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Terms include free port (porto Franco), free zone (zona franca), bonded area (US: foreign-trade zone), free economic zone, free-trade zone, export processing zone and maquiladora. Most commonly a free port is a special customs area or small customs territory with generally less strict customs regulations (or no customs duties or controls for ...
The industrial park is a free trade zone.The park was created in 2003 and officially opened by Minister for Transport Yeo Cheow Tong on 20 March that year. [3] The project was a joint venture between the Civil Aviation Authority of Singapore, the airport operator, and JTC Corporation, the largest industrial land developer in the country. [4]
ASEAN–Australia–New Zealand Free Trade Area (AANZFTA) is a free trade area between ASEAN and ANZCERTA that was signed on 27 February 2009 and came into effect on 1 January 2010. Details of the AANZFTA agreement are available online. [27] ASEAN–China Free Trade Area (ACFTA), in effect as of 1 January 2010 [28]
Malaysia and Singapore leaders signed an agreement on Tuesday to create a special economic zone to attract global investment and ease the cross-border flow of goods and people. Malaysian Prime ...
This law would act as the framework for the ASEAN Free Trade Area (AFTA), which is an agreement by member states concerning local manufacturing in ASEAN. It was signed on 28 January 1992 in Singapore. [148] Free trade initiatives in ASEAN are spearheaded by the implementation of the ASEAN Trade in Goods Agreement (ATIGA) and the Agreement on ...
Kuwait's free trade zone (FTZ) was formally established in 1999 to expand businesses and lure the export industry. The zone was located in the western part of the commercial port of Shuwaikh. It was the only free trade zone in the country. In 2019, the Council of Ministers cancelled the free-zone, leaving Kuwait without a special economic zone ...
Singapore and European Union (EU) have committed to facilitate the ratification of their trade and investment deal by the end of 2018 and push its entry into force soon thereafter.
Area: 127 Hectares Free Trade Zone, 28 Hectares non-Free Trade Zone; Warehouse facilities: 178,000 m 2; PSA Singapore also has a 40-year contract to operate the tax-free Gwadar Port on the southwestern coast of Pakistan. Gwadar started operation in March 2008, with 3 multi-purpose berths, a 602-meter quay, and 12.5-meter depth.