Artigos

Special economic zones: engines of development or sites of exploitation?

Special economic zones: engines of development or sites of exploitation?

menos de 1 minuto Special economic zones (SEZs) have spread rapidly over the past 20 years, including in many low- and middle-income countries keen to attract private investment for industrial development. But while much debate has focused on their economic performance and success factors, there are concerns over land expropriations, poor labour conditions and lost public revenues. These concerns are often partly rooted in the legal regimes that underpin SEZs — their failure to protect affected people, their exempting SEZs from national laws or Continue lendo

Is Costa Rica facing a free-trade zone dilemma?

Is Costa Rica facing a free-trade zone dilemma?

5 minutos An uncharacteristic element of uncertainty crept into the annual free-zone conference organised by Azofras in San José, which brings together the main players of Costa Rica’s successful free-trade zone (FTZ) programme. President Carlos Alvarado had opened the event by reassuring the audience of his commitment to preserving benefits for companies operating under a FTZ regime. A few hours later, news spread that the National Assembly had rejected an amendment that would have prevented the introduction of VAT for FTZ companies. As discontent Continue lendo

US tariffs rebound on domestic free trade zones

US tariffs rebound on domestic free trade zones

4 minutos “There’s a pestilence upon the land” is how one expert on foreign trade zones (FTZs) in the US describes the effect of import tariffs imposed by the Trump administration. He’s not alone in that view, as the new tariffs appear to be undermining the foundations of a programme that was designed to attract foreign investors to the US. The new tariffs are contributing to an atmosphere of uncertainty surrounding FDI in the US, compounded by a new law that intensifies scrutiny of Continue lendo

fDi’s Global Free Zones of the Year 2018 – the winners

fDi’s Global Free Zones of the Year 2018 – the winners

1 minuto For the fourth year running, the United Arab Emirates’ DMCC has seen off all other competition to be crowned fDi’s Global Free Zone of the Year for 2018. Almost 2000 new businesses were established in the zone in 2017, and DMCC finished the year with 14,805 companies and more than 61,700 employees. Some notable investments in 2017 include Saudi Arabia-based transportation and logistics company Bahri Group, which relocated to the zone’s One JLT low-rise business tower, expanding to more than 2900 square metres. Continue lendo

Why special economic zones remain important

Why special economic zones remain important

3 minutos Special Economic Zones (SEZs) derive their value from a combination of three key drivers: an encouraging regulatory environment that provides the necessary support the industry needs to take root in a new market; an operating environment that ensures both physical infrastructure (hard) and policies (soft) are in place to support businesses and their employees; and the more rudimentary element of incentives, financial and non-financial, that provide impetus for investment in a location that might other-wise be less appealing. The UAE was a Continue lendo