Majlis-Economic Zones (Iran to set up special economic zones

IRNA ^ | 04/30/02 | N/A

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Majlis-Economic Zones /ECO/

Majlis studies bill on new Special Economic Zones

Tehran, April 30, IRNA -- The Parliament is expected to approve the

general outlines of the bill on establishment special economic zones

by May 21, Tuesday edition of the English-language newspaper `Iran

Daily' said quoting a member of the Majlis Economic Commission Iraj

Nadimi.

Nadimi said that the bill, which is being debated by the Majlis,

will encourage domestic production, establish trade ties with foreign

countries, improve the economy, help bring in new technology, promote

exports, generate jobs, attract investment and transit of goods, Iran

Daily quoted the Persian daily `Aftab-e Yazd' as writing on Monday.

Given the State Expediency Council's approval of investment by

expatriate Iranians, he said that the role of special economic zones

in the domestic economy is promising.

To speed up the process of establishing such zones, the Majlis

trade policies committee held its first meeting which was also

attended by members of the economic, social, national security,

energy, plan and budget, industries and mines as well as legal and

judicial commissions, said Nadimi.

He noted that representatives of free trade zones, Iran's Customs

Administration and the Economy and Finance Ministry were also present

at the meeting.

The lawmaker said that the meeting discussed the distinction

between special economic zones and border markets, cooperatives and

free trade zones, their responsibilities and impacts on the economy.

He conceded that foreign investment will be needed to set up

special economic zones.

BG/AH

End

::irna 20:01