Why special economic zones are that so special

Why special economic zones are that so special

1 minuto Khmer Times’ Sok Chan spoke to Hiroshi Uematsu, chief executive officer of Phnom Penh SEZ, on the role of the special economic zone to attract investment, especially from the manufacturing sector. We focused from creating decent jobs and promoting technical transfers to boosting exports into and out of the Kingdom; especially, exports amid the outbreak of the COVID-19 pandemic. KT: How important are the roles of special economic zones (SEZs) in promoting Cambodia’s export processing industry? Uematsu: Special economic zones can play a Continue lendo

Special Economic Zones in ASEAN: Opportunities for US Investors

Special Economic Zones in ASEAN: Opportunities for US Investors

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

Special Economic Zones among the paucity of realistic interventions

Special Economic Zones among the paucity of realistic interventions

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

MP dispensa empresa instalada em ZPE de cumprir percentual mínimo de exportação

MP dispensa empresa instalada em ZPE de cumprir percentual mínimo de exportação

menos de 1 minuto A Medida Provisória 973/20 dispensa as empresas instaladas em zonas de processamento de exportação (ZPEs) de cumprir, em 2020, o requisito legal de ter pelo menos 80% da receita bruta atrelado a vendas ao exterior. A MP entrou em vigor nesta quinta-feira (28). ZPEs são distritos industriais, cujas empresas são beneficiadas com a suspensão de impostos para exportar, entre outros benefícios. Em contrapartida, no mínimo 80% da receita bruta total deve ser oriunda de exportações, regra criada pela Lei 11.508/07. O Continue lendo

China: A FTZ with a focus on establishing a hub for oil and gas value chain

China: A FTZ with a focus on establishing a hub for oil and gas value chain

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

From special economic zones to greater special economic region – Hong Kong Special Administrative Region as a model for legal infrastructure design

From special economic zones to greater special economic region – Hong Kong Special Administrative Region as a model for legal infrastructure design

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

Value creation in free zones, building stakeholders resilience

Value creation in free zones, building stakeholders resilience

3 minutos Free zones are designed to attracforeign direct investment, to  support knowledgetransfer, to generateemployment and to drive upgrades in the hosteconomy, mostlythrough export stimulus. The net economic contribution of free zones has been a matterof   debate, primarily due to a lack of measurable data that  could be  compared acrossregions and industries.  Several countries across the globe are considering closing someof their free zonesout of concern that their contribution to the domestic economy may nothave been significant enough. In other words, free zones are supposed to create valuefor the governments that build them. It is more crucial than ever that a free zone generatethis value in order to justify its existence. Offering looser environmental regulation in free zones is no longera viable solution. The17 UN Sustainable Development Goals have become a standard to track environmentalimpact in global ventures. Businesses now use their green development strategies asmarketing hooks of credibility to lure customers and clients. Infrastructure,policies andprocesses in free zones must now incorporate a  sustainable component to be  trulycompetitive on the worldstage, and allow their client companies to do so too.  Thisrequires either adaptation or redirection when developing and Continue lendo

Special economic zones in Southern Africa  Is success influenced by design attributes?

Special economic zones in Southern Africa Is success influenced by design attributes?

menos de 1 minuto Special economic zones (SEZs) in Africa are generally regarded as underperforming relative to their peers in the rest of the world. This study focuses on the design features of the SEZ in Africa that may help explain this underperformance. Literature was reviewed to identify the key design attributes of SEZ programmes that could enhance their success. A case study of six Southern African countries—Mauritius, Namibia, South Africa, Tanzania, Zambia, and Zimbabwe—is then used to assess if these countries’ SEZ programmes Continue lendo

Governo do Estado busca abertura de mercado chinês para produtos mato-grossenses

Governo do Estado busca abertura de mercado chinês para produtos mato-grossenses

1 minuto A China é o país mais populoso do mundo e tem uma economia crescente. E Mato Grosso tem potencial para fornecer diversos produtos para os chineses, assim como eles têm interesse em investir no Estado. Nesta quinta-feira (14.05), foi realizada uma videoconferência para entender melhor essa dinâmica e planejar ações de marketing para os mercados chineses. O objetivo foi a troca de ideias e experiências entre o secretário de Desenvolvimento Econômico do Mato Grosso, César Miranda, o presidente do Instituto Mato-grossense da Carne Continue lendo

ZPE Ceará agora faz parte da Organização Mundial de Zonas Francas

ZPE Ceará agora faz parte da Organização Mundial de Zonas Francas

1 minuto A Zona de Processamento de Exportação do Ceará – ZPE Ceará, empresa subsidiária do Complexo do Pecém, agora faz parte da World Freezones Organization – WFZO (Organização Mundial de Zonas Francas) como membro votante, categoria dedicada à zonas francas reconhecidas pelo governo ou Associações de Zonas Francas. A ZPE cearense, com a filiação, passa a ter acesso à toda gama de serviços ofertados pela organização, além de direito a voto durante a Assembléia Geral que acontece anualmente na Conferência e Exposição Anual Continue lendo