1 minuto The much needed investment that will spore activities in the maritime sector that stakeholders have been yearning for is set to materialise as promoters of the Tomaro Industrial Park, which was last year granted Free Trade Zone, have commenced work in the free zone. The entire project, which is estimated at $450 million (N162 billion) includes a ship fabrication yard, a modular refinery, access slipway, oil storage tank farms, water treatment plant, power generation plant, container lay down/transit, and crude oil distillation Continue lendo→

3 minutos On the day of their wedding ceremony, Zhou Yichen and Meng Jiakang welcomed their first “baby” — a trade company registered in the free trade zone (FTZ) of northeast China’s Liaoning Province. Zhou, a native of Liaoning’s Yingkou City, met his bride at university in Singapore. After graduation, they worked in Singapore until the ceremony in Zhou’s hometown. After the wedding, they toured the FTZ service center in Yingkou, which offers a streamlined application process and cross-border yuan trade settlement — strong draws Continue lendo→

3 minutos De olho na pujança econômica dos Estados Árabes, o prefeito Paulo Piau e o secretário de Desenvolvimento Econômico e Turismo, José Renato Gomes, participaram ontem (02), em São Paulo, do Fórum Econômico Brasil-Países Árabes. O evento foi organizado pela Câmara de Comércio Árabe Brasileira, junto com a União das Câmaras Árabes e com o apoio da Liga dos Estados Árabes. O tema do fórum foi “Construindo o Futuro”. Lideranças do Poder Público e da iniciativa privada participaram do evento, que contou com a Continue lendo→

3 minutos A refinaria planejada pelo governo do Ceará deve contar com mais três sócias chinesas, além da já confirmada Qingdao Xinyutian Chemical, segundo revelou o secretário Antonio Balhmann (Assuntos Internacionais). Ele não falou o nome das companhias, mas afirmou que uma deve fazer a planta da unidade de refino, enquanto as outras duas empresas – pertencentes ao mesmo grupo empresarial -, vão se dividir no desenvolvimento da engenharia e da construção de três usinas térmicas de 300 megawatts (MW) que serão instaladas na Continue lendo→

2 minutos Duas empresas japonesas do ramo de tubulações e fármacos procuraram o governo cearense na última semana em busca de informações sobre a Zona de Processamento de Exportação (ZPE) do Ceará, de acordo com o secretário Antonio Balhmann (Assuntos Internacionais). O Japão é o novo alvo do Estado na captação de mais investidores para o Complexo Industrial e Portuário do Pecém (Cipp), especialmente, a ZPE. “Elas procuraram se antecipar aos demais que vamos receber nesta semana”, afirmou o secretário, relembrando que nos dias Continue lendo→

6 minutos Much has been said and written about Chinese Special Economic Zones (SEZs), including our own article about the Shenzhen Qianhai Special Economic Zone. However, what exactly sets SEZs apart from the rest of Mainland China? Indeed, what distinguishes SEZs from Free Trade Zones, and what advantages do Special Economic Zones offer? As most of our clientele consists of SMEs, we try to take a practical approach in explaining their meaning and the current benefits of these zones: are they still special and beneficial for Continue lendo→

4 minutos Free Trade Zones (FTZs), also known as a free commercial zone, are a sub-category of special economic zones. They are fenced-in, duty-free areas, offering warehousing, storage, and distribution facilities for trade, transshipment, and re-export operations, without the intervention of the customs authorities. There are several definitions of FTZs referring their different characteristics: Geographic form Type of business Industrial specialization (service, technology, logistics, construction, assembly, etc.) However, the FTZ regime attempts to provide favorable conditions that decrease business transaction costs, promote investments, facilitate Continue lendo→

1 minuto The tiny nation of Djibouti will begin construction of a Chinese backed project which would constitute Africa’s largest free trade zone. The construction of the project was formally launched by President Ismaïl Omar Guelleh, after plans for the 19-square mile free trade zone were signed and agreed in March 2016. Chinese investors in the zone aim to expand trade routes across the continent with a number of infrastructure initiatives, making up part of the One Belt, One Road scheme. Aboubaker Omar Hadi, Continue lendo→