The Bangladesh Economic Zone Authority (Beza) is set to classify the country's economic zones into bronze, silver, gold, and platinum tiers, aligning with international standards
to enhance the environmental sustainability of the production process. The initiative has been undertaken with a focus on meeting the demand for environmentally friendly
production in the global market and attracting future investments. Read more.
China will introduce a series of pioneering and integrated reform measures in key areas, including trade, investment, finance and cross-border data flow, within its 21 pilot
free trade zones, said a senior government oficial. Read more.
In this regard, Secretary of Free Zones High Council Hojatollah Abdolmaleki has been holding talks with senior officials from various government bodies to underline the importance
of developing free zones for the country’s economic improvement. In a meeting with Meisam Latifi, the Head of the Public Administration and Recruitment Organization on
Monday, the two sides discussed structural and executive issues related to free and special economic zones. Read more.
Japanese Prime Minister Fumio Kishida on Thursday announced the creation of special business zones for asset management companies, seeking to encourage overseas players to
set up shop in the country. Kishida considers it a priority to bolster Japan's asset management sector and tap the more than 2.1 quadrillion yen ($14.2 trillion) in assets
held by Japanese households. But the language barrier has been a major obstacle in attracting overseas talent. Read more.
According to informed sources, the launch of the Abdali Economic Zone (AEZ) will take place in the second fiscal year of the government’s work program, i.e. the 2024/2025
fiscal year. On February 5, KDIPA had launched an exercise to update the feasibility study for the Abdali Special Economic Zone. Read more.
President Xi Jinping has called for efforts to build higher-level pilot free trade zones with an emphasis on institutional innovation to further promote institutional opening-up
on par with advanced international standards and rules. Read more.
As an example, assume that an Italian limited liability company (“ItalianCo”) holds a 90% stake in a Moroccan operating subsidiary (“MoroccanCo”) and does not have a permanent
establishment in Morocco. The ItalianCo is considering transferring its ownership in MoroccanCo to a wholly-owned holding entity located in the United Arab Emirates (“UAE
HoldCo”). Read more.
The Free zones in Costa Rica Specializing in the life sciences sector recorded growth last year. It’s about Koyol Free Zone And the development free zone, which has a total
area of 36 thousand square meters of construction and includes eight companies specialized in manufacturing medical devices. Read more.
The Lagos Free Zone (LFZ), a privately owned free trade zone in Nigeria, is in talks with Indian conglomerates, including Tatas, TVS and Bajaj, for investments, said Navin
Nahata, managing director for fintech and infrastructure at the Singapore-based Tolaram Group, which is the promoter for the trade zone. Read more.
If this city has large industrial and mining enterprises and the need to connect to the country's railway lines, as well as its geographical location and convenient road access,
as well as its proximity to the provinces of Fars, Hormozgan, Kerman and Yazd, where Imported goods can be transported throughout the country in the shortest possible
time. Read more.
VIDEO OF THE WEEK
Exploring the potential of Special Economic Zones in Papua New Guinea
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