His Excellency Dr. Mohammed Al Zarooni Chairman of World FZO meets with UNCTAD

His Excellency Dr. Mohammed Al Zarooni, Chairman of the World Free Zones Organisation (World FZO), a global not-for-profit organization, held a meeting with Rebeca Grynspan, Secretary General of the United Nations Conference on Trade and Development (UNCTAD), in Geneva, as part of its global expansion and leadership growth strategies. Read more.

Series of  CAREC  Trade Sector Events on  Special Economic Zones, Supply Chain Connectivity, and  Resilient  Border Operations

World FZO to participate in CAREC event taking place 12-15 September 2022 in Ulaanbaatar, Mongolia and via Zoom. Find out details about the different sessions here.  Read more.

China

Shanghai ‘doubles down’ on efforts to transform Lingang free-trade zone into future boomtown

Shanghai is banking on policy relaxation on home purchases, fresh investments and measures to foster promising tech start-ups to make up for lost ground in its efforts to turn the Lingang free-trade zone (FTZ) into a boomtown. Read more.

Italy

Decree for Special Economic Zones signed

The Minister of Sustainable Infrastructures and Mobility, Enrico Giovannini, has signed the decree that allocates additional resources, equal to approximately 27 million euros, for the construction of water infrastructures of particular importance and to give new impetus to the infrastructural development of the Special Economic Zones (SEZ). Read more.

Nigeria

OGFZA plans to open more free zones

Tijani Kaura, managing director of the Oil and Gas Free Zones Authority (OGFZA), has announced plans to establish more oil and gas-free zones to boost the nation’s economy and generate employment. Read more.

Brazil

Brazil's government restores tax benefits for products in Manaus Free Trade Zone

Brazilian President Jair Bolsonaro signed a decree on Wednesday restoring tax benefits for products manufactured in the Manaus Free Trade Zone, a region where producers were displeased by a broad reduction in industrial taxes. Read more.

Maduro Proposes a Colombian-Venezuelan Economic Zone

President Nicolas Maduro announced that he will propose to Colombian President Gustavo Petro the creation of a border economic zone that encompasses the department of Norte de Santander in Colombia and the state of Tachira in Venezuela. Read more.

What Are Qualified Opportunity Zones? Important Details for Investors

Opportunity zones are identified by the IRS as communities in need of economic development and revitalization. Through tax incentives and investments in these underdeveloped areas, opportunity zones became part of the Tax Cuts and Jobs Act of 2017 and can boast of being one of the few pieces of legislation that actually received bipartisan support. Read more.

PEZA resumes processing of IT ecozones for NCR

The Philippine Economic Zone Authority (PEZA) said it resumed accepting applications for IT centers for Metro Manila, stating this move would usher in the inflow of more IT-business process management firms to locate in the country. Read more.

Steve Tian joins MIC to expand footprint in China

MIC is pleased to announce that Steve Tian represents MIC as Solution Consultant for China from August 1st 2022 onwards. Steve brings several years of professional experience, having served at multi-national companies in the industrial machinery, automotive and automotive components industries – some of them are also MIC business clients. Read more.