Iran Proposes New Caspian Sea Free Trade & Tourism Area

Posted by

Iran has proposed the creation of a common economic area for countries bordering the Caspian Sea. Speaking at the Second Caspian Sea Forum held in Moscow last week, Iranian First Vice President Mohammad Mokhber also suggested introducing simplified customs procedures known as a “green corridor” in the region.

“Iran supports comprehensive cooperation with neighboring nations, especially the Caspian states… In order to use the state and private [business] potential of the Caspian countries to their full extent… we suggest creating a common economic zone in the Caspian region as well as a green customs corridor,” Mokhber said.

The Russian government also said at the forum that Russia, Iran and Azerbaijan are looking to jointly develop tourism on the Caspian Sea, including passenger ship cruises.

The region includes Russia, Iran, Azerbaijan, Kazakhstan and Turkmenistan – countries rich with energy resources such as oil and gas. Russia and Iran agreed earlier this year to expand the use of their national currencies in trade.

Related Reading


About Us
Silk Road Briefing is written and produced by Dezan Shira & Associates. As global geopolitics change the way supply chains are developing, we provide regional analysis of the emerging trends and where opportunities for foreign investors are. Our firm provides market research and intelligence for issues affecting all the Belt and Road Initiative countries with assistance from our wide business network of over 100 regional offices. To learn more about how we can help your business evaluate the changing dynamics, email us at or visit