Free Trade Zones

Lekki Free Zone Quadrant, Eko Atlantic are national assets

The Senate Committee on Trade, Industry and Investment described Dangote, Lekki, Alaro City and the Lagos Free Zone which made up the quadrant of the Lekki Free Zone Mega Zone and the Eko Atlantic Free Zone as national assets of several billion dollars. Committee chairman Senator Francis Fadahunsi said this …

Read More »

DP World plays a critical role in maintaining the supply of essential commodities

The participation of DP World, the UAE region and Jafza in Arab Health 2021 will open new growth avenues for companies. DP World, the Jebel Ali (Jafza) Free Zone in the UAE region, experienced 12% growth in its healthcare and pharmaceutical customer base between 2019-2020. To show their commitment to …

Read More »

UK-Australia Bilateral Trade Agreement: A Summary | Dentons

After five years of discussions between the Australian and British governments, Australian Prime Minister Scott Morrison and British Prime Minister Boris Johnson this week announced an agreement in principle on the terms of a free trade agreement (FTA) between the two country, see here. This deal is as important for …

Read More »

Freeports: will they help commodity companies?

The UK’s new free ports will present opportunities for commodity companies, for example in the Tees Valley chemical industry. However, there are important limitations to this. introduction Earlier in our series, we presented1 the new free ports, examined the operation of the customs regime2, assessed the recently published report of …

Read More »

Visualize 40 years of booming exports

China has the second highest GDP in the world and it exports 15% of all the goods in the world. But how did this happen? Just 40 years ago, the Chinese economy was in a totally different situation, accounting for less than 1% of world exports and still in the …

Read More »

Minister proposes Kish Island as crypto clearinghouse

ICT Minister Muhammad Javad Azari Jahromi has proposed transforming the Iranian island of Kish in the Persian Gulf into a hub for domestic and international cryptocurrency exchanges. This is when policymakers and policymakers have yet to announce an unambiguous position on crypto trading.“Kish has the infrastructure to become a hub …

Read More »

17th Egyptian-Saudi Joint Committee commits to developing trade cooperation

The 17th Egyptian-Saudi Joint Committee was held in Cairo and chaired by Egyptian Minister of Trade and Industry Nevine Gamea and Saudi Minister of Trade and Investment Majid bin Abdullah Al-Qasabi. Gamea said that she and her Saudi counterpart have signed an agreement that will see joint cooperation between the …

Read More »

Indonesian Jokowi approves two special economic zones in Batam, Southeast Asia

SINGAPORE – Indonesian President Joko Widodo has officially granted Special Economic Zone (SEZ) status to a technology park and aircraft maintenance facility in Batam to kick-start economic recovery there amid the Covid-19 pandemic. Nongsa Digital Park, located at the high-end northeastern tip of the island, is said to focus on …

Read More »

3mn of Covid-19 vaccines to import into Iran: official

Shanesaz said the reason the vaccines will be imported into the country through free economic zones is that there are restrictions on how to import these vaccines through other routes. He said the process of importing the 3 million doses has already started. Meanwhile, the chief of the FDA added …

Read More »