List of free economic zones

Last updated

In special economic zones [1] [2] business and trades laws differ from the rest of the country. The term, and a number of other terms, can have different specific meanings in different countries and publications. Often they have relaxed jurisdiction of customs or related national regulations. They can be ports or other large areas or smaller allocated areas.

Contents

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 transshipment). Earlier in history, some free ports like enjoyed political autonomy. Many international airports have free ports, though they tend to be called customs areas, customs zones, or international zones.

Africa

Tanzania

Libya

Liberia

Egypt

Eritrea

Morocco

Mauritius

Nigeria

Although the enabling act came into effect in 1992, the pioneer Free Zone (the Calabar Free Trade Zone) was not fully completed until 1999, and commenced operation after official commissioning in November 2001. Since then, the Free Zones Scheme has been used as a vehicle for industrial and commercial development of the country. Private Sector participation and partnership with the Federal Government and other tiers of government has helped spread the scheme. This has culminated in the establishment of specialised Free Zones and other types of Zones, namely:

Serial NumberNameLocationStatusOwnership
1 Snake Island Integrated Free Zone LagosOperationalPrivate
2Kano Free Trade Zone (KFTZ)Kano StateOperationalFed. Govt.
3Onne oil & Gas Free ZoneRiver StateOperationalUnder Parallel Authority
4Tinapa Free Zone & Tourism ResortCRSOperationalPrivate/Public
5Calabar Free Trade Zone (CFTZ)CRSOperationalFed. Govt.
6Maigatari Border Free ZoneJigawa StateOperationalState
7LADOL Free ZoneLagosOperationalPrivate
8Airline Services Export Proc. ZoneLagos StateOperationalPrivate
9ALSCON Export Processing ZoneAkwa IbonOperationalPrivate
10Ogun Guangdong Free Trade ZoneOgun StateOperationalPublic/ Private
11Sebore Farms Export Processing ZonesAdamawa StateOperationalPrivate
12Ibom Science & Tech. Park Free ZoneAkwa IbomUnder Cons.Public/Private
13Living Spring Free ZoneOsun StateUnder Cons.State
14Lekki Free ZoneLagos StateUnder Cons.State/ Private
15Brass LNG Free ZoneBayelsaUnder Cons.Public/Private
16Abuja Technological Village Free ZoneAbujaUnder Cons.Public/Private
17Specialized Railway Industrial FTZ - KajolaOgun StateUnder Cons.Public/Private
18Imo Guangdong FTZImo StateUnder Cons.Public/Private
19OK Free Trade ZoneOndo & OgunUnder Cons.States/ Private
20Lagos Free ZoneLagos StateUnder Cons.Private
21Kwara Free ZoneKwara StateDeclarationState Govt.
22Oluyole Free Trade ZoneOyo StateDeclarationState Govt.
23Koko Free Trade ZoneDelta StateDeclarationState Govt.
24OILSS Logistics Free ZoneLagosDeclarationPrivate
25Banki Border Free ZoneBorno StateDeclarationState
26NAHCO Free Trade ZoneLagos StateOperationalPrivate

The introduction of free zones has played a large role in increasing the amount of investment into Nigeria. When all the free zones are fully operational, Nigeria is projected to play a large role in expanding export-driven manufacturing activities in Africa. [3]

Asia

Bahrain

China

Hong Kong

Indonesia

Iran

Israel

Japan

Lebanon

Macau

Bayan Lepas Free Industrial Zone, also known as the Silicon Valley of the East Bayan Lepas Free Industrial Zone 2023.jpg
Bayan Lepas Free Industrial Zone, also known as the Silicon Valley of the East

Malaysia

Mongolia

Pakistan

Philippines

Singapore

South Korea

Taiwan

Thailand

Turkey

SNNameProvinceFoundation date
1Mersin Free Zone Mersin 1987
2Antalya Free Zone Antalya 1987
3Aegean Free Zone İzmir 1990
4Istanbul Atatürk Airport Free Zone Istanbul 1990
5Trabzon Free Zone Trabzon 1992
6Istanbul Leather Industry Free ZoneIstanbul1995
7East Anatolia Free Zone Erzurum 1995
8Mardin Free Zone Mardin 1995
9Istanbul Stock Exchange Free Zone (İMKB)Istanbul1997
10İzmir Menemen Leather Free Zoneİzmir (Menemen)1998
11Rize Free Zone Rize 1998
12Samsun Free Zone Samsun 1998
13Istanbul Tracia Free ZoneIstanbul1998
14Kayseri Free Zone Kayseri 1998
15Adana Yumurtalık Free Zone Adana (Yumurtalık)1998
16European Free Zone Tekirdağ (Çorlu)1999
17Gaziantep Free Zone Gaziantep 1999
18Bursa Free Zone Bursa 2001
19Kocaeli Free Zone Kocaeli 2001
20Denizli Free Zone Denizli 2002
21Tubitak Free ZoneKocaeli (Gebze)2002

United Arab Emirates

Uzbekistan

Europe

European Union

European Union free zones: [7]

Albania

Armenia

Belarus

Georgia

Bosnia and Herzegovina

Moldova

Monaco

Montenegro

North Macedonia

Тechnological–Industrial Development Zones (TIDZs) [15]

Russia

Serbia

Serbia has 14 free economic zones as of September 2017; [18] these are: [18]

Switzerland

Ukraine

United Kingdom

The Americas

Argentina

Law 19640: Special Customs Area for the Island of Tierra del Fuego [24]

Law 24331: Free Zones (of Argentina) [25]

The Bahamas

Bermuda

Brazil

Canada

Foreign trade zones: [27]

Chile

Colombia

Dominican Republic

Jamaica

Panama

Costa Rica

Uruguay

United States

Venezuela

See also

Related Research Articles

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.

Free economic zones (FEZ), free economic territories (FETs) or free zones (FZ) are a class of special economic zone (SEZ) designated by the trade and commerce administrations of various countries. The term is used to designate areas in which companies are taxed very lightly or not at all to encourage economic activity. The taxation rules and duties are determined by each country. The World Trade Organization (WTO) Agreement on Subsidies and Countervailing Measures (SCM) has content on the conditions and benefits of free zones.

<span class="mw-page-title-main">Entrepôt</span> Hub for commercial activity

An entrepôt or transshipment port is a port, city, or trading post where merchandise may be imported, stored, or traded, usually to be exported again. Such cities often sprang up and such ports and trading posts often developed into commercial cities due to the growth and expansion of long-distance trade. These places played a critical role in trade during the days of wind-powered shipping. In modern times customs areas have largely made entrepôts obsolete, but the term is still used to refer to duty-free ports with a high volume of re-export trade. Entrepôt also means 'warehouse' in modern French, and is derived from the Latin roots inter 'between' + positum 'position', literally 'that which is placed between'.

<span class="mw-page-title-main">Jawaharlal Nehru Port</span> Second largest container port in India

Jawaharlal Nehru Port, also known as JNPT and Nhava Sheva Port, is the second largest container port in India after Mundra Port. Operated by the Jawaharlal Nehru Port Trust Authority (JNPTA), it is located on the eastern shores of Arabian Sea in Navi Mumbai, Raigad district, Maharashtra. This port can be accessed via Thane Creek, a nodal city of Navi Mumbai. It is the main port of the Mumbai Metropolitan Region after Mumbai Port, also of Maharashtra and Western India. Its common name derives from the names of Nhava-Sheva village that is situated here. It is also the terminal of the Western Dedicated Freight Corridor.

<span class="mw-page-title-main">Port of Barcelona</span> Seaport in Spain

The Port of Barcelona is a major port in Barcelona, Catalonia, Spain. Its 7.86 km2 (3 sq mi) are divided into three zones: Port Vell, the commercial/industrial port, and the logistics port. The port is managed by the Port Authority of Barcelona, itself owned by the state-owned Ports of the State.

The Liepaja Special Economic Zone is the only special economic zone in the Baltics consisting of a seaport, industrial area and international airport. Liepāja special economic zone was established in 1997 to develop port operations, cargo handling, logistics, manufacturing and air transportation. The goal of the Liepāja SEZ is to attract investments for the development of the port, manufacturing, and creating new working places.

<span class="mw-page-title-main">Ras Al Khaimah Free Trade Zone</span>

Ras Al Khaimah Free Trade Zone is a special economic zone in Ras Al Khaimah. RAK FTZ is around an hour drive from Dubai.

<span class="mw-page-title-main">Mariel, Cuba</span> Municipality in Artemisa, Cuba

Mariel is a municipality and town in the Artemisa Province of Cuba. It is located approximately 40 kilometres (25 mi) west of the city of Havana.

<span class="mw-page-title-main">Skypier</span> Cross-boundary pier in Hong Kong

Skypier Terminal is a cross-border facility that includes a ferry pier and a coach bay integrated within Hong Kong International Airport, Chek Lap Kok, New Territories, Hong Kong. It is operated by Hong Kong International Airport Ferry Terminal Services Limited, a joint-venture company between Chu Kong Passenger Transport Co., Ltd and Shun Tak-China Travel Ship Management Limited. At this building, passengers aboard can transit from Hong Kong International Airport to piers in the Pearl River Delta of Guangdong Province or vice versa, without immigration and customs clearance through Hong Kong. Passengers can also transit to Macao through coaches or vice versa, without immigration and customs clearance through Hong Kong.

<span class="mw-page-title-main">Zona Franca (Barcelona)</span> Industrial area located in Barcelona, Spain

Zona Franca is a logistics and industrial area located in the Sants-Montjuïc district of Barcelona, Catalonia, Spain. Together with the adjacent Port of Barcelona it forms the neighborhood Zona Franca – Port.

The Free Economic Zone of Manaus is a free economic zone in the city of Manaus, the capital of the State of Amazonas, Northern Brazil. The initial idea, a free trade port in Manaus, came from Deputy Francisco Pereira da Silva and was subsequently formalized by Law No. 3.173 on June 6, 1957. The project was approved by the National Congress on October 23, 1951 under No. 1.310 and regulated by Decree No. 47.757 on February 2, 1960. It was then amended by rapporteur Maurício Jopper, engineer, who by agreement with the original author, justified the creation of a free economic zone instead of a free trade port.

<span class="mw-page-title-main">Port Lansing</span>

Port Lansing is a United States Port of Entry located at Capital Region International Airport in DeWitt Township, adjacent to Lansing, Michigan. The Port allows passengers and cargo to clear customs through a U.S. Customs and Border Protection Federal Inspection Station.

<span class="mw-page-title-main">Zona Franca of Iquique</span>

The Zona Franca de Iquique, known by the acronym Zofri, is located in the coastal port city of Iquique, in Iquique Province of the Tarapacá Region, northwestern Chile.

The Intergovernmental Agreement on Dry Ports is a 2013 United Nations treaty designed to promote the cooperation of the development of dry ports in the Asia-Pacific region. It was concluded under the auspices of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) and is open to ratification by any state that is a UNESCAP member.

Amana Contracting and Steel Buildings is a UAE based industrial and commercial design-build construction company. It specializes in fast-track, turnkey construction of commercial, industrial and institutional low-rise facilities.

A bonded logistics park is a type of special economic zone. Trade arrangements are similar to that of a bonded warehouse but over a specific geographic area. Sometimes with international port capabilities. Goods may be stored, manipulated, or undergo manufacturing operations without payment of duty.

<span class="mw-page-title-main">Shekou</span> Neighborhood in Shenzhen, China

Shekou is an area at the southern tip of Nanshan District, Shenzhen, Guangdong Province, China. It faces Yuen Long, Hong Kong across the Shenzhen Bay. It has been designated as a Free Trade Zone by the government, alongside Qianhai, Hengqin and Nansha New Area.

Freeports in the United Kingdom are a series of government assigned special economic zones where customs rules such as taxes do not apply until goods leave the specified zone. The theoretical purpose of such freeports is to encourage economic activity in the surrounding area and increase manufacturing. Critics of such schemes, including the parliamentary opposition, see them as possible tax havens and open to money laundering.

References

  1. УПРАВЛЕНИЕ ОСОБЫМИ ЭКОНОМИЧЕСКИМИ ЗОНАМИ СУБЪЕКТА РФ Масаев С.Н. В сборнике: XIII Всероссийское совещание по проблемам управления ВСПУ-2019 Труды. Под общей редакцией Д.А. Новикова. 2019. С. 1773-1778.
  2. Masaev S. Destruction of the Resident Enterprise in the Special Economic Zone with Sanctions. Publisher: IEEE. 2019
  3. "Nigeria Export Processing Zones Authority - Home" . Retrieved 12 May 2016.
  4. 1 2 "Law on Economic Zones - Invest Mongolia" . Retrieved 23 April 2017.
  5. "MONGOLIA: Trade Facilitation and Logistics Development Strategy Report - Final Report" (PDF). Asian Development Bank . December 2006. Archived from the original (PDF) on 22 August 2021.
  6. 1 2 3 4 5 6 7 8 "Free Economic Zone". Invest Korea Week 2021. Retrieved 15 January 2022.
  7. "Free zones which are in operation in the customs territory of the Union, as communicated by the Member States to the Commission" (PDF). European Commission . 17 August 2022.
  8. "Gazzetta Ufficiale". www.gazzettaufficiale.it.
  9. Studios, ICON. "Malta Freeport" . Retrieved 23 April 2017.
  10. "Tax Benefits". www.ibc-madeira.com. Retrieved 18 February 2019.
  11. "Operating Free Economic Zones" . Retrieved 21 January 2024.
  12. "Foreign Investment Promotion Agency of Bosnia and Herzegovina" . Retrieved 11 December 2023.
  13. "Free Economic Zones in Moldova" . Retrieved 11 December 2023.
  14. "Index Cards by Country: Montenegro Free zones" (PDF). World Free Zones Organization. Retrieved 11 December 2023.
  15. "Free Economic Zones" . Retrieved 11 December 2023.
  16. Руднев Д. Д., Кулик Н. А. (1915). Материалы к изучению Северного морского пути из Европы в Обь и Енисей. Петроград: Тип. А. Э. Коллинс. pp. 3–4, 57–59.
  17. "Федеральный закон Российской Федерации от 13 июля 2015 г. N 212-ФЗ "О свободном порте Владивосток"" [Federal Law of July 13, 2015 N 212-FZ “On the Free Port of Vladivostok”] (in Russian). Rossiyskaya Gazeta. 15 July 2015. Retrieved 28 July 2015.
  18. 1 2 Mikavica, A. (3 September 2017). "Slobodne zone mamac za investitore". politika.rs (in Serbian). Retrieved 17 March 2019.
  19. Segal, David (21 July 2012). "Swiss Freeports Are Home for a Growing Treasury of Art". The New York Times. Retrieved 7 April 2015.
  20. 1 2 "Ports Francs & Entrepôts de Genève SA - Rte du Grand Lancy 6a - Genève" . Retrieved 12 May 2016.
  21. "Magazzini Generali con Punto Franco SA – Stabio – Chiasso – Svizzera". puntofranco.com (in Italian and English).
  22. Techgroup Schweiz AG. "For global requests" . Retrieved 12 May 2016.
  23. "Transport services | Vevey | Société des Entrepôts Vevey" [Transport services | Vevey | Vevey Warehouse Company]. sevpf.ch. Retrieved 12 May 2016.
  24. "Ley 19640 del 16/5/72". servicios.infoleg.gob.ar.
  25. "Ley 24". servicios.infoleg.gob.ar.
  26. "Zona Franca General Pico" . Retrieved 12 May 2016.
  27. "Geographically Flexible Foreign Trade Zones in Canada". www.taxandtradelaw.com. 5 February 2018. Retrieved 24 August 2021.
  28. "Calgary Region Inland Port". Calgary Logistics Council. Archived from the original on 4 September 2018.