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menos de 1 minuto China has relaxed restrictions on foreign investment in the country’s 11 free trade zones (FTZs), per a decision released by the State Council, China’s cabinet, on January 9. The Decision on Temporarily Adjusting Relevant Administrative Regulations, State Council Documents and Departmental Rules Approved by the State Council within FTZs (the Decision) updates various administrative regulations to extend to China’s new FTZs, and relaxes investment restrictions in 16 industries. Several of the relaxed rules introduced by the Decision are technically only Continue lendo→

3 minutos La Cámara de Comercio y Producción de Santiago, destacó ayer el papel y aporte de las industrias de zonas francas para la economía de la República Dominicana y en especial para la provincia de Santiago. La entidad empresarial hizo un recuento de estos aportes los cuales incluyen la existencia en dicho sector de más de ciento setenta mil empleos directos y un aporte al producto interno bruto (PIB) cercano al 4%. Además, estableció la entidad empresarial que dirige Marco Cabral  la impactante transferencia Continue lendo→

2 minutos Several African countries were pioneers in using Free Zones as economic development tools. Liberia and Senegal, for example established Export Processing Zones in the early 1970s. In 1981, Mauritius started a single factory-based EPZ program whose prominence and success led to a wave of zone development throughout the continent in the late 1980s in East, Southern and West Africa. Uganda is currently on the same model in their exploration of the scheme. Mauritius has become the model of a successful EPZ programme Continue lendo→

1 minuto Nigeria and Ghana have resolved to forge a new strategic partnership beginning with a Memorandum of Understanding (MoU) between the Nigeria Export Processing Zones Authority (NEPZA) and the Ghana Free Trade Board (GFTB) as a way of strengthening economic cooperation between the two countries. Managing Director, NEPZA, Mr Emmanuel Jime, dropped the hint at the weekend when he played host to the Chief Executive Officer (CEO) of GFTB, Mr. Michael Okyere Baafi, who led a three-man business delegation on a working visit Continue lendo→