2019

Industrialisation: Special economic zones offer fresh vista

Industrialisation: Special economic zones offer fresh vista

8 minutos The Federal Government appears unrelenting in its push for rapid, inclusive and sustainable industrialisation, job creation and diversified export earnings. Undeterred by the barrage of import ban on Nigeria’s agro-allied products by some importing countries over the failure to meet international quality standards, government has, this time, turned to the use of export-oriented Special Economic Zones (SEZs). SEZs operate against the background of highly efficient infrastructural facilities, less bureaucracy and streamlined one-stop-shop operational procedures. This is partly because of the bespoke incentives Continue lendo

What’s so special about special economic zones?

What’s so special about special economic zones?

3 minutos The special economic zones (SEZs) are special, because they promise to offer something that the country in which they are located does not offer. SEZs provide a more liberal business environment, a much better governmental interface and lucrative incentives. But most importantly, they promise to resolve the fundamental investment constraints that the country faces. What holds back investors from investing in Pakistan? Besides quoting security concerns that are now rapidly fading, businesses and investors often complain about poorly skilled workforce, corruption, cumbersome Continue lendo

Japan to invest in 2 SEZs in Bangladesh, pledges more

Japan to invest in 2 SEZs in Bangladesh, pledges more

1 minuto Japan will be investing in two Special Economic Zones in Bangladesh, all the while promising that more investment of the leading Asian economy will come into the country. The two Special Economic Zones are in Narayanganj’s Araihazar upazila and Chattogram’s Mirsarai upazila, Commerce Minister Tipu Munshi said after holding a meeting with Japanese Ambassador Hiroyasu Izumi at his office on February 14, 2019. The investment is coming in the 100 Special Economic Zone project (SEZ) taken up by the administration of Prime Continue lendo

The U.S. Foreign-Trade Zones Program: Economic Benefits to American Communities

The U.S. Foreign-Trade Zones Program: Economic Benefits to American Communities

1 minuto Foreign-trade zones (FTZs or zones) provide tariff savings and other benefits to companies that engage in import and export operations in the United States. These benefits were provided by Congress beginning in 1934 to encourage U.S. economic activity in manufacturing and distribution, and employment that might otherwise be performed abroad. Economic analysis of the effects of FTZs is limited, particularly the impact of FTZs on economic activity and jobs in localities with operational zones. To remedy this deficiency, the National Association of Continue lendo