Free Trade Zones – RiotJs Tue, 12 Oct 2021 00:21:04 +0000 en-US hourly 1 TN leads India in industrial land availability – The New Indian Express Tue, 12 Oct 2021 00:09:00 +0000

Express news service

CHENNAI: Tamil Nadu ranks first in the country in terms of availability of industrial land, according to a GIS benchmark developed by the Union government. According to data in the repository, the state has 21,456 hectares of land available for industries, the highest of any state. It is followed by Maharashtra with 20,609 hectares of land available in industrial parks and special economic zones (SEZs). The availability of land for industrial use highlights the state’s potential to attract additional investment.

It should be noted that the Union government has developed a national level industrial land bank based on GIS, which is part of the Industrial Park Assessment System (IPRS) 2.0. The deposit of the land reserve will serve as a single source of information relating to industrial infrastructure. Over 4,420 parks and areas have been mapped covering 5.6 lakh hectares with details regarding utilities, connectivity, availability of raw materials, terrain and real-time plot updates.

Five states – Tamil Nadu (19.59%), Maharashtra (18.82%), Gujarat (17.89%), Rajasthan (9.83%) and Karnataka (7.48%) represent 73.61% of the land available for industries. The process of developing a GIS-based web portal to capture information on industrial infrastructure in India was initiated in 2017. The portal was designed and developed by the Department of Industry Promotion and Domestic Trade (DPIIT) in coordination with the National e-Governance Division, Ministry of Electronics and Information Technology (MeitY) and National Bhaskaracharya Institute for Space Applications and Geoinformatics.

Chennai Free Trade Zone, Flextronics Technologies (India) Private Limited, Sipcot Transport Engineering SEZ in Gangaikondan and Adani Ports and SEZ account for over 50% of vacancy levels and have huge investment potential, according to the IPRS 2.0 report.

The report also ranked Mahindra World City and One Hub in Chennai among the top performing industrial parks, while Chennai Free Trade Zone, Cheyyar SEZ Developers, Larsen and Toubro Limited SEZ, Flextronics Technologies and Mahindra World City Developers were among the top 15 developers. most efficient private sector. SEZs held.

Main states with land availability

  • Tamil Nadu: 21,456 hectares
  • Maharashtra: 20,609 ha
  • Gujarat: 19,586 ha
  • Rajasthan: 10,762 ha
  • Karnataka: 8,189 ha
  • Andhra Pradesh: 6,637 ha

(The western and southern states represent 83% of the land available for industrial investment)

The most efficient private sector in the state

1. Chennai Free Zone
2. Developers of Cheyyar Special Economic Zone
3. Larsen and Toubro Limited Special Economic Zone
4. The developers of Mahindra World City
5. Flextronics Technologies

The best private industrial parks

1 Mahindra World City, Chennai
2 OneHub Chennai

The most efficient industrial parks in Tamil Nadu

1. Sidco Industrial Estate Kakalur
2. Sipcot Ranipet industrial complex

Across the country, more than 4,420 parks and industrial areas have been mapped covering 5.6 lakh hectares

“A single source”
The GIS-compatible land bank repository will serve as a single source for information relating to industrial infrastructure

Source link

Companies in Costa Rica must pay a 1% tax on medical cannabis … Sat, 09 Oct 2021 03:16:28 +0000

(MENAFN- The Costa Rica News) By Guillermo Agudelo October 7, 2021 14 0 Share Facebook Twitter WhatsApp Linkedin Email

Must Read Health STAFF TCRN – Oct 8, 2021 Consuming Hydrolyzed Collagen Reduces Joint Wear Money STAFF TCRN – Oct 8, 2021 How Costa Rican Businesses Capitalize on Video Content Social Media Crash

report this adGuillermo Agudelo I was born in Colombia, I come from humble parents but with good habits and the love of God. I had the great opportunity to grow up with a special aunt in my life, she took me to live in Salt Lake City, Utah, USA. I grew up there, studied at Lehi High and then started studying at BYU. In 2000, I returned to my land and obtained the title of Full Bachelor in Education Mension

The deputies of Committee on the Environment of the National Assembly of Costa Rica finished adjusting the text of the project that approves the use of medicinal cannabis and hemp production in the country and agreed to establish a 1% tax on income derived from medicinal cannabis activities and products.

After taking note of the 82 motions that have been presented to the bill, the legislators have defined that the resources collected from this tax will be used for the monitoring and control that must be done by the authorities of the Ministry of Public Security and the Costa Rican Insurance Fund. Social Security (CCSS) on these products, such as Public Security can carry out inspection and control missions.

TRICK: Receive our latest content in join our newsletter . Do not miss news that matters in Costa Rica. Click here .

Independent MEP Paola Vega, who chairs the Environment Committee, explained that while she would have liked a higher tax in line with the international trend, at least one tribute was obtained which she described as symbolic.

“I would have liked a higher tax, more lower, global discussions, where the cannabis tax is around 30%, there was something very symbolic, like a surcharge,” she said. .

Sowing hemp is free for anyone to do and in the case of cannabis, licenses will be required for production which will be granted by the Department of Health. It is also established that 30% of these licenses will be reserved for associations of small producers, cooperatives and small rural enterprises.

“The objective is to ensure a better distribution of licenses and that they are not concentrated in privileged groups and large companies,” said Liberationist MP Roberto Thompson, also a member of the committee.

Free trade Area

Another approved motion is that companies that are dedicated to the industrialization of cannabis for medicinal and therapeutic purposes can locate in free zones. According to the legislators with this, they seek to attract investment under the regime of the advantages granted by these industrial zones.

Note that these companies will benefit from all the exceptions of the free zone regime, but they will have to pay the “symbolic” tax of 1%. In the case of self-cultivation, this will be allowed as long as the person demonstrates that it is for medicinal or therapeutic use, and not for recreational consumption.

Vega added that this law does not solve the problem of a person wishing to plant their own marijuana in small quantities for a personal problem. “I believe we must now move towards the absolute legalization of recreational cannabis,” added Vega.

Before the extraordinary session

Thompson said there is a large consensus among parties not to reiterate motions in plenary, which would lead to discussion of the project directly in the first debate.

“As the government has been so prudish on this issue and full of prejudices and has not dared to convene the project in special sessions and we expect that it will not do so, then the expectation is to approve it in both. debates this October, ”said Thompson.

MP Vega also believes that the project should be approved before November, when a new period of extraordinary sessions begins, since the Executive continues with a “rather clumsy” view of the use of this industry.


Legal warning: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility for the accuracy, content, images, videos, licenses, completeness, legality or reliability of the information contained in this article. If you have any complaints or copyright issues related to this item, please contact the supplier above.

Source link

Trade relations with Africa continue Sat, 09 Oct 2021 01:29:56 +0000

Dr Mai Osama (head of IPC) holds vials of Chinese Sinovac COVID-19 vaccine in the visual inspection unit of the holding company for biologics and vaccines “Vacsera” in Cairo, Egypt, on August 31, 2021. [Photo/Agencies]

Several African countries are reporting strengthened trade ties with China despite the effects of the COVID-19 pandemic, according to the latest statistics.

In Namibia, China became the country’s main export market in August, accounting for 29.6% of all goods exported. According to the Namibian Statistics Agency, the new figures indicate that China has overtaken South Africa for the first place.

Alex Shimuafeni, the statistician general of the Namibia Statistics Agency, said on Wednesday that the country’s exports to China consist mainly of copper, precious stones and non-monetary gold.

“Trade figures for August 2021 show that exports grew 30% month-on-month and decreased 20% year-on-year. Copper accounted for the largest share of all exported goods, accounting for 69% of total exports mainly to China. , Spain, the Netherlands and France, ”said Shimuafeni.

He added that the value of the country’s exports rose in August, rising 41.5 percent to $ 474 million from its July level. Shimuafeni also noted that South Africa still remains Namibia’s largest source of imports.

Coffee economy

The Ethiopian Coffee and Tea Authority said on Wednesday that China was still among the top 10 Ethiopian coffee importers in August.

Although Ethiopia expected to earn $ 99 million by exporting 29,819 tons of coffee and spices in August, its real income reached $ 125 million with the export of 33,169 tons of the two products, according to a statement. release published by the authority.

In June Ethiopia launched an initiative to get Chinese investors to join local roasters to add value to their products and increase direct coffee exports to China, the efforts appear to be paying off.

Statistics from China have also shown sharp increases in trade between China and Africa despite the ongoing pandemic. China-Africa trade grew 40.5 percent year-on-year in the first seven months of this year, and was valued at an all-time high of $ 139.1 billion, ministry figures show Chinese Trade.

A recent report from the Economist Corporate Network business networking forum showed how these enhanced trade ties between China and Africa are, in part, the result of favorable financial incentives offered by China to African jurisdictions. According to the “BRI Beyond 2020” report published by ECN, 33 of Africa’s poorest jurisdictions exported 97% of their goods to China without tariffs or tariffs.

The report also states that Chinese companies are increasingly supporting the construction of major economic zones in sub-Saharan Africa, including the Zambia-China Economic and Trade Cooperation Zone, the Eastern Industrial Zone in Ethiopia and the China-Free Trade Zone. Nigeria. These investments have helped create jobs, develop local industries and facilitate trade.

Source link

4 things to plan for the next # 12WCC – ICC Thu, 07 Oct 2021 13:55:30 +0000

Discover our program # 12WCC

As more than 1,000 delegates from around the world prepare for the biennial event, here are four things they can expect from the biggest chamber connection of the year.

1. A pioneering program to pilot a promising action plan

Taking place under the theme “Next generation: Chambers 4.0», # 12WCC is a forum for like-minded professionals who value innovation to grow their chamber or business and thrive in the face of disruption thanks to the knowledge and know-how exchanged at the Congress. The event will feature 44 stimulating sessions and highlight a range of topics. These include pioneering chamber-led initiatives adding value to communities around the world showcased at the Global Chambers Competition finals and a digital fitness test for chambers to build business resilience and build business resilience. prepare for the innovation of the bedroom model.

But # 12WCC is more than just knowledge sharing and networking. It is a platform to shape the global chambers agenda and ensure chambers and their member companies remain relevant leaders for the 21st century.

2. A lineup of premier speakers and visionaries

In an increasingly complex and uncertain world, we understand the need for Chambers and their member companies to quickly identify and adapt to emerging challenges and opportunities. That’s why we’ve brought together some of the brightest minds to fight disruption to growth, transparency through innovation, and harnessing the power of technology for the good of people and the planet.

Thanks to our various regional and international expertsof World Trade Organization, International Trade Center, Google, Facebook and more – Delegates will walk away with actionable insights to drive a House 4.0 transformation that benefits Chambers and their respective communities around the world – ultimately contributing to a resilient recovery from the pandemic.

3. Access to the eagerly awaited Expo 2020 Dubai

The # 12WCC will also include a range of business-related activities —Including guided networking; business matchmaking meetings; investment and trade opportunities; site visits in the free zones of the United Arab Emirates, the Dubai Silicon Oasis, the Dubai Future Foundation and the Prime Minister’s Office – and even access to the mega event, Expo 2020 Dubai – the first World Expo to be held in the Middle East. By aligning the two major events, Chambers will have the opportunity to use the Expo platform, expand their reach and explore cross-border partnership opportunities.

4. Participation of more than 100 countries, including least developed countries (LDCs)

From Comoros to Tuvalu, room representatives of nearly 30 less developed economies will participate in # 12WCC with funding from our Congress co-organizer, the Dubai Chamber. Contributing to the inclusion goals of the event, the participation of representatives will ensure that the voice of LDC chambers feeds into discussions and exchanges on a wide range of issues affecting their respective communities while enabling LDC chambers to improve their skills. management and service capacities to strengthen private sector development.

The 12th World Chambers Congress is co-organized by ICC, its World Federation of Chambers and the Dubai Chamber. Register your spot at # 12WCC today.

Source link

Which countries offer visas that help entrepreneurs to work abroad? Wed, 06 Oct 2021 15:45:00 +0000

As the world entered lockdown in 2020, businesses and workers have had to adapt the way they work.

Employees have saved time spent on daily commutes, while Zoom conference calls have replaced brick-and-mortar meeting rooms.

Eighteen months later, it seems like the traditional daily 9 to 5 office routine isn’t coming back for everyone. Microsoft, Twitter, and Facebook are some of the big tech companies leading the way in making remote working an organizational element.

Relocating to work in a destination with favorable conditions or where restrictions are more relaxed is becoming popular among expats.

Many destinations offer visas and programs to facilitate this, not to mention destinations that pay digital nomads to work there.

In Europe, Croatia introduced special visas for digital nomads outside the EU, allowing them to stay for a year without paying income tax.

The country has even turned the port city of Zadar into a “village”, aimed specifically at digital nomads who want to leave the office.

Spain is also planning to introduce a digital nomad visa that will allow people to stay and work for up to 12 months. Startups can also benefit from tax incentives to encourage young entrepreneurs to move to a new location.

About 30 towns and villages across Spain have decided to join the Red Nacional de Pueblos Acogedores para el Teletrabajo (or National Network of Welcoming Villages for Remote Workers) to encourage digital nomads to visit. They all have less than 5,000 inhabitants and wish to attract new inhabitants to repopulate their streets.

Dubai is another such country and has announced that a new remote work visa is being made available to workers around the world.

This one-year visa allows employees to work in Dubai even if their company is based in different countries.

Many expatriate business owners in the emirate choose to operate in free zones – economic zones where companies can exchange goods and services, usually at preferential tax and customs rates.

Originally from France, Sabine Arnoult, told Euronews that she had created her business “Le cordonnier” in a free zone in order to have 100% of the company.

Spread across the city, there are over 30 free zones, each designed to be advantageous for a defined industry, but the requirements for starting a business vary from free zone to free zone.

Source link

Zulum and seven Lake Chad governments meet in Cameroon on regional security Wed, 06 Oct 2021 02:41:22 +0000

Babagana Zoulum

Borno State Governor Professor Babagana Zulum and seven other governors of the Lake Chad Basin met on Monday in Yaoundé, Cameroon, to discuss regional security cooperation and the way forward for it. improve stability.

The region, due to the Lake Chad recession and resulting impoverishment, has been plagued by Boko Haram for more than a decade.

The governors were from the regions surrounding Lake Chad in Nigeria, Niger, Cameroon and Chad.

A statement from Zulum spokesman Mallam Isa Gusau said on Tuesday that his principal joined seven other governors of the Lake Chad basin on Monday in Yaoundé, Cameroon, to discuss regional security cooperation and the way forward to improve stability.

He revealed that the meeting brought together six governors, including Zulum de Borno, Issa Lamine from Diffa in the Republic of Niger; Midjiyawa Bakari from the Far North of Cameroon; Abate Edii Jean from the Northern Region of Cameroon; Mahamat Fadoul Mackaye from Lake Province in Chad and Amina Kodjyana Agnes-Hadjer Lami also from Chad, while the governors of Adamawa and Yobe states in northeast Nigeria were represented.

He said the meeting organized by the Lake Chad Basin Commission, with technical support from the African Union, the United Nations Development Program and the Crisis Management Initiative, was organized by the Cameroonian government. in collaboration with the Forum of Governors of Lake Chad.

According to him, the meeting, which was declared open by the Cameroonian Prime Minister, Joseph Dion Ngute, accompanied by the mayor of Yaoundé, Mr. Luc Messi Atangana, addressed security issues with a focus on terrorist attacks and humanitarian impacts in the region; and also reviewed the implementation of regional stabilization strategies, which were adopted in 2019, at a similar meeting in Niamey, Republic of Niger. Gusau noted that Zulum, in his contributions, presented Borno’s position and called for the need to significantly increase the level of cross-border security cooperation before strategic and territorial action plans can work.

“All of these territorial action plans can never be achievable without security, the first thing we need across the region is to address security concerns, especially on the shores of Lake Chad. It is necessary to undertake comprehensive security operations on the shores of Lake Chad in order to eliminate the insurgents, otherwise we will not go anywhere, ”Zulum said.

The governor of Borno expressed great concern over the non-use of the shores of the Lake Chad basin, which he noted could offer enormous economic potential for the benefit of the people of the region.

Already, he said, the Borno government has started making efforts to establish free trade zones in Banki town, Bama local government area, Gamboru in Ngala, Baga in Kukawa and Damasak. in the Mobbar local government area to improve socio-economic activities in the lake. region in accordance with the territorial action plans for stabilization.

The governor, however, called on member states to commit to identifying and addressing the root causes of the Boko Haram crisis and to combining measures other than military operations.

He further raised the issues of de-radicalized people previously associated with Boko Haram, and highlighted measures for youth engagement, through education, skills training and social development programs.

Source link

Nigeria: Insurgency – Eight governors of Lake Chad meet in Cameroon Tue, 05 Oct 2021 12:31:01 +0000

Eight governors of the Lake Chad basin met on Monday in Yaoundé, Cameroon, to discuss the insurgency and regional security cooperation.

Organized by the Lake Chad Basin Commission, with technical support from the African Union, the United Nations Development Program and the Crisis Management Initiative, the meeting was hosted by the Cameroonian government in collaboration with the Lake Chad Governors Forum.

Six governors – including Babagana Umara Zulum from Borno, Nigeria, Issa Lamine from Diffa in the Republic of Niger, Midjiyawa Bakari from the Far North of Cameroon, Abate Edii Jean from the North region of Cameroon, Mahamat Fadoul Mackaye from the province of Lac du Tchad and Amina Kodjyana Agnes- Hadjer Lami also from Chad – attended the meeting, while the governors of Adamawa and Yobe states in northeast Nigeria were represented.

A statement issued by Zulum’s special advisor Malam Isa Gusau said the meeting, which was declared open by Cameroonian Prime Minister Joseph Dion Ngute, accompanied by Younde Mayor Luc Messi Atangana, discussed the security issues with a focus on terrorist attacks and humanitarian impacts in the region.

The meeting also reviewed the implementation of regional stabilization strategies, which were adopted in 2019, at a similar meeting in Niamey, Republic of Niger.

According to the statement, Zulum, in his contributions, called for the need to significantly increase the level of cross-border security cooperation before strategic and territorial action plans can work.

“All of these territorial action plans can never be achievable without security, the first thing we need across the region is to address security issues, especially on the shores of Lake Chad.”