An Introduction to the free trade zones in Iran

An Introduction to the free trade zones in Iran

2 minutos A free-trade zone (FTZ) is a subgroup of special economic zone, which can be either a port or a non-port area. In this region, there are special customs regulations with many advantages for trade. According to World Bank, definition free trade zones are “small, fenced-in, duty-free areas, offering warehousing, storage, and distribution facilities for trade, transshipment, and re-export operations.” Though this a traditional definition and nowadays there are more and more free zones focus on service industries, almost all trade zones in Continue lendo

República Dominicana: un ejemplo de éxito de zonas francas

República Dominicana: un ejemplo de éxito de zonas francas

2 minutos Las zonas francas crean puestos de trabajos y otorgan competitividad a los países anfitriones, en la medida que aumenta la inversión extranjera. República Dominicana es considerada en Latinoamérica como un ejemplo de éxito de este modelo. Los números de la Asociación de Zonas Francas de Las Américas (AZFA) al 2017 muestran el liderazgo: República Dominicana encabeza la lista en países de Latinoamérica con más empleos directos creados (163,147) y más millones de dólares generados en exportación (US$5,494 MM). El país cuenta con Continue lendo

Ghana Free Zone CEO visit AFZA office in Abuja

Ghana Free Zone CEO visit AFZA office in Abuja

2 minutos The Executive Secretary of Africa Free Zones Association Mr Chris Ndibe said the Association is geared toward assisting the over 600 Free Zones in the continent to realise their optimal potential with its numerous programmes which it plans to execute fully this year and beyond. Ndibe said this when the Chief Executive Officer of Ghana Free Zone Board, Mr Michael Okyere Baafi, Visited him in his office in Abuja recently Mr Baafi visited AFZA office in company of two staff, Mr Ziblim Continue lendo

Miami International becomes a foreign free trade zone

Miami International becomes a foreign free trade zone

3 minutos The Miami-Dade Aviation Department (MDAD) has announced it has gained final approval from the U.S. Department of Commerce to designate Miami International Airport’s entire 3,230-acre land parcel as a Foreign Trade Zone (FTZ) magnet site. The magnet site designation allows existing or prospective airport tenants to operate manufacturing, warehousing and/or distribution centres on airport property, and have their federal tariffs deferred, reduced or eliminated – providing time and cost savings for approved importers and exporters. The new magnet site – an expansion Continue lendo

Google has quietly set up a company inside the Shanghai Free Trade Zone, but does this augur a return to China for the search giant?

Google has quietly set up a company inside the Shanghai Free Trade Zone, but does this augur a return to China for the search giant?

2 minutos According to Thepaper.cn, Pengji Information Technology (Shanghai) Ltd. was registered on December 25, 2014. Google Ireland Holdings, Google’s European headquarters, is listed as the firm’s sole shareholder, with William Anthony Farris as its legal representative, the report added. The scope of the company’s business includes web page searching, information technology, computer software, technology transfer consulting and computer system integration. It has a registered capital of 5 million yuan (US$780,000), according to The Paper. “Google keeps a low profile on purpose, and is not Continue lendo