An introduction to special economic zones in ASEAN

An introduction to special economic zones in ASEAN

3 minutos For investors who are interested in doing business in ASEAN, you should know that ASEAN countries are constantly adjusting to the shifting global economy such as volatile commodity prices, slow growth in industrial economies. Therefore, the countries have also been seeking new strategies to drive economic development with a focus on providing greater public services, building infrastructure, and creating a more friendly business environment to appeal to investors. However, most ASEAN countries have recently returned to special economic zones (SEZs) concept as Continue lendo

Nigeria can’t develop without free trade zones, digital marketing – NEPZA boss

Nigeria can’t develop without free trade zones, digital marketing – NEPZA boss

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

Not-so-special economic zones. Pakistan

Not-so-special economic zones. Pakistan

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

Updated SEZ, investment laws to improve business climate. Cambodia

Updated SEZ, investment laws to improve business climate. Cambodia

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

Govt reforms special economic zones framework. India

Govt reforms special economic zones framework. India

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