Managing Director Paul Mulder said “I greatly appreciate the leadership of the PNG Prime Minister & Minister for
Bougainville Affairs & Defence, Hon. James Marape, in the establishment of this SEZ, as it sets the right conditions for
large scale investment to thrive and catalyse down-stream processing in the SEZ that will particularly benefit the
people and the manufacturing industry in PNG.”
How 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 moreReform overhaul to put rocket under productivity
With the country already experiencing a peak in major projects, Infrastructure Australia chief of policy and research Peter Colacino said the industry needed to reform in order to meet the looming pipeline of projects. “The industry can’t deliver the scope of work unless it adopts the change,” he said. “We’ve pointed to things that are proven, have delivered productivity gains elsewhere, are well evidenced in terms of what we’re putting forward. These aren’t unproven solutions.”
Read moreExpanding Your Business into Asia: Why Location Analysis is Key
This is another example of how Special Economic Zones in China are being ( and have been since 1978!) presented as locations for FDI. Australia is becoming less and less competitive. These policies can be simply introduced in Northern Australia and across Australia.
Read moreUnilever to invest $175.4 mln in Indonesian special economic zone
The fast-moving consumer goods giant plans to expand its oleochemical factory, which can hire 600 new workers directly and potentially create 6,000 new jobs “indirectly”, Arif Hudaya, finance director at PT Unilever Indonesia, said in a statement.
Read morePreferential 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 moreLatest World Free Zones Organization News
Newsletter courtesy of World Free Zones Organization
Read moreChina dangles $39bn carrot to build city on our doorstep
Article by Ben Packham courtesy of the Australian A Chinese company says it wants to build a new $39bn city with a major seaport, industrial area and free-trade zone on Papua New […]
Read moreArticle – Start-up North Korea?
3 December 2015 Rachel Cunliffe CapX North Korea usually only makes the news due to renewed military aggression, or when a defector publishes an account of their escape. Rarely is there any […]
Read moreArticle – ‘We aim to attract investments that can create lots of jobs’
10 August 2015 K.T. Jagannathan & G. Balachandar The Hindu Business Line At a time industrial units in Tamil Nadu and Andhra Pradesh are scouting for a place free of controversies to […]
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