Iran Stresses Establishment Of Islamic Common Market

Secretary of Iran's Free Trade Zones Coordination Council Akbar Torkan on Saturday urged Muslim states to help in establishing an Islamic common market, Iran's IRNA reported.

Addressing the two-day Trade Conference of Muslim Countries, he noted that Iran's Free Trade Zones (FTZs) are good examples of Islamic free trade that aim to facilitate trade among Muslim states.

Muslim countries should do their best to set up joint banks, use common currencies and establish common markets to ease trade among their private sectors, Torkan added.

Kish Island in the Persian Gulf hosted a two-day conference of scholars and traders from 20 Muslim countries on Saturday in a bid to facilitate trade cooperation and transactions among them.

Some 60 Muslim traders and scholars from 20 countries, including Tunisia, Algeria, Egypt, Lebanon, the United Arab Emirates (UAE), Qatar, Turkey, Bahrain, Saudi Arabia, Iran, Azerbaijan, Georgia, Russia, Britain and Afghanistan took part in the conference.