agosto 2019

China plans to drop all duties at Shanghai Free Trade Zone: sources

China plans to drop all duties at Shanghai Free Trade Zone: sources

1 minuto China is planning a pilot project to drop all duties and ease procedures at its Shanghai Free Trade Zone, three people familiar with the matter said, as Beijing looks to position itself as a leader in promoting free trade amid its grinding trade war with Washington. The plan, which could be announced as soon as this year, was discussed during Premier Li Keqiang’s visit to Shanghai in late July, and leaders plan to discuss it further at their annual gathering in the seaside Continue lendo

Global free zones have challenges to contend with

Global free zones have challenges to contend with

1 minuto Free trade zones have become major growth enablers in emerging economies, and we have seen these concepts powering the UAE economy to a great extent. More than 45 free zones and “economic zones” are contributing to the UAE economy and foreign trade in a much bigger way. According to UAE Federal Customs Authority, trade through these free zones represented Dh592.4 billion — or 36 per cent — of the UAE’s Dh1.63 trillion foreign trade in 2018. This means more than a third Continue lendo