Call for World FZO members potential candidates for SDG Model Zones

Finding solutions to the myriad of global challenges must include channeling more investment towards the SDGs in new and innovative ways. SEZs have the potential to be transformational tools to drive finance and innovation towards SDG-related sectors and projects. As SEZs continue to expand and develop across the world, particularly in developing countries, the Global Alliance of Special Economic Zones (GASEZ) is committed to supporting their contribution to sustainable development. Read More

Cambodia

SEZs drive $26B exports since 2011

Cambodia has 24 special economic zones (SEZ) operating from 2006 to the end of the first half of 2023, with capital investment of $8.1 billion, mainly in sectors such as garment, footwear and travel products, auto parts, electronics, car tyre manufacturing, automotive and bicycle assembly. Read more.

Iran

Iran’s Free Zones High Council to launch intl. stock Exchange

The Secretariat of Iran’s Free Zones High Council has published a notice inviting all legal and natural persons, companies, stock exchange organizations, and entities to partake in establishing Iranian free zones’ first international stock exchange, the Securities and Exchange News Agency (SENA) reported. Read more.

Philippines

Ecozone investments up three-fold to P111.2 billion

Investments approved by the Philippine Economic Zone Authority (PEZA) continued to increase in the beginning of September as year-to-date figure showed a 181-percent jump to P111.21 billion from a year-ago level of P39.63 billion. The approved investments so far this year covered a total of 144 projects, slightly lower than the 148 projects approved in the same period last year. Read more.

United States

Simplifying Foreign-Trade Zones: A 5-Step Guide to Streamlined FTZ Management

Foreign-Trade Zones (FTZs) present businesses with unique opportunities to optimize their international trade operations, minimize costs, and enhance supply chain efficiency. Understanding the FTZ process is essential for any company considering utilizing this powerful tool. The purpose of this article is to break down the FTZ process into five manageable steps, helping you embark on a successful FTZ journey. Read more.

Venezuela

Venezuelan President Maduro visits multiple Chinese cities, eyes cooperation in high-tech, SEZs

Venezuelan President Nicolás Maduro Moros visited a number of Chinese cities including Shenzhen, South China's Guangdong Province, Shanghai and Ji'nan, East China's Shandong Province during his seven-day "historic" visit to China starting from Friday. Read more.

Driving Africa’s Industrialisation: Special Economic Zones And Transport’s Vital Role In Advancing AfCFTA Agenda

Special Economic Zones[1] (SEZs) can accelerate Africa’s industrialisation and increase economic growth. Through using designated SEZs and collaborations like the African Continental Free Trade Agreement (AfCFTA), there are opportunities to boost trade, investment, infrastructure, employment, and entrepreneurship, and to remove barriers to doing business. Transport has a vital role to play. Read more.

What would a Johor-Singapore economic zone entail for Malaysians and Singaporeans?

Malaysia has long been Singapore's largest trading partner. And with a large portion of trade focused on the southern state of Johor, it's no surprise that there was much buzz following Singapore’s National Development Minister Desmond Lee's announcement in July of advanced talks between the two countries to set up such a special economic zone (SEZ). Read more.

Free Zone: Dubai CommerCity Accelerating UAE’s Digital Commerce

Dubai CommerCity is the first free zone of its kind in the region, and it offers facilities and services geared towards assisting businesses engaged in digital commerce. Local, regional, and international companies can access a first-of-its-kind premium digital and physical infrastructure through the free zone, which offers a one-stop shop for solutions. Read more.

Shanghai FTZ at 10: Businesses Eye Enhanced Policies for Growth

As the Shanghai Pilot Free Trade Zone turns 10 this month, industry leaders operating within the area are actively seeking enhanced policy support to amplify their growth trajectories. Having benefited from modern facilities and innovation, enterprises believe more support would help elevate the FTZ’s stature and solidify its role as a business epicenter. Read more.