menos de 1 minuto At present, domestic firms are required to pay in foreign exchange for services rendered by a SEZ unit. However, this norm is not applicable for sale of goods, for which payments could be made in the rupee terms.  The commerce ministry is working on a proposal to allow domestic companies to make payments in the rupee currency for services obtained from special economic zone units, sources said.  The proposal is aimed at promoting the growth of IT units in special Continue lendo→

2 minutos The Acting Managing Director, Nigeria Exports Processing Zones Authority, Mr Terhemba Nongo, has said that Nigeria’s quest for industrialisation may not be achieved without massive investments in free trade zones. He said this in Abuja during an event organised by NEPZA’s workers to mark his 60th birthday and his retirement from the agency. Also, the Nigeria Export Promotion Council has stressed the need for business owners and other stakeholders in the export processing to embrace digital marketing as a solution to the Continue lendo→

2 minutos Global experience shows that Special Economic Zones (SEZs), geographically defined and delimited areas to set up manufacturing and services industries, can prove to be an important vehicle for attracting international and domestic investment, diversifying and boosting exports, creating jobs, reducing regional disparities and encouraging the transfer of technology. By offering an attractive mix of policy and fiscal incentives to investors, governments often insulate them from the uncertain external business environment that governs the industry operating outside of these areas. Like China, India Continue lendo→

2 minutos The government of Cambodia is working on new laws to regulate special economic zones and investment, Prime Minister Hun Sen said on Sunday.. The new laws will attract investment into the country by providing incentives, enhancing transparency, and promoting fair competition. They are part of government reforms to improve the business environment here, the premier said. Speaking at the 14th Cambodia Import Export One Province One Product Exhibition, held on Sunday in Phnom Penh, Prime Minister Hun Sen said the new regulations Continue lendo→

menos de 1 minuto The government on Friday announced reforms to the existing SEZ legal framework whereby provisions for minimum land area and sector specific and multi-product SEZs have been amended. Henceforth, all existing and new SEZs would become multi-sector SEZs thereby enabling coexistence of a SEZ unit from any sector along with any other SEZ unit. Further, the provisions governing the minimum land area requirement for setting up of SEZs have also been relaxed and simplified, an official statement said. “The amendment which Continue lendo→

3 minutos En el marco de la XIII Cumbre Empresarial China-LAC, la Asociación de Zonas Francas de las Américas (AZFA) efectuó hoy su encuentro anual, en el que más de una veintena de representantes abordaron temas vinculados a los avances y retos para el desarrollo de estas zonas económicas especiales, que albergan más de diez mil empresas, tanto en Latinoamérica como España. Correspondió al viceministro de Comercio Exterior, Juan Carlos Sosa, abrir la jornada en representación del Gobierno de Panamá, reconociendo los impactos positivos Continue lendo→

2 minutos Desde Cúcuta, este sábado el presidente Iván Duque presentó los incentivos tributarios de las Zonas Económicas y Sociales Especiales (ZESE), un régimen especial tributario que le apuesta a disminuir el desempleo, la informalidad, el deterioro de las condiciones de vida y los altos niveles de pobreza en Norte de Santander, La Guajira y Arauca, así como en las ciudades de Armenia y Quibdó.  El mandatario, quien estuvo en la sede de la Cámara de Comercio de Cúcuta, sostuvo que entre dichos incentivos se destaca el “cero impuesto de renta, por un período de 5 años, y después la mitad del impuesto de Continue lendo→