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World Free Zones Organization November 2021 newsletter
The World Free Zones Organization (World FZO) is a global not-for-profit organization that provides one authoritative, collective voice representing the interests of free zones around the world. The World FZO was launched in Dubai, UAE, in May 2014, by its 14 founding members and under the auspices of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai. Registered in Geneva and headquartered in Dubai, the World FZO is the only truly international, multi-lateral organization for zones in the world today.
Read moreAustralian resources and energy keep export dollars flowing
“These latest quarterly figures show Australia’s resources are the gifts that keep on giving,” Minister Pitt said. “Our resources exports continue to bring hundreds of billions of dollars into the country and keep thousands of Australians in high-value, high-skilled jobs – particularly in regional Australia. “Just as iron ore’s incredibly strong run cools, soaring demand for our coal and liquefied natural gas is fuelling a surge in export revenues.
Read moreMohammed bin Rashid issues Law creating Dubai Integrated Economic Zones Authority
The establishment of the Dubai Integrated Economic Zones Authority is a vital move to enhance Dubai’s global competitiveness and raise its investment attractiveness. The private sector is a major partner in our development journey over the next 50 years and the government continues to explore innovative initiatives to support their growth and success. Our objective is to make Dubai the destination of choice for global investors and a major focal point for global commerce.
Read moreVale and Asian miner seek Brazil nod to fast-track mine project
Mining giant Vale SA and an Asian-owned metals producer are among the first to tap a Brazilian program that aims to cut red tape and speed up mining projects in the South American nation.
Read moreHow Special Economic Zones are Reshaping the World Economy
SEZs are business parks granted legal autonomy to improve their governance. Companies operating within SEZs enjoy unique tax breaks, streamlined government regulations, special VISA rights and different labor laws. This enables businesses to operate in emerging markets without the usual problems that businesses in the developed world face. SEZs have also rehabilitated traditionally bad investment destinations, creating bastions of economic growth in unlikely locations. The most well-known case studies of this come from China.
Read more‘Payroll tax squeezes the life out of sector’
On a federal level Mr Tan said that Treasurer Josh Fydenberg needed to engage with the sector and be guided by them on policy. “Let us show you where the opportunities are and how policy can really help the sector but also very much harm the sector and let us give you some ideas that can help the sector and the economy and the country all at the same time,” he said. “We are trying to solve big problems and sometimes the rules aren’t very clear about what you can and can’t do.”
Read moreBrickworks slams IMF carbon tax
“(Australian governments) are into the rule book to try and find out how they can stop you doing what you want to do, or try and delay you, whereas in America, representatives of the governor will come and see you and ask you how they can help,” he explained.
“We need to be prepared to relax the regulations so companies can function. It’s just too onerous at the moment, and very difficult for companies to invest in Australia,” he added.
Preferential Zones and Investment Hubs in China’s Greater Bay Area
The GBA Outline Development Plan emphasizes the need to continue to build a first-class business environment which is stable, fair, transparent, and predictable. The challenge is not only to encourage advancements to the business environment, but also to coordinate these efforts between three different legal systems, economic structures, and currencies.
Read moreRural communities bedrock of recovery
The resilience of regional and rural communities is the hallmark of the Australian spirit and the bedrock on which our economic recovery is being built. More than 9.5 million Australians call regional Australia home. And when we look at what has helped drive our bounce back it is the resources sector, the agricultural sector and tourism in regional and rural Australia.
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