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Iran turns to economic zones to encourage balanced growth

Iranian lawmakers have approved a bill to establish a series of new special economic zones to counter the country's uneven development.
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The Iranian government is trying to address the issue of uneven economic development, which is most obvious in border regions, by creating more economic free zones. In pursuit of this aim, a bill proposing the establishment of eight new economic-industrial free zones and 12 special economic zones (SEZ) was submitted to parliament in 2016. The text was just approved by lawmakers Aug. 29 after the number of SEZ was increased to 69 earlier this month by parliament's Economic Commission.

The legislation could transform Iran’s geo-economic map.

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