Free Trade Zones

Why is 2022 the perfect time to invest?

Vietnam offers favorable conditions for foreign investors for many reasons: strategic location, abundant workforce with competitive labor costs and a relatively open environment for FDI to name a few- a few. However, the pandemic outbreak during the summer months of 2021 with heavy restrictions and supply chain disruptions has led …

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China to lower import tariffs to support a new development model

A construction site at Zhoushan Port in Ningbo, east China’s Zhejiang Province, October 26, 2021. Official data showed that the port’s cargo throughput amounted to 923 million tons during from the first nine months of this year, up 4.1% over the same period last year. . Photo: cnsphoto China will …

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Defusing tensions, forming a “strategic partnership” with neighbors is a priority: Iran’s security ch

TEHRAN – In a meeting with the Iranian ambassador to neighboring countries and border governors on Monday afternoon, Secretary of the Supreme National Security Council Ali Shamkhani said that “defuse tensions” and allay all concerns and establishing a “strategic partnership” with neighbors are among Iran’s priorities. Shamkhani also said Iran …

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Busy container ports herald China’s robust foreign trade

BEIJING – China’s container shipping industry has seen steady growth this year amid headwinds from the COVID-19 pandemic and container shortages, indicating the strength of foreign trade and the country’s economic resilience. Cargo throughput at Chinese ports totaled 12.87 billion metric tons in the first 10 months, up 7.8% year-on-year. …

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Persistent openness, the best manifestation of China’s commitment to the WTO

CHENG WANDONG / FOR CHINA DAILY China’s accession to the World Trade Organization (WTO) 20 years ago has proven to be a watershed economic event of the 21st century, changing the political-economic landscape not only of China but also of the world in his outfit. China’s continued openness is the …

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DP World supply chain to invest Rs 10,000 crore in Gujarat

Global supply chain solutions company DP World said on Wednesday it was looking to invest Rs 10,000 crore in developing logistics infrastructure in Gujarat. Addressing the Vibrant Gujarat roadshow in Dubai, United Arab Emirates where the Chief Minister of Gujarat, Bhupendra Patel was present, Rizwan Soomar, CEO and Managing Director …

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UAE working week will change from Monday to Friday

The official working week in the United Arab Emirates is changed from Monday to Friday. The change will bring the Islamic nation, which is home to large financial institutions, in line with Western timetables. The decision, which is due to go into effect next month, makes the Arab Gulf state, …

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China-Laos Railway to Reduce Transportation Costs and Boost E-commerce

Vientiane station in Vientiane, Laos, October 16, 2021. / CFP Vientiane station in Vientiane, Laos, October 16, 2021. / CFP The launch of the China-Laos Railway of over 1,000 kilometers will facilitate land transit trade, help reduce transportation costs and boost cross-border e-commerce. The railway departs from Kunming in southwest …

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The Free Zones Authority will build 3 industrial towns

From left to right: Ahmed Bennis, Secretary General of AEZO; Mr. Michael Okyere Baafi, Deputy Minister of Commerce; Mr. Michael Oquaye Jnr, CEO, Ghana Free Zones, and Ms. Atsuko Toda, Director, Agricultural Finance & Rural Infrastructure Devt. of the AfDB The Ghana Free Zones Authority (GFZA) and the Ministry of …

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Oxford Business Group and Organization of African Economic Zones launch landmark analysis

New policy report, produced by Oxford Business Group (OBG) in partnership with the Organization of African Economic Zones (AEZO), highlights the continent’s rapidly developing industrial sector, which is fast becoming a key driver of wider economic growth as a region integration increases. Entitled “Economic Zones in Africa – Policy Report”, …

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