Iran is moving forward with plans to establish a joint free trade zone with Turkey, according to Iranian officials. The initiative is seen as part of broader efforts to strengthen bilateral economic and trade ties as both countries seek to diversify their partnerships.
The proposed free trade zone is expected to facilitate the flow of goods, reduce tariff barriers, and boost mutual investment. This comes at a time when both Iran and Turkey are facing economic pressures and looking to expand their export markets.
Iranian authorities said the creation of the free trade zone would be a significant step, enabling both nations to fully leverage their geographical advantages, particularly their shared border. Technical negotiations between the two sides are expected to take place in the coming period to finalize the legal framework and specific terms.
No details have yet been released regarding the timeline for signing or the range of goods that would benefit under the free trade zone. However, analysts view this as a positive signal for regional economic relations, especially amid ongoing global supply chain disruptions.
