Sign In / Up

Add contribution as a guest

Your email will not be displayed publicly
Benefit of signing in/signing up to personalize comment

Comment as a guest

Your email will not be displayed publicly
Benefit of signing in/signing up to personalize comment

Login

Not a member Register   Forgot Password
or connect using
 

Email

 

Rudaw

Business

Free-trade for 4 items at Garmian border crossing with Iran: KRG officials

By Rudaw 6/7/2018
Located on the border between the Kurdistan Region and Kermanhah, Parviz-Khan crossing will implement a free-trade zone starting on July 7, 2018. Photo: Rudaw TV
Located on the border between the Kurdistan Region and Kermanhah, Parviz-Khan crossing will implement a free-trade zone starting on July 7, 2018. Photo: Rudaw TV

ERBIL, Kurdistan Region — Iran and Kurdistan Regional Government agreed to develop the Parviz-Khan border crossing by allowing the free trade of some certain items between the borders.


"There was a big business conference in Erbil to promote business between Iran and the Kurdistan Region. Fortunately, now, KRG and Iran have agreed to create a free-trade zone at the Parviz-Khan customs center for cars, car tires, various types of rice, and cooking oil," Ali Tofiq Mohammad Kharib, the director of the Parviz-Khan border crossing in Garmian, told Rudaw.

Previously, traders had to pay a fee to cross the border and sell. Starting on Saturday, KRG and Iranian businessmen can exchange these items through a free-zone zone in the customs area of the crossing.


KRG and Iranian officials discussed plans to develop business ties at a conference in Erbil in May. 

"First, facilitations need to be made for the importation and exportation of goods and services, especially high quality commodities," KRG Planning Minister Ali Sindi proposed at the conference. "Second, unofficial border crossings, where trading is taking place needs to be recognized, so that it can become official and come under controls and monitors on both sides."

According to director of Garmian customs, the KRG revenue from the Parviz-Khan custom was about 63.75 billion Iraqi dinars ($53.6 million) in 2017.

"If the KRG and Iran agree on a free import and export for more items, the KRG’s revenues at Garmian customs can increase two or three times," Hussein Ahmad Qadir, the director of customs in Garmian, told Rudaw.  

Following the Kurdistan Region's independence referendum in October 2017, Iran closed the Parviz-Khan until January. It is located in Sulaimani province, 231 kilometers southeast of Erbil.

The Kurdish provinces of Iran — Kermanshah, West Azerbaijan, and Kurdistan — were already some of the poorest in the country. Their economic woes have been compounded by the US pulling out of the nuclear deal and a drastic fall in the value of the Iranian currency. 
2489 Views

Be Part of Your Rudaw!

Share your stories, photos and videos with Rudaw, and quite possibly the world.

What You Say

Hhsh | 11/15/2018 7:23:15 AM
Wow great move turkey. NOT killing the PKK is one thing but targeting them and killing peshmerga even if by accident BIG MISTAKE!
Turkish airstrikes kill at least 3 people including Peshmerga in Amedi
| yesterday at 09:25 | (1)
The Reader | 11/14/2018 10:34:54 PM
Who can explain why does the USA fear Erdogan? Turkey hates and humiliates the Americans while the US, fearful, bows to Turkey and behaves ...
Tahir Fatah | 11/15/2018 6:09:44 AM
MR. ROMANO, I ALL WAYS APPRECIATE YOUR GRATE AND INTERESTING ARTICLES LEARN A LOT ABOUT THE HISTORY AND POLITICS OF THE LAND WHERE I CAME FROM...
Erdogan, Ottomanism and Turkish nationalism a century after WWI
| 14/11/2018 | (4)
Yassir Fekaiki
Yassir Fekaiki | 11/14/2018 3:37:53 PM
He should contact Bafel Talabany' and his Cunter Terrorists Group who own and use the real $500,000 ones for fun on London streets with Registration...
Saleha Bhayat | 11/15/2018 2:02:12 AM
Well Done on building your super car.
Kurdish chop shop builds homemade Lamborghini
| 14/11/2018 | (2)
JamKurd | 11/15/2018 12:43:11 AM
This Daesh SOB should be delivered to the Kurds to be executed with families of the Peshmarga martyred participate in tightening the noose around...
Senior ISIS leader confesses to capturing, parading Peshmerga
| 14/11/2018 | (1)

Elsewhere on Rudaw

0.625 seconds