fevereiro 2, 2020

Nigerian Free Trade Zone set to grow after decade

1 minuto Late last year, Nigeria’s China-backed Ogun-Guangdong Free Trade Zone (OGFTZ) celebrated 10 years of continuous operation and growth. Set about 50 kilometres from Lagos, Nigeria’s commercial capital, it was one of the country’s initial tranche of eight special economic zones to secure funding from Beijing and a project that has since been integrated within the wider framework of the Belt and Road Initiative. The zone is now said to generate more than US$234 million in revenue a year, while having attracted in Continue lendo→

Special economic zones (SEZ’s) in India

2 minutos Special Economic Zone (SEZ) is deemed to be a foreign territory for trade operations; duties and tariffs. In other words, SEZ is a geographical region that has different economic laws from a country’s. The goal is to increase foreign investments to increase the GDP of the country. With Asia’s first Export Processing Zone (EPZ) set up in Kandla in 1965, India was one of the first in Asia to recognize the need & effectiveness of the (EPZ) model in promoting exports. To Continue lendo→