Notícias

Special tourism zones

Special tourism zones

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

Industrial parks can be turned into special economic zones – South Africa

Industrial parks can be turned into special economic zones – South Africa

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

Free trade zone expected to be model for China’s opening-up

Free trade zone expected to be model for China’s opening-up

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

Chinese investors plan $10 billion metallurgical complex in South Africa

Chinese investors plan $10 billion metallurgical complex in South Africa

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

Why free trade zones are not just for port places

Why free trade zones are not just for port places

1 minuto Free trade zones, often referred to as free ports, represent one of the biggest opportunities for sustainable economic growth and job creation in Britain today. If implemented properly they could do more to rebalance the UK economy and empower the regions than any other policy so far.  Regardless of the nature and details of our future relationship with the European Union, free trade zones could create massive opportunities for Britain’s businesses and local authorities alike. Contrary to assumed wisdom, while free trade zones Continue lendo