Kingdom hopes its SEZs will lure more US firms – Cambodia.

Kingdom hopes its SEZs will lure more US firms – Cambodia.

3 minutos Cambodia’s special economic zones (SEZs) are among several Asean peers that boast potential opportunities for US investors, seeking to diversify their supply chains, according to a recent report conducted by an international service firm. It said the bloc’s SEZs are playing an important role in facilitating greater trade between the region and the US through various fiscal and non-fiscal incentives, said Dezan Shira & Associates – a pan-Asia, multi-disciplinary professional services firm, providing legal, tax and operational advice to international corporate investors. Continue lendo

China’s massive Hainan free-trade port plan raises questions over global trading rules compliance, experts say

China’s massive Hainan free-trade port plan raises questions over global trading rules compliance, experts say

1 minuto While the world is dotted with free-trade and special economic zones, few are on the scale of Hainan, China’s most populous island, covering an area only slightly smaller than Taiwan, and home to more than 9 million people. Beijing’s latest attempt to reinvent the sleepy tropical island as a massive free-trade port have drawn suggestions that it is trying to replace Hong Kong as the trading entrepôt for multinational companies trying to tap the mainland’s manufacturing base or consumer market. As a World Trade Continue lendo

Special Economic Zones an engine to stimulate growth

Special Economic Zones an engine to stimulate growth

2 minutos Covid-19 has become a pandemic that has reverberated across the globe. Its associated detrimental impact on economies has been felt far and wide, with serious disruptions in global value-chains and international trade being evidenced on a daily basis. In the South African context, Covid-19 is threatening to exacerbate the already entrenched socio-economic challenges of poverty, unemployment and inequality that epitomised the country before the virus affected the world.  The Covid-19 pandemic will adversely affect the manufacturing industry in South Africa. No one Continue lendo

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