Russia, Iran mull expanding ties between SEZs

Russia and Iran have discussed the issue of concluding a memorandum of cooperation between the special economic zones (SEZ) of the two countries, according to the press service of Russia’s Ministry of Economic Development, Report informs referring to foreign media.

The move comes following a meeting between Deputy Economic Development Minister Dmitry Volvach and Advisor to the President of Iran, Secretary of the Supreme Council of Iran’s Free Trade, Industrial and Special Economic Zones Hojjatollah Abdolmaleki.

“The parties discussed the issue of concluding a memorandum between the Russian Ministry of Economic Development and the Supreme Council of Free Trade, Industry and Special Economic Zones of Iran with the participation of the Union on Cooperation between the Special Economic Zones of Russia and Iran, which will be aimed at expanding ties between the SEZs for the implementation of production, trade, economic and investment cooperation,” reads the statement.

During the videoconference meeting, Dmitry Volvach informed his Iranian colleagues about the creation of the Technology and Logistics Union in Russia. “The activities of the union are aimed at deepening trade, economic, transport and logistics cooperation between Russia and the countries of the Caspian region and states expressing interest in the North-South International Transport Corridor,” he noted.