3 minutos THE ongoing “Two Sessions,” the annual gathering of China’s top legislative and political advisory bodies, have shed light on the expansion of the Shanghai free trade zone pilot area. Answering questions put online, Chen Jingying, a Shanghai delegate to the National People’s Congress, said the expansion wasn’t just an increase in geographical space. Instead, the goal is to better serve significant national development strategies as well as the country’s comprehensive reform and opening-up efforts. Chen’s remarks were in response to heated talk Continue lendo→

menos de 1 minuto President’s Adviser and Secretary of Supreme Council of Free Zones Morteza Bank made the remark on Sunday and said, “some $118 billion worth of products were exported from the zone in the past five years. ”In addition, $38 billion worth of products was imported in the zone, registering a significant $80 billion worth of trade balance. Speaking in a meeting of ‘strategies of development of services, products and exports of top Iranian companies’, held at the venue of IRIB Intl. Continue lendo→

1 minuto The Zimbabwean government has designated various tracts of land as Special Economic Zones (SEZ) in a noble production oriented policy which requires follow through. The Special Economic Zones Act (Chapter 14:34) of October 2016 gave birth to the Zimbabwe Special Economic Zones Authority (ZimSEZA) which is a statutory body set up specifically to attract investment, designate, develop and administer economic zones in various parts of Zimbabwe. The country has been struggling to attract foreign investment with FDI inflows averaging $340 million from Continue lendo→

1 minuto Even as major development finance institutions were committing to funding the development of Nigeria’s special economic zones in Abuja, work had commenced on Enyimba Economic City in Abia State. “We agreed to be part of the project because it has been long overdue. We have no doubt that it will succeed,” said Mr Kayode Pitan, managing director of the Bank of Industry. For Abia State Governor, Okezie Ikpeazu, and the communities that donated land, it was hope kept alive as the management Continue lendo→

menos de 1 minuto In his State of the Nation address, President Ramaphosa announced that South Africa would be looking into the possibility of creating more special economic zones. A special economic zone is a distinct demarcated area that has been earmarked for economic development and which provides tax incentives to attract investment to the area. The tax incentives are available to certain types of companies operating within that special economic zone (SEZ). The main tax benefit available to a qualifying company within a Continue lendo→

3 minutos Prefeitura tenta nova prorrogação do prazo para implantação de infraestrutura básica em área destinada à ZPE (Zona de Processamento de Exportação). A informação é do prefeito Paulo Piau (MDB), justificando que a medida é necessária para dar tempo para o Congresso Nacional definir as mudanças referentes às exigências para instalação de empresas na ZPE.  A data-limite para realização das obras de infraestrutura na ZPE em Uberaba já foi estendida duas vezes pelo governo federal. O prazo agora vence em junho deste ano, Continue lendo→