Tehran Times | Monday, February 9, 2009
Govt. allows free trade between Iran and Persian Gulf countries
Tehran Times Economic Desk
TEHRAN - Iran’s cabinet gave the green light for the signing of an agreement for free trade among Iran and the Persian Gulf Cooperation Council, announced a commerce ministry official here on Sunday.
Hossein Soltani-Nia told the Mehr News Agency that by signing the agreement the trade tariffs among Iran and the Persian Gulf states will be reduced to a minimum level.
The deal will also promote Iran’s trade with these countries by providing Iran with the same tariff conditions as those that exist among the littoral states themselves