2022

New SEZ Act will be WTO-compliant, says Commerce Secretary – India.

New SEZ Act will be WTO-compliant, says Commerce Secretary – India.

4 minutos The new law for special economic zones (SEZs) will comply with the global trade rules of the WTO and it will have a single-window clearance system besides world-class infrastructure and easy customs procedures, Commerce Secretary B V R Subrahmanyam said on Wednesday. The government on Tuesday proposed to replace the existing law governing SEZs with a new legislation to enable states to become partners in the ‘Development of Enterprise and Service Hubs’ (DESH). The existing SEZ Act was enacted in 2006 with Continue lendo

Government proposes to replace existing special economic zones law with new legislation – India.

Government proposes to replace existing special economic zones law with new legislation – India.

2 minutos The government on Tuesday proposed to replace the existing law governing special economic zones (SEZs) with a new legislation to enable states to become partners in ‘Development of Enterprise and Service Hubs’. The existing SEZ Act was enacted in 2006 with an aim to create export hubs and boost manufacturing in the country. However, these zones started losing their sheen after imposition of minimum alternate tax and introduction of sunset clause for removal of tax incentives. These zones are treated as foreign Continue lendo

Five unexpected strategies for high-performing SEZs to adopt

Five unexpected strategies for high-performing SEZs to adopt

4 minutos Why do some economic zones significantly outperform others despite sharing many common attributes? This is the key question for zone leaders. Some surprising recommendations emerged when former executive director of the seven-times winner of fDi Global Free Zone of the Year DMCC, Krysta Fox (now director, operations, Economic Zones Development Alliance [EZDA]) pondered this question along with Ekaterina Evdokimova, managing partner and co-founder of Russian SEZ Stupino Quadrat; CEO of Rezekne SEZ in Latvia Krista Freiberga; and EZDA director of investment Zoë Harries in a panel session during Barcelona New Economy Week in October 2021. Firstly, Harries, who has supported the Continue lendo

Hill targets special economic zones to lift economy 

Hill targets special economic zones to lift economy 

2 minutos Newly minted Minister of Industry, Investment, and Commerce Aubyn Hill has identified the special economic zones (SEZ) as a key sector that can provide a well-needed boost to the Jamaican economy. Addressing the press launch of the 8th annual conference of the World Free Zones Organization (WFZO) at the Montego Bay Conference Centre on Thursday, Hill said that Jamaica is looking forward to hosting the event slated to take place from June 13-17 in the second city. He said the event will Continue lendo

ZPE de Parnaíba será inaugurada dia 14 com 11 empresas instaladas

ZPE de Parnaíba será inaugurada dia 14 com 11 empresas instaladas

4 minutos A ZPE de Parnaíba vai ser inaugurada no dia 14 de fevereiro com a realização do IV Fórum Brasileiro de ZPEs e, segundo Victor Hugo Saraiva de Almeida, presidente da Investe Piauí e da ZPE Parnaíba, será entregue a Área de Despacho Aduaneiro, que será assumida pela Receita Federal com a finalidade de agilizar a exportação dos produtos e o recebimento de matérias primas e equipamentos importados. Segundo Victor Hugo, a partir desta inauguração, a ZPE está legalmente constituída e se intensifica o processo de atração de Continue lendo