said that
establishment of an air link between Kish FTZ and
Kurdistan region of Iraq is among the provisions of
the MoU.
He underlined the need to provide businessmen of the
two regions with the opportunity to expand trade
relations, adding, "By forming a joint council
composed of both sides' businessmen as per the MoU,
we will witness a momentum in implementation of the
agreement."
Managing Director of the Kish FTZ Organization Majid
Shayesteh and the commerce minister of Kurdistan
region of Iraq signed the MoU.
irna ir
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