Free Trade Zones

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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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Egypt attentive to the achievement of regional economic integration in Africa: Minister of Trade

Egyptian Trade and Industry Minister Nevine Gamea said Egypt attaches great importance to achieving regional economic integration in Africa. Gamea stressed the importance of: activating joint continental work to achieve industrial and agricultural integration; strengthen intra-community trade; support small and medium-sized enterprises (SMEs); and create more employment opportunities. These contribute …

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Sri Lankan unions keep dead silence on criminalization of industrial action

Two weeks ago, on May 27, Sri Lankan President Gotabhaya Rajapakse used the Essential Public Services Act (EPSA) to ban industrial action in the port, oil, gas, rail and bus transport sectors, as well as in government administrative offices at the district level, state banks, insurance companies and customs-related services. …

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Plan for the future in New Clark City – Manila Newsletter

Describe the urban development of Metro Manila in one word and there are plenty of possibilities that spring to mind – dense, crowded, congested, to name a few. Today, 100 kilometers north of the metro, developers, businesses and ordinary Filipinos have the opportunity to shape New Clark City into an …

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