This article relies largely or entirely on a single source .(January 2024) |
This article contains wording that promotes the subject in a subjective manner without imparting real information.(January 2024) |
Free economic zone (FEZ) Grodnoinvest is an investment platform in Belarus. Situated at the crossroads of the European and Eurasian Economic Unions, Europe and Asia, its objective is to attract foreign investment to the Republic of Belarus.
Year Founded | 2002 |
---|---|
Total Territory | 4156 ha |
Cities in Grodno Region | Grodno, Lida, Schuchin, Smorgon, Mosty, Slonim, Novogrudok, Svisloch |
Number of Residents | More than 70 |
Management | Administration of FEZ Grodnoinvest |
The residents of FEZ Grodnoinvest are the companies in the field of woodworking and furniture production, mechanical engineering and metalworking, food, chemical and light industries, and agriculture. During the period of the FEZ's activity, $2+ billion of investments were attracted from 35+ countries. [1] The FEZ has created attractive conditions for export-oriented companies. The turnover of residents of FEZ Grodnoinvest exceeded $2 billion. The largest sales markets for residents of FEZ Grodnoinvest include Russia, the countries of the European Union, Kazakhstan. In total, the export geography includes more than 65 countries. FEZ Grodnoinvest residents export a wide range of products of the chemical industry (acids and anhydrides, polyesters, fertilizers), agriculture (rapeseed and soybean oil), woodworking (wood-shaving and fibreboards, furniture), light industry (hosiery), mechanical engineering and metalworking (wires, auto components), etc. [2]
Attractive conditions for the investors are included tax, customs and other preferences. Investors are exempt from paying income tax, real estate tax, rent for land plots that are provided without an auction, payment of customs duties, taxes and non-tariff regulation in relation to foreign goods imported into the territory of the FEZ, payments for the right to conclude a lease agreement for a land plot provided for the implementation of an investment project, reimbursement of forest and agricultural losses in the seizure of agricultural land and forest land and their provision to FEZ residents for the implementation of investment projects. [3] [4]
The economy of Georgia is an emerging free market economy. Its gross domestic product fell sharply following the dissolution of the Soviet Union but recovered in the mid-2000s, growing in double digits thanks to the economic and democratic reforms brought by the peaceful Rose Revolution. Georgia continued its economic progress since, "moving from a near-failed state in 2003 to a relatively well-functioning market economy in 2014". In 2007, the World Bank named Georgia the World's number one economic reformer.
The economy of Kazakhstan is the largest in Central Asia in both absolute and per capita terms. As of 2023, Kazakhstan attracted more than US$370 billion of foreign investments since becoming an independent republic after the dissolution of the former Soviet Union.
The economy of Liechtenstein is based on industry, with a small but significant agricultural sector, and services. The country participates in a customs union with Switzerland and uses the Swiss franc as its national currency. It imports more than 85% of its energy requirements. Liechtenstein has been a member of the European Free Trade Association (EFTA) since 1991. It also has been a member of the European Economic Area (EEA) since May 1995 and participates in the Schengen Agreement for passport-free intra-European travel.
The economy of North Macedonia has become more liberalized, with an improved business environment, since its independence from Yugoslavia in 1991, which deprived the country of its key protected markets and the large transfer payments from Belgrade. Prior to independence, North Macedonia was Yugoslavia's poorest republic. An absence of infrastructure, United Nations sanctions on its largest market, and a Greek economic embargo hindered economic growth until 1996.
A free-trade zone (FTZ) is a class of special economic zone. It is a geographic area where goods may be imported, stored, handled, manufactured, or reconfigured and re-exported under specific customs regulation and generally not subject to customs duty. Free trade zones are generally organized around major seaports, international airports, and national frontiers—areas with many geographic advantages for trade.
Foreign direct investment in Iran (FDI) has been hindered by unfavorable or complex operating requirements and by international sanctions, although in the early 2000s the Iranian government liberalized investment regulations. Iran ranks 62nd in the World Economic Forum's 2011 analysis of the global competitiveness of 142 countries. In 2010, Iran ranked sixth globally in attracting foreign investments.
Trade is a key factor of the economy of China. In the three decades following the dump of the Communist Chinese state in 1949, China's trade institutions at first developed into a partially modern but somewhat inefficient system. The drive to modernize the economy that began in 1978 required a sharp acceleration in commodity flows and greatly improved efficiency in economic transactions. In the ensuing years economic reforms were adopted by the government to develop a socialist market economy. This type of economy combined central planning with market mechanisms. The changes resulted in the decentralization and expansion of domestic and foreign trade institutions, as well as a greatly enlarged role for free market in the distribution of goods, and a prominent role for foreign trade and investment in economic development.
In 2012, Romania's largest trading partner was Germany, followed by Italy. Romania's main exports to Germany were insulated wire, cars and vehicle parts, whereas its main German imports are cars and vehicle parts. The principal Italian imports to Romania include hides, footwear parts, medicaments, telephones and vehicle parts. Romania's chief exports to Italy included leather footwear, cars, telephones, tobacco, men's suits, seats and iron pipes.
The economy of Belarus is an upper-middle income mixed economy. As a post-Soviet transition economy, Belarus rejected most privatisation efforts in favour of retaining centralised political and economic controls by the state. The highly centralized Belarusian economy emphasizes full employment and a dominant public sector. It has been described as a welfare state or market socialist. Belarus is the world's 74th-largest economy by GDP.
The economy of Lithuania is the largest economy among the three Baltic states. Lithuania is a member of the European Union and belongs to the group of very high human development countries and is a member of the WTO and OECD.
Klaipėda Free Economic Zone or Klaipėda FEZ is the first free economic zone in the Baltics. It was established in 1996 and officially launched in 2002.
Tangier's economy is the third biggest of all Moroccan cities, after the economic capital Casablanca and the city of Fez. Tangier is Morocco's second most important industrial center after Casablanca. The industrial sectors are diversified: textile, chemical, mechanical, metallurgical and naval. Currently, the city has four industrial parks of which two have the status of free economic zone.
Alabuga is a special economic zone of an industrial and production type located in a 20 km² area in the Yelabuzhsky District of the Republic of Tatarstan in the Kama Innovative Territorial Production Cluster 10 km from Yelabuga, 25 km from Naberezhnye Chelny, 40 km from Nizhnekamsk and 210 km from the regional center — Kazan. The shareholders of the management company of the SEZ "Alabuga" are the Russian Federation through the JSC "Special Economic Zones" with 100% state participation.
Sughd free economic zone is an industrial-innovative type, which was established in 2009 according to the Decree of the Government of the Republic of Tajikistan dated May 2, 2008.
The Kaunas Free Economic Zone (FEZ) or Kaunas FEZ (Lithuanian: Kauno laisvoji ekonominė zona) is a free economic zone near Kaunas, Lithuania. It is a 534 hectare industrial development area which offers favorable and smaller taxes for production or logistics companies which invest at least 1 million euros or service companies which invest more than 100 thousand euros and employ over 20 people. The investors are mostly foreign companies, as more than 70% of total investments in Kaunas FEZ are foreign direct investments (FDI).
This article describes the Philippine investment climate.
The China–Belarus Industrial Park "Great Stone" is a special economic zone in Belarus, established under the intergovernmental agreement between the People's Republic of China and the Republic of Belarus. The park offers easy access to International Highways M1/E30 and M4, International Airport, International Railways and the capital of Belarus (Minsk) with its labour and scientific potential. Great Stone Industrial Park is designated for high-tech industrial and business activities, including research and development, manufacturing and assembly, warehousing and logistic facilities. Park tax benefits, free customs regime within the countries of the Eurasian Economic Union (EAEU), including Russia and Kazakhstan, open market opportunities for 183 million customers.
The economy of Chongqing, China, has developed rapidly since it was separated from the Sichuan and became a centrally-administered municipality in 1997. In 2019, it was the sixth-largest Chinese city economy and ranked as China's third-largest municipal economy. In China's overall layout, Chongqing is also important for connecting China's underdeveloped western region with its more advanced eastern region, as well as promoting the economy of the mid-lower reaches of Yangtze river and the central western region.
Industry plays an important role in the economy of Belarus. In 2020, industry accounted for 25.5% of Belarusian GDP. Share of manufacturing in Belarusian GDP was 21.3% in 2019. United Nations Economic Commission for Europe described Belarus as having "a well-developed industrial sector and highly skilled workforce". In 2020, 23.5% of the Belarusian workforce was employed in industry. In 2019, total industrial production amounted to 115.7 billion Belarusian rubles ; in 2020, it rose to Br 116.5 billion. Belarusian industry is export-oriented: in 2020, 61.2% of industrial output was exported. The most important sector is food industry. Other well-developed sectors of industry include chemical industry, automotive industry and manufacturing of other machinery equipment.