Free Trade Zones

Tajikistan Offers Malaysian Logistics, Trade Hub in Free Zones | Daily Express Online

Tajikistan Offers Malaysian Logistics, Trade Hub in Free Zones Published on: Saturday March 12, 2022 By: Bernama Text size: Ambassador of Tajikistan to Malaysia Ardasher Qodiri (Credit: Embassy of Tajikistan to Malaysia) / Bernama Kuala Lumpur: The Central Asian Republic of Tajikistan has proposed that Malaysian businessmen use the country’s Free Economic Zones (FEZ) to […]

Free Trade Zones

State exports to the UAE should be encouraged

Indore (Madhya Pradesh): Under the recently concluded Free Trade Agreement between India and the United Arab Emirates (UAE) to promote the state’s exports to the country, exporters will be briefed on the bulk of exports and the how exports can easily be made under the agreement. A workshop is jointly organized by the Associated Chamber […]

Free Trade Zones

Alignment with high-level global trade rules highlighted

Maersk Sofia, a container ship currently sailing under the flag of Singapore, docks at the Dapukou Container Terminal of Ningbo Zhoushan Port in Zhejiang province on February 2. (Photo by YAO FENG/FOR CHINA DAILY) China is likely to take a more proactive approach to aligning itself with high-level international economic and trade rules, as well […]

Free Trade Zones

Peza targets 6% investment growth in 2022 and joins World Free Zones

AFTER recording solid growth last year amid the Covid-19 pandemic, the Philippine Economic Zone Authority (Peza) is targeting 6% investment growth this year. “Despite the pandemic that has slowed us down for two years, Peza is grateful for the continued support of our partner locators and investors. Now that the Philippines is achieving herd immunity […]

Free Trade Zones

Gulfood 2022: For industrial hubs and free zones in the UAE, the food sector is more than a need

Dubai: Free zones and industrial hubs in the UAE are giving the food sector the highest priority – and the results are starting to show. The industrial city of Dubai last year reported an 11% increase in rentals to food companies wishing to set up a manufacturing base there. This includes additional space for the […]

Free Trade Zones

Flushing Organization Launches Hate Free Zone Campaign to Combat Anti-Asian Violence – QNS.com

In light of the increase in anti-Asian attacks in New York, the MinKwon Center for Community Action, in partnership with the Greater Flushing Chamber of Commerce and other community organizations, launched a new campaign on Thursday, February 4 to creating safe spaces in the community, in addition to organizing “Know Your Rights” sessions on immigration, […]

Free Trade Zones

Qatar and Colorado to expand economic partnerships: officials

Mohammed Barakat, USQBC’s chief executive and board treasurer, and Fahad Al Dosari, Qatar’s commercial attaché to the United States, during a meeting with Michael Hancock, mayor of Denver, United States, on Thursday . Doha: The United States-Qatar Business Council (USQBC), Metro Denver Chamber of Commerce and World Trade Center Denver collaborated on Thursday on a […]

Trade Wars

US-Vietnamese trade expected to increase as COVID-19 recedes

Among economists and medical professionals, there is cautious optimism that the pandemic could recede in 2022 as vaccination rollouts continue. This bodes well for U.S.-Vietnam trade relations since the arrival of the health storm, now in its second year, which disrupted supply chains, manufacturing and trade flows between former enemies and now global partners. Vietnam’s […]

Free Trade Zones

Uganda’s EPZ revenue hits record $1.2 billion

By TOM ANGURINI Uganda’s revenue from export processing zones hit a record high of $1.2 billion in 2020, up from $154 million the previous year, a new report has revealed. The Uganda Free Zones Authority report shows that for two consecutive years, semi-processed gold has been the driving force behind exports, accounting for 93% of […]

Free Trade Zones

FDI inflows into China hit record high in 2021_英语频道_央视网(cctv.com)

BEIJING, Jan. 13 (Xinhua) — In a year the pandemic has continued to wreak havoc on the global economy, global investors have cast more votes of confidence to invest in China as direct investment (FDI) in the country has peaked. record high. FDI into the Chinese mainland, actually utilized, rose 14.9 percent year on year […]

Free Trade Zones

Cheikh Ahmed appoints the DIEZ management team

Amna Lootah and Dr Juma Al Matrooshi have been appointed respectively general managers of the Dubai Airport Free Zone and the Dubai Silicon Oasis by Sheikh Ahmed. Image credit: photo provided Dubai: A new management team of the Authority of Integrated Economic Zones of Dubai was appointed Thursday by Sheikh Ahmed bin Saeed Al Maktoum, […]

Free Trade Zones

Defeat and refine the sensitivities of Nigerian free zones

Gradually, but steadily, the bombastic accounts of the acclaimed underperformance of Nigeria’s FTZ concept over the past 29 years of its adoption to spur the country’s industrialization have been erased by a new generation of data scientists using the latest digital infrastructure. to capture, analyze and measure the contributions of this concept to the country’s […]

Free Trade Zones

THIRD PARTY LOGISTICS COMPANIES OFFER BENEFITS TO THOSE OPERATING IN FTAs

Businesses involved in importing global products to the United States and considering the use of a Foreign Trade Zone (FTA) in their operations may want to consult with a third-party logistics company for an in-depth review of access to a free zone. can mean to them and what a 3PL could offer in terms of […]

Free Trade Zones

Belt & Road Weekly Investor Intelligence # 61

We examine the profound differences between China’s Belt and Road Initiative and the US ‘Building a Better World’ initiative, examine how non-RCEP states can still access the larger free zone. exchange, let’s take a look at the latest easing in the areas of foreign investment allowed in China. , take a tour along the regional […]

Free Trade Zones

Chinese delegation visits Qatar free zones; discusses opportunities for bilateral cooperation with QFZA

HE Minister of State Ahmad al-Sayed, who is also Chairman of the Qatar Free Zones Authority (QFZA), recently received a Chinese business delegation visiting Qatar free zones. Al-Sayed was joined by senior QFZA management to welcome visitors. The Chinese delegation was led by Zhou Jian, Ambassador of the People’s Republic of China to the State […]

Free Trade Zones

What do global minimum tax rules mean for corporate tax policies?

Today, the Organization for Economic Co-operation and Development (OECD) released Model Rules for the Global Minimum Tax (also known as Pillar 2). These rules are designed to apply to multinational companies whose aggregate turnover exceeds 750 million euros and impose a minimum effective tax rate of 15% on the profits of such companies. In the […]

Free Trade Zones

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 seeks comprehensive economic, defensive and […]

Free Trade Zones

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 (subcontinent) of DP World, said: […]

Free Trade Zones

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 Trade and Industry are developing […]

Free Trade Zones

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”, the report was launched at […]

Free Trade Zones

Free zone companies export US $ 1.096 billion in goods

Mr. Michael Oquaye Jnr (2nd left), CEO of GFZA with Mr. Kojo Oppong Nkrumah (left), Minister of Information and other dignitaries at the event. Companies operating in the country’s free zone enclave exported goods valued at US $ 1.096 billion in the first half of this year. Capital investments made by enterprises in the free […]

Free Trade Zones

FBCCI sees opportunities in LDC graduation

The Bangladesh Federation of Chambers of Commerce and Industry (FBCCI) foresees upgrading opportunities for LDCs rather than challenges. “There is widespread fear about the graduation of LDCs in Bangladesh. But I think it could bring opportunities to the country instead of posing challenges,” said FBCCI President Md Jasim Uddin. , at a press conference today. […]

Free Trade Zones

Dubai, Singapore discuss ways to strengthen economic ties and trade

Dubai remains preferred location for Singaporean businesses in Middle East region, envoy says Image Credit: Provided Dubai: Customs authorities in Dubai and Singapore held talks on strengthening economic cooperation and trade on Monday. Gathered virtually, the two sides discussed ways to expand the collaboration between Dubai and Singapore and the opportunities arising from Expo 2020 […]

Free Trade Zones

Someshwar, Ullal beaches have become plastic-free areas | Mangaluru News

Mangaluru: Local urban organizations in Someshwara and Ullal declared the beaches plastic-free after tourist destinations saw increased attendance. The two local urban organizations organized beach clean-up campaigns on October 31 and declared tourist destinations plastic-free zones. Officials have been delegated by Someshwara Municipality and Ullal Municipality to monitor the beaches in their respective areas. Revenue […]

Free Trade Zones

China accelerates its opening up to the top level

SHANGHAI (Xinhua): Despite the Covid-19 pandemic, the number of global exhibitors at the current China International Import Expo (CIIE) surpassed previous edition – a vote of confidence for the market Chinese and a message of business opportunities from him. The annual world import-themed trade fair, the first of its kind in the world, is an […]

Free Trade Zones

CITY PROFILE: Barranquilla thrives as a ‘disruptive’ location loaded with benefits

Not so long ago, Colombia’s status as a coastal destination lay on rocky ground. Despite its population – today around 50 million – the country’s bilingual talents were sorely lacking, Coastal Americas found. Since then, the Nearshore world has changed. Colombia, which enjoys a strategic location in the far north of South America, and thus […]

Free Trade Zones

Qatar Free Zone signs MoU with Korea Economic Zone Planning Office

Doha: The Qatar Free Zones Authority (QFZA) signed a memorandum of understanding with the Korean Economic Zone Planning Bureau, in order to contribute to the economic development of the two countries through the mutual cooperation between the free zones of Qatar and the Korean Free Economic Zones (KFEZ). The agreement was signed by QFZA Deputy […]

Free Trade Zones

Ghana Free Zones Authority’s new board of directors sworn in

Members of the Board of Directors with Judge OIivia Obeng Owusu The reconstituted Board of Directors of the Ghana Free Zones Authority, GFZA, was sworn in on Friday, October 22, 2021 to Judge OIivia Obeng Owusu. The ten-member council which is chaired by Alan Kwadwo Kyerematen, Minister of Commerce Industries, has been tasked with “facilitating, […]

Free Trade Zones

A region divided: how some nations jump on vaccines and others don’t

After a few false starts and questions of access to vaccinations, growth in vaccination rate in the Americas raised optimism about the region’s economic recovery. Recently, Carissa F. Etienne, Director of the Pan American Health Organization (PAHO), noted that Latin America and the Caribbean are on track to meet the World Health Organization’s Covid-19 vaccination […]

Free Trade Zones

NEPZA Welcomes LFZ Financial Times Global Free Zone Award

Nigeria Export Processing Zone Authority (NEPZA) Managing Director Prof. Adesoji Adesugba described the listing of the Lagos Free Zone as “Highly Recommended Free Zone in Africa” ​​by Financial Times magazine FDI as a consequence of the sustained reform of the sector by the federal government. . Adesugba, who is also the CEO of NEPZA, in […]

Free Trade Zones

Economic activity consolidates the recovery driven by free zones

Costa Rica’s economic activity consolidates its recovery after the coup Covid-19 pandemic. The impetus comes mainly from the business manufacturing that work in special diets such as free trade zones. Last August, economic activity was three consecutive months above the pre-pandemic level (February 2020), according to the most recent data from the Monthly Index of […]

Free Trade Zones

Notice: Morning Savings

In developing countries, granting full economic freedom to producers in their “morning markets” will put the whole economy on the right track and eliminate illegal activity within countries and along tense borders. The idea is new but simple. The colors of the economy such as the green economy, the blue economy, the white economy and […]

Free Trade Zones

Companies in Costa Rica must pay a 1% tax on medical cannabis …

(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 […]

Free Trade Zones

4 things to plan for the next # 12WCC – ICC

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 […]

Free Trade Zones

Which countries offer visas that help entrepreneurs to work abroad?

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, […]

Free Trade Zones

China promotes trade and investment facilitation in free zones

China has rolled out a series of measures to boost trade and investment facilitation, and to deepen reform and innovation in pilot free trade zones (FTAs). The measures can be classified into 5 categories. 1. Trade facilitation China will support regions with pilot free zones in the development of innovation demonstration zones for the facilitation […]

Free Trade Zones

PM asked to consider IPP Group’s key project proposal

Earlier in August, the IPP group, chaired by Johnathan Hanh Nguyen, sent a report to Prime Minister Pham Minh Chinh, proposing the implementation of a series of key projects. In the report to the Prime Minister, IPP Group said that over the last time, the company, along with investment partners from the United States, South […]

Free Trade Zones

NEPZA boss mourns pioneering free zone investor, Niger-Dock CEO Jarmakani

Adesoji Adesugba By James Emejo The Director General / Managing Director of the Nigerian Export Processing Zones Authority (NEPZA), Professor Adesoji Adesugba, has called the exit of one of the pioneer investors in the country’s free trade zone, Anwar Jarmakani, huge loss for the Nigerian business community.Jarmakani is the founder and executive chairman of the […]

Free Trade Zones

New Chinese Arbitration Law Modernization Project – A Signal for Internationalization Instead of Decoupling?

Background The current Arbitration Law of the People’s Republic of China (the “Arbitration Law)” was enacted in 1994. With the exception of rather cosmetic changes made in 2009 and 2017, it has been in effect since 26 years almost unchanged. The law on arbitration has been gradually exposed to certain problems which have prevented it […]

Free Trade Zones

Why Bangladesh should use the port of Gwadar – OpEd – Eurasia Review

The Pakistani port of Gwadar has brought a new dream to the region. This port is not only for Pakistan but also for all states in the region. Chinese investment has accelerated the pace of aspirations in this regard. China’s multibillion-dollar “CPEC” project is linked to the port of Gwadar. This port creates a kind […]

Free Trade Zones

Amid China’s crypto crackdown, here’s how to trade Bitcoin and Ethereum

Bitcoin, the world’s largest cryptocurrency, started its September run on a very high note. The first week was pretty positive as the asset climbed to a high level, hitting nearly $ 52,900 on September 7, after which it corrected nearly 20%. History tends to repeat itself and just like last year, September brought the historic […]

Free Trade Zones

Why Bangladesh should use the port of Gwadar

The Pakistani port of Gwadar has brought a new dream to the region. This port is not only for Pakistan but also for all states in the region. Chinese investment has accelerated the pace of aspirations in this regard. China‘s multibillion-dollar CPEC project is linked to the port of Gwadar. This port creates a kind […]

Free Trade Zones

The Free Zones Authority presents Ghanaian companies in Côte d’Ivoire

The Ghana Free Zones Authority (GFZA) has embarked on a strong program to showcase Ghanaian companies and products to regional and international markets. As part of this momentum, GFZA recently participated in the second edition of ‘Ghana Business Expo’ in Abidjan. The three-day event organized by Global Afrique Ltd. The main objective of September 15-17 […]

Free Trade Zones

Forth Ports ‘disappointed’ with Scottish government stance on free ports

The managing director of Forth Ports admitted his “disappointment” that the Scottish government failed to reach an agreement with the British government on the future of Scottish free ports. Charles Hammond has already pledged to back the plans, suggesting that such a site in the Firth of Forth could create up to 50,000 direct and […]

Domestic Bonds

China to increase cross-border investment, strengthen yuan

A staff member counts yuan notes at a bank in Linyi, east China’s Shandong Province. XINHUA PRESS AGENCY China’s central bank is committed to expanding cross-border investment and financing channels to boost the opening of the country’s financial market, according to a recent key report. The People’s Bank of China (PBoC), the central bank, will […]

Free Trade Zones

Trade value in free zones to hit record NT $ 1 billion

By Shelley Shan / Journalist The total value of trade in the country’s free zones is expected to exceed NT $ 1 trillion ($ 36 billion) this year thanks to higher prices for components associated with chips, the Ministry of Transportation and Transportation said last week. Communications. The country has seven free zones at the […]

Free Trade Zones

China seeks to join US-rejected Pacific Trade Pact

On Thursday, China’s Commerce Ministry said it had submitted an application to join a Pacific Trade Pact designed in part to counter its own influence. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), formerly known as the Trans-Pacific Partnership (TPP), is a trade agreement between 11 countries bordering the Pacific Ocean and is one […]

Free Trade Zones

Vojtěch Lavička: Czech law on areas without housing assistance is an attack on human dignity

As Romea.cz readers are no doubt all aware, the Czech Constitutional Court abolished part of the law on assistance to people in material distress which facilitated the creation of local areas where housing allowances would not be paid to residents. . After four long years of waiting, the court finally accepted the petition filed in […]

Free Trade Zones

Panama, Costa Rica and Dominican Republic join forces to promote trade

Foreign Ministers of Panama, Costa Rica and Dominican Republic will meet in the new dialogue space called “Caribbean triangle” To develop common strategies to deal with the economic, political and social situation in the region, announced the Panamanian Ministry of Foreign Affairs. He said that this tripartite alliance, based on the principles of promoting democracy […]

Free Trade Zones

SRI LANKA Workers’ rights in special zones suffer from COVID-19

The textile and clothing sector has so far resisted the pandemic and supported Sri Lankan economy through exports. But now unions are complaining that workers in free zones have paid the price and are asking the government to provide more security. Colombo (AsiaNews) – The third wave of COVID-19 is wreaking havoc among textile and […]

Free Trade Zones

Benefits of the new free zone regime for doing business in Bogota

August 20, 2021 (Investorideas.com Newswire) In 2021, a new free trade area regime has been decreed in Colombia with significant changes that benefit businesses and foreign investment. Find out about some of the benefits this scheme brings to companies considering doing business in Bogota. Bogota, August 2021. Bogota continues to consolidate its position as one […]

Free Trade Zones

$ 3.5 billion worth of projects ready for launch in free and special economic zones

TEHRAN – The secretary of the Iranian High Council of Free Zones has said that projects worth 150 trillion rials (about 3.571 billion dollars) are ready to be inaugurated in the free zones and special economic zones of the country of ‘within two months. As announced by Hamidreza Mo’meni, the trade balance of the country’s […]

Free Trade Zones

FG is committed to creating profitable businesses in free zones

The federal government says it will support activities that harness the immense benefits of free trade zones (FTAs) for the Nigerian economy. Speaking on Wednesday in Abuja, Nasir Sani-Gwarzo, Permanent Secretary of the Federal Ministry of Industry, Trade and Investment, stressed the importance of exploring the potential of investing in free zones to create profitable […]

Free Trade Zones

Akufo-Addo appoints Mike Oquaye Jnr as CEO of the Free Zones Authority

Former Ghanaian High Commissioner to India, Michael Oquaye Jnr • Mike Oquaye Jnr has been appointed CEO of the Free Zones Authority • He will replace Okyere Baafi who is now the Deputy Minister of Commerce • He was Ghana’s High Commissioner to India during the first term of the Akufo-Addo administration. Former Ghanaian High […]

Free Trade Zones

Why the proposed privatization of 36 state assets will not succeed and tackle over-reliance on oil – Report

A report by the Economic Intelligence Unit said that the proposal by Nigeria’s privatization agency, the Bureau of Public Enterprises, to privatize 36 state assets is likely to fail in its goal of generating revenue for the government. government. He said that despite the good goal of reducing operational inefficiencies and improving productivity, BPE’s poor […]

Free Trade Zones

FTZ trade balance positive for 3 consecutive years

TEHRAN – The secretary of the Iranian High Council of Free Zones said that the trade balance of the free zones and special economic zones of the country has been positive for the past three years. “With the measures taken for the promotion of exports in the country, the trade balance of the free trade […]

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 in line with the upstream […]

Free Trade Zones

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 of the official sources of […]

Free Trade Zones

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 on trade with Central Asian […]

Free Trade Zones

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 East, North Africa and many […]

Free Trade Zones

Two botched speeches from the Nicaraguan tyrant

Sewers! By PxMolina / Confidential By Enrique Saenz (confidential) HAVANA TIME – It is a thankless task to refer to Ortega’s speeches, but it must be done. Though his use of grueling verbiage and endless repetitions of his absurd take on history are less and less effective, even for its own supporters, the political struggle […]

Free Trade Zones

70 infrastructures, development projects underway in the Kish free zone

TEHRAN- As announced by the CEO of Kish Free Zone Organization, 70 infrastructure and development projects are underway in this free zone. Stating that most of these projects are carried out in the infrastructure sector to improve the situation of investors in the island, Jafar Ahangaran estimated the value of investments for these projects at […]

Free Trade Zones

World Free Zone Organization Tackles Critical Free Zone Issues at AICE 2021

His Excellency Dr. Mohammed Al Zarooni, President of the World Organization of Free Zones, inaugurated the seventh edition of the Annual International Conference & Exhibition (AICE) 2021, which takes place virtually in Dubai from June 21 to 24, 2021. More of 100 leading keynote speakers and more than 4,000 policymakers, academics, multilateral organizations and global […]

Free Trade Zones

Free, economic and logistical zones and transit trade activated in the south |

By Sami Zaptia. Economic and logistical free zones and transit trade will be activated in the south (Photo: Minister of the Economy). London, June 21, 2021: Inaugurating the Libyan Exhibition for Food, Preservation and Packaging Supplies yesterday at the Tamenhint Exhibition Center in southern Libya, Economy and Trade Minister Mohamed Hwej announced the need to […]

Free Trade Zones

Development projects worth $ 14.7 billion inaugurated in free trade zones and special economic zones

TEHRAN – Some 52 development projects worth 620 trillion rials (over $ 14.7 billion) have been commissioned or started in Iran’s free trade zones and special economic zones Monday, as part of the 74th series of groundbreaking ceremonies since the previous Iranian calendar year (ended March 20). President Hassan Rouhani inaugurated the mentioned projects via […]

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 the International Trade Committee on […]

Free Trade Zones

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 for international crypto exchanges in […]

Free Trade Zones

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 two countries strengthened in a […]

Free Trade Zones

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 area 40 times the size […]

Free Trade Zones

Open China is a boon for the global economy

Before the 1970s, many people found it difficult to fill their stomachs, let alone indulge themselves while shopping. from China the policy of reform and opening up has changed the course of the country’s development. Since the start of this policy, the country has experienced three major waves of openness. The first began in 1978 […]

Free Trade Zones

Nigeria: NEPZA and FAAN are working on the designation of 4 airports as economic zones

The Nigeria Export Processing Zones Authority (NEPZA) and the Federal Airports Authority of Nigeria (FAAN) have formed a joint committee to develop the model and formalities for designating four international airports as Special Economic Zones (SEZs). NEPZA Director General Professor Adesugba unveiled the creation of the committee when he received FAAN Director General Captain Rabiu […]

Free Trade Zones

Negative lists for trade in services should be ready soon

A tourist shop in a duty free shop in Hainan province. [Photo/for China Daily by Meng Zhongde] China’s highly anticipated negative lists for cross-border trade in services are in the works, as the draft Hainan Free Trade Port is currently being processed for final publication, according to experts familiar with the matter. As part of […]

Free Trade Zones

The best service providers partner with medical laboratories, pharmacies, blood centers, home care agencies and veterinary laboratories

DUBLIN, June 4, 2021 / PRNewswire / – The “Medical Messaging Services Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecast, 2021-2029” report was added to ResearchAndMarkets.com offer. The global medical courier market is growing steadily as a direct result of the upward trends in the same day […]

Free Trade Zones

China Deepens Business Licensing Reform to Boost Market Entities

BEIJING, June 3 (Xinhua) – A full-coverage list management system will be adopted for business-related business licenses nationwide from July 1, a state Council circular said. Thursday. At the same time, further reforms of the review and approval system will be launched in the pilot free trade zones (FTAs), according to the circular. A digital […]

Free Trade Zones

FTZ Solidarity demands priority for vaccines

Workers engaged in services within free zones (FTAs) should be given priority in the Covid-19 vaccination program, while PCR tests should be carried out regularly and urgently in these zones, the solidarity of the free zones (2). They also said hygiene maintenance methods in factories should be improved, while people identified as infected should be […]

Free Trade Zones

Negative impact of a hostile business environment on Nigeria’s international trade

The hostile business environment imposed on Nigeria by insecurity continued to weigh on the country’s foreign trade. Insecurity and the excessive bureaucratic bottleneck created by some government agencies and selfish local business activities have all resulted in a lack of significant improvement in Nigeria’s foreign trade. In the oil and gas sector, for example, local […]

Free Trade Zones

Complete plan to prepare Qeshm for the tourist lift

Tehran – The Qeshm authorities are in the process of formulating a comprehensive plan, which is considered a prerequisite for the development of tourism in the south of the Iranian island. Qeshm Island in the Persian Gulf is an ecotourist’s paradise as it encompasses many attractions such as the marine forests of Hara and around […]

Free Trade Zones

Arvand Free Zone non-oil exports to $ 61 million in 1.5 months

Tehran – Non-petroleum products worth $ 61 million were exported from the Arvand Free Trade Zone (FTZ) in Khuzestan Province, southwestern Iran, during the 1.5-month period since the start of the current Iranian calendar year (March 21), according to a provincial official. Seyed Ali Mousavi, deputy director of the Arvand Free Zone Organization for Investments […]

Free Trade Zones

Brexit reveals how UK used EU membership as an ‘excuse’ not to invest in UK industry | UK | New

One of the main spring budget announcements was the location of eight new freeports in England. Chancellor Rishi Sunak has confirmed that they will be located at East Midlands Airport, Felixstowe and Harwich, in the Humber region, in the Liverpool region, Plymouth, Solent, Thames and Teesside. Free ports will benefit from incentives related to customs, […]

Free Trade Zones

Egyptian FATF approves 13 new free zone projects worth $ 167 million in January-April 2021

The Egyptian General Authority for Investment and Free Zones (FATF) approved 13 new free zone projects with a capital of 167 million dollars between January and April 2021, according to the CEO of the authority, Mohamed Abdel Wahab. The data came as Abdel Wahab was meeting with Prime Minister Mostafa Madbouly on Monday evening to […]

Free Trade Zones

Nigeria: how not to reform Nigeria’s free zones

The ongoing controversy in Nigeria’s special economic zones is a dice[1]traction caused by the failure of those in power to put the national interest above the selfish agendas of the few. Read all the news and after the inter[1]actions with local and international stakeholders, it is clear that the ministerial committee has become a tool […]

Free Trade Zones

Kenya: the city of Tatu chosen to represent the World Organization of Free Zones in Kenya

Nairobi – Tatu City has been designated by the World Organization of Free Zones (World FZO) as its Kenyan representative of its more than 700 members around the world. This means that the World FZO regional office in Kenya will be administered locally by Tatu City as a center of thought leadership and knowledge exchange […]

Free Trade Zones

Tatu City chosen to represent the World Organization of Free Zones in Kenya

NAIROBI, Kenya, May 24 – Tatu City has been appointed by the World Free Zones Organization (World FZO) as its Kenyan representative of its more than 700 members around the world. This means that the World FZO regional office in Kenya will be administered locally by Tatu City as a center of thought leadership and […]

Free Trade Zones

UAE 100% Foreign Ownership Will Boost Investor Confidence and Lower Cost of Operations

(MENAFN – Khaleej Times) The UAE’s announcement of 100% foreign ownership in all areas as of June 1 is being touted as a game changer and a masterstroke. This was the biggest request from various works councils in decades. The current system requires 51 percent local sponsorship as well as majority representation on the board, […]

Free Trade Zones

Customs describe March as historic month, with exports exceeding US $ 1 billion

Director Basic of the DGA, Eduardo Sanz Lovatón Santo Domingo, DR The Basic Directorate of Customs (DGA) reported that exports similar to March 2021 amounted to US $ 1.1 billion, representing a development of 36.69% in comparison with the identical month in 2020. In response to official information, exports in March exceeded US $ 299.66 […]

Free Trade Zones

GCC port operators prolong their worth proposition and presence throughout provide chains, report says

Port operators within the area are reinventing their operations, transferring to a broader idea of port-centric logistics, the place they’re half of a bigger built-in ecosystem of worldwide commerce. Shahnawaz Nakhoda, companion, ports and logistics, KPMG Bas Golfe. (Picture supply: KPMG Decrease Gulf) Nonetheless, the speedy enhance in port capability within the GCC area has […]