Armenian businessmen familiarize themselves with free trade zone on Iranian Kish IslandFebruary 1, 2011 - 18:59 AMT PanARMENIAN.Net - Armenian Ministry of Economy hosted a presentation of free trade zone on Iranian Kish Island. The press service of the Armenian Development Agency reported that favorable conditions are created on the island for both Iranian and foreign investors. Specifically, the law envisages investments by Iranian and foreign citizens, Iran’s guarantees for safety of capital investments and investors’ right to withdraw them, as well as freely dispose the obtained income. Besides, the law envisages duty-free import of equipment, means of transport, raw materials and construction materials for construction of industrial, trade and residential facilities; income and property tax exemption for 15 years, as well as usage of qualified foreign labor force in the free trade zone up to 10% of the total number of employees, etc. Kish Island is located 18km of the southern coast of Iran, what allows for goods transit via Iranian railroads and highways to the countries of South Caucasus and Central Asia. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. |