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menos de 1 minuto To consolidate its emergence as a powerful trading bloc, ASEAN member states have been promoting special economic zones (SEZ) as a cornerstone for efforts to encourage more foreign investment.   SEZs – which include industrial parks, special export processing zones, technology parks, and innovation areas – gained increasing prominence after the establishment of the ASEAN Economic Community (AEC) in 2015, and more so now as a tool to attract US investors seeking to diversify their supply chains. Total two-way trade between ASEAN and Continue lendo→

1 minuto Amongst a plethora of potential economic recovery strategies and a paucity of realistic interventions is the phenomenon of Special Economic Zones (SEZs). Special Economic Zones are geographically delimited areas wherein governments facilitate industrial activity through fiscal and regulatory incentives and infrastructure support. SEZs can make important contributions to growth and development by attracting investment, creating jobs and boosting exports. Special Economic Zones can build forward and backward linkages within the broader economy and support global value chain (GVC) participation, industrial upgrading and Continue lendo→

1 minuto The Free Trade Zone concept was first introduced by the 1973 Kyoto Convention (International Convention on the Simplification and Harmonization of Customs Procedures 1973). The 1973 Kyoto Convention defines a Free Trade Zone as a specific district (within the customs territory of a sovereign country or region) that is designated to allow foreign goods to be imported and exported freely under tariff exemptions.  The first Free Trade Pilot Zone (herein referred to as “Free Trade Zone“) was established in Shanghai Pudong on Continue lendo→

menos de 1 minuto This article examines the key aspects of the legal infrastructure design of special economic zones (SEZs), with reference to the best practice of the Hong Kong Special Administrative Region (Hong Kong SAR) under “One Country, Two Systems” and the Basic Law.  It discusses some recent initiatives of the Hong Kong SAR in respect of innovations in dispute resolution mechanisms and creative use of modern technology to illustrate how SEZs can respond to contemporary challenges and opportunities.  In particular, this article Continue lendo→