Free Trade Zones

Extending the gains of upstream integration to sugar production

The Central Bank of Nigeria (CBN) yesterday gave its support to the Dangote sugar refinery, the BUA sugar refinery and the Golden Sugar Company to import sugar into the country, ordering no other company to have access foreign currency to import the product. According to the apex bank, this is …

Read More »

CBN says only Dangote, BUA and Golden Sugar can import sugar into the country

The Central Bank of Nigeria (CBN) announced the restriction of the importation of sugar into the country to only 3 companies. The umbrella bank said that only BUA Sugar Refinery Limited, Dangote Sugar Refinery Plc and Golden Sugar Company may be allowed to import sugar into the country through one …

Read More »

Pakistan strengthens its industrial power by mobilizing local talent

Abdul Razak Dawood, adviser to Prime Minister Imran Khan on trade and investment, in his interview with Gulf News. Image Credit: Sana Jamal Islamabad: Pakistan has implemented an ambitious strategy to strengthen industrial strength by mobilizing local talent and providing incentives to achieve export-oriented economic growth with a new emphasis …

Read More »

Mexico expands free zone authorization to include U.S. company

The creation of “strategic fiscal zones” is designed to improve Mexico’s international economic competitiveness. SkyPostal’s AJ Hernandez notes that it is also expanding importers’ access to the booming Mexican consumer market. MIAMI, July 13, 2021 / PRNewswire-PRWeb / – In Mexico, a “fiscal recinto” is comparable to an American free …

Read More »

Gwadar fast growing gateway

ISLAMABAD: Gwadar, once a backward and impoverished area, is emerging as a hub of connectivity and development. Numerous studies have established that after the completion of the China-Pakistan Economic Corridor (CPEC) road, Gwadar will be one of the most competitive connectivity hubs in the region and beyond. China, the Middle …

Read More »

Arab container flow to Brazil is underutilized

After Brazilian exports were shipped to Arab countries, the reverse flow of containers was not put to good use, said Jean Stoll (pictured above), global director of protein and dairy at AP Moller-Maersk. The executive participated in the webinar “Logistics and transport between Brazil and the Arab countries: opportunities, challenges …

Read More »

China plans annual retail sales growth of 5%

BEIJING, July 9 (Xinhua) – China’s retail sales are expected to reach 50 trillion yuan ($ 7.72 trillion) by 2025, an expected average annual growth of 5% for the period of 14th five-year plan (2021-2025), the Ministry of Commerce announced on Friday. China is committed to building a strong domestic …

Read More »

Talking about technology and trade: challenges and opportunities in Africa

Webb Fontaine (www.WebbFontaine.com), a leading provider of customs and trade solutions to governments around the world, will bring together a panel of industry professionals to discuss “Technology and trade in Africa: challenges and opportunities” in a webinar series on July 12 at 1200 HEC. The roundtable will explore revolutionary thinking …

Read More »

Nigeria’s leather exports could generate over $ 1 billion in 4 years – Osinbajo

Vice President Yemi Osinbajo said the value of Nigeria’s leather exports could reach over $ 1 billion by 2025. The vice president disclosed this Tuesday during the inauguration and awareness-raising workshop on the National Plan for the implementation of the leather and leather products policy. What Vice President Osinbajo Said …

Read More »