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2 minutos The provincial government of Bangka Belitung Islands off southern Sumatra is correct to propose to the interministerial National Council on Special Economic Zones (SEZ) that the coastal areas of Sungai Liat and Tanjung Gunung on Bangka Island be designated as SEZ in a bid to diversify the local economy away from an over-dependence on tin mining. Indeed, as an industry based on nature and culture, tourism is one of the most suitable businesses for the two islands to develop because of the Continue lendo→

1 minuto The department of trade and industry (the dti) on Tuesday, said that the 26 approved Industrial Parks across South Africa can become Special Economic Zones (SEZs) that can contribute immensely to the economy and create jobs in future if given proper infrastructure, utilities, and management. SEZs are geographically designated areas of a country set aside for specifically targeted economic activities, supported through special arrangements, that may include laws, and systems that are often different from those that apply in the rest of Continue lendo→

3 minutos China has unveiled a new plan to build Hainan into a pilot free trade zone with upgraded trade facilitation, where market access will be substantially expanded for foreign companies. The release of the plan follows the announcement of the central government’s decision in April to transform the entire island of Hainan into the country’s 12th FTZ, covering 35,400 square kilometers – an area 32 times the size of Hong Kong.  “As a demonstration area of China’s initiative to further open up and promote Continue lendo→

2 minutos Chinese investors signed agreements to build a $10 billion metallurgical complex in South Africa during President Xi Jinping’s state visit this week and hope to start construction next year, an executive involved in the project and a provincial official told Reuters.  South Africa’s President Cyril Ramaphosa said at a joint news conference with Xi on Tuesday that China had committed to invest $14.7 billion in the South African economy, but neither leader mentioned the $10 billion complex. Ramaphosa is on a mission to Continue lendo→