3 minutos The Miami-Dade Aviation Department (MDAD) has announced it has gained final approval from the U.S. Department of Commerce to designate Miami International Airport’s entire 3,230-acre land parcel as a Foreign Trade Zone (FTZ) magnet site. The magnet site designation allows existing or prospective airport tenants to operate manufacturing, warehousing and/or distribution centres on airport property, and have their federal tariffs deferred, reduced or eliminated – providing time and cost savings for approved importers and exporters. The new magnet site – an expansion Continue lendo→

2 minutos According to Thepaper.cn, Pengji Information Technology (Shanghai) Ltd. was registered on December 25, 2014. Google Ireland Holdings, Google’s European headquarters, is listed as the firm’s sole shareholder, with William Anthony Farris as its legal representative, the report added. The scope of the company’s business includes web page searching, information technology, computer software, technology transfer consulting and computer system integration. It has a registered capital of 5 million yuan (US$780,000), according to The Paper. “Google keeps a low profile on purpose, and is not Continue lendo→

menos de 1 minuto China has relaxed restrictions on foreign investment in the country’s 11 free trade zones (FTZs), per a decision released by the State Council, China’s cabinet, on January 9. The Decision on Temporarily Adjusting Relevant Administrative Regulations, State Council Documents and Departmental Rules Approved by the State Council within FTZs (the Decision) updates various administrative regulations to extend to China’s new FTZs, and relaxes investment restrictions in 16 industries. Several of the relaxed rules introduced by the Decision are technically only Continue lendo→

3 minutos La Cámara de Comercio y Producción de Santiago, destacó ayer el papel y aporte de las industrias de zonas francas para la economía de la República Dominicana y en especial para la provincia de Santiago. La entidad empresarial hizo un recuento de estos aportes los cuales incluyen la existencia en dicho sector de más de ciento setenta mil empleos directos y un aporte al producto interno bruto (PIB) cercano al 4%. Además, estableció la entidad empresarial que dirige Marco Cabral  la impactante transferencia Continue lendo→

2 minutos Several African countries were pioneers in using Free Zones as economic development tools. Liberia and Senegal, for example established Export Processing Zones in the early 1970s. In 1981, Mauritius started a single factory-based EPZ program whose prominence and success led to a wave of zone development throughout the continent in the late 1980s in East, Southern and West Africa. Uganda is currently on the same model in their exploration of the scheme. Mauritius has become the model of a successful EPZ programme Continue lendo→

1 minuto Nigeria and Ghana have resolved to forge a new strategic partnership beginning with a Memorandum of Understanding (MoU) between the Nigeria Export Processing Zones Authority (NEPZA) and the Ghana Free Trade Board (GFTB) as a way of strengthening economic cooperation between the two countries. Managing Director, NEPZA, Mr Emmanuel Jime, dropped the hint at the weekend when he played host to the Chief Executive Officer (CEO) of GFTB, Mr. Michael Okyere Baafi, who led a three-man business delegation on a working visit Continue lendo→

1 minuto China has been putting a lot of effort into building free trade zones (FTZs) in recent years. Now the efforts are going one step further, with the central government calling for the establishment of free trade ports, which will supposedly derive from the existing FTZs. According to a report released by cs.com.cn on January 31, more than 10 provinces and cities across China said they will “actively explore [the possibilities] of establishing free trade ports. “Those regions not only include coastal cities Continue lendo→

3 minutos Nadie discute que las prioridades de cualquier país son las de la inversión y el empleo. Y es que si la inversión, tanto la pública, como la privada tienen dinamismo, se generan fuentes de trabajo, el crecimiento económico se acelera, y por ende el desarrollo comienza a irradiarse, siempre y cuando los frutos del esfuerzo, como todo proceso social, estén distribuidos equitativamente. Por ello los teóricos que se encargan de estudiar estas dinámicas subrayan que la variable inversión tiene efectos multiplicadores en Continue lendo→