junho 2019

Parliament passes special economic zones bill – India

Parliament passes special economic zones bill – India

2 minutos Parliament passed the Special Economic Zones (Amendment) Bill, 2019 which proposes to allow trusts to set up units in SEZs, with the government asserting these zones were an engine of growth and employment. The Rajya Sabha approved the Bill by a voice vote on Thursday, a day after it was passed in the Lok Sabha .  The Bill will replace the Special Economic Zones (Amendment) Ordinance, 2019, which was promulgated in March. The ordinance had paved the way for trusts to set up Leia mais

China’s pilot free trade zones attract 40,000 foreign enterprises: report

China’s pilot free trade zones attract 40,000 foreign enterprises: report

1 minuto China’s 12 pilot free trade zones (FTZ) have attracted nearly 40,000 foreign enterprises since the first was established in Shanghai over five years ago, a new report showed. Within the period, the zones saw over 600,000 newly-established enterprises in total, according to a report released by the Chinese Academy of International Trade and Economic Cooperation (CAITEC) with the Ministry of Commerce. The zones have attracted 12 percent of the country’s foreign investment inflow and generated 12 percent of China’s imports and exports Leia mais

Govt pushes ‘economic zones’ for defense – Thailand

Govt pushes ‘economic zones’ for defense – Thailand

1 minuto The Defence Technology Institute shows an unmanned aerial vehicle to be used to survey forest areas in the county. (Photo by Tawatchai Kemgumnerd)  The government is planning new “special economic zones” aimed at better supporting Thailand’s defence technology industry. The plan, backed by Deputy Prime Minister Prawit Wongsuwon who on Wednesday chaired the Defence Council meeting, will be carried out under the 2019 Defence Technology Act. Defence spokesman Kongcheep Tantravanich said a panel would be set up to oversee the zones, but Leia mais

Lithuania is 3rd in the world according to number of free economic zones — after the USA and Poland

Lithuania is 3rd in the world according to number of free economic zones — after the USA and Poland

5 minutos According to the number of Special Economic Zones (SEZs) operating in the country, Lithuania is the third in the Western world, after the United States of America and Poland. While SEZs can be found in about 70 percent of developed countries and are mostly customs-free zones to encourage foreign trade, Lithuania, Poland, and other countries like Bulgaria are different, with other fiscal incentives offered as well in an effort to boost the growth of industry, especially in the less developed regions of Leia mais

Free trade zones achieve tangible results

Free trade zones achieve tangible results

2 minutos Free trade zones, from the coastal to the inland provinces, have well implemented the major tasks assigned by the central government in the past five years, a report said on Friday. The first Shanghai FTZ, set up in 2013, has completed 98.99 percent of the tasks-the highest rate, according to the Report on the Development of China Free Trade Zones. The completion rate for the second batch of FTZs in Guangdong province, Tianjin, and Fujian province exceeded 90 percent, the report said. Leia mais