agosto 24, 2019 – ABRAZPE

China expands Shanghai free trade zone to pull in investment

3 minutos The Chinese government has doubled the size of Shanghai’s only free trade zone, hoping to draw new investment and sharpen its edge in advanced manufacturing. The change to the Lin-gang Special Area, where U.S. electric car maker Tesla is building a factory, follows an economic slowdown brought on by the trade war with the U.S. and rising pressure on foreign companies in China stemming from geopolitical tensions. The expansion of Lin-gang covers 119.5 sq. kilometers south of Pudong International Airport, doubling the Continue lendo→

Taking Stock of Shanghai’s Free Trade Zone

3 minutos Earlier this month, the Chinese government nearly doubled the size of the Shanghai Free Trade Zone, opening a new area to attract high-tech businesses. This latest addition is to be home to Tesla’s first overseas factory, a testing ground for looser financial policies, as well as a new port of entry for commercial exchanges on the mainland. Chinese leaders have expressed their hope that the expanded area can help deepen China’s trade liberalization and reforms. Shanghai’s pilot program was China’s first free trade zone when it opened Continue lendo→

How customs agencies can help special economic zones succeed

3 minutos Customs agencies play a key role in special economic zones (SEZs) by facilitating trade, safeguarding compliance, and (sometimes) collecting revenues. Yet they often struggle to make an impact, perhaps as a result of their relative lack of authority and of idiosyncratic local rules and regulations. A common result is that SEZs fail to reach their potential. SEZs are complex. Many of them are exempt from taxation and have been set up to promote simpler trade, so customs agencies must tailor their approaches. What’s Continue lendo→