março 30, 2018

6 minutos Much has been said and written about Chinese Special Economic Zones (SEZs), including our own article about the Shenzhen Qianhai Special Economic Zone. However, what exactly sets SEZs apart from the rest of Mainland China? Indeed, what distinguishes SEZs from Free Trade Zones, and what advantages do Special Economic Zones offer? As most of our clientele consists of SMEs, we try to take a practical approach in explaining their meaning and the current benefits of these zones: are they still special and beneficial for Continue lendo→

4 minutos Free Trade Zones (FTZs), also known as a free commercial zone, are a sub-category of special economic zones. They are fenced-in, duty-free areas, offering warehousing, storage, and distribution facilities for trade, transshipment, and re-export operations, without the intervention of the customs authorities. There are several definitions of FTZs referring their different characteristics: Geographic form Type of business Industrial specialization (service, technology, logistics, construction, assembly, etc.) However, the FTZ regime attempts to provide favorable conditions that decrease business transaction costs, promote investments, facilitate Continue lendo→