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

China eases foreign investment restrictions in free trade zones

China eases foreign investment restrictions in free trade zones

menos de 1 minuto China has relaxed restrictions on foreign investment in the country’s 11 free trade zones (FTZs), per a decision released by the State Council, China’s cabinet, on January 9. The Decision on Temporarily Adjusting Relevant Administrative Regulations, State Council Documents and Departmental Rules Approved by the State Council within FTZs (the Decision) updates various administrative regulations to extend to China’s new FTZs, and relaxes investment restrictions in 16 industries. Several of the relaxed rules introduced by the Decision are technically only Continue lendo

Cámara Comercio afirma zonas francas no representan sacrificio fiscal

Cámara Comercio afirma zonas francas no representan sacrificio fiscal

3 minutos La Cámara de Comercio y Producción de Santiago, destacó ayer el papel y aporte de las industrias de zonas francas para la economía de la República Dominicana y en especial para la provincia de Santiago. La entidad empresarial hizo un recuento de estos aportes los cuales incluyen la existencia en dicho sector de más de ciento setenta mil empleos directos y un aporte al producto interno bruto (PIB) cercano al 4%. Además, estableció la entidad empresarial que dirige Marco Cabral  la impactante transferencia Continue lendo