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South Asian Free Trade Area. The South Asian Free Trade Area (SAFTA) is a 2004 agreement that created a free-trade area of 1.6 billion people in Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka with the vision of increasing economic cooperation and integration. [1] One of the major goals was to reduce customs ...
The Bangladesh Economic Zones Act of 2010 created the Bangladesh Economic Zones Authority (BEZA) under the Prime Minister's Office. It was intended to accelerate economic growth by overseeing the development of 100 new economic zones by 2025. In contrast to the export processing zones operated by the Bangladesh Export Processing Zones Authority ...
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.
Centenary Economic City. Enugu Industrial Park (Free Zone Status), also known as, ENPOWER [6] Kano Free Trade Zone. Ibom Science & Technology Park Free Zone. Lekki Free Trade Zone. Maigatari Border Free Trade Zone. Nigeria International Commerce city. Onne Oil and Gas Free Trade Zone. Ogun-Guangdong Free Trade Zone.
A free trade area is the region encompassing a trade bloc whose member countries have signed a free trade agreement (FTA). Such agreements involve cooperation between at least two countries to reduce trade barriers, import quotas and tariffs, and to increase trade of goods and services with each other. If natural persons are also free to move ...
Recently Government has approved 37 new Economic zones, which consists governmental, non-governmental and Specialized Economic zone. Bangladesh government also announced 50pc tax relief in Hi-Tech parks, Economic Zones.
Bangaboandhu Sheikh Mujib Shilpa Nagar (BSMSN) is an economic zone in Chittagong Division of Bangladesh, spanning 33,407 acres (135.19 km 2). Situated along the Dhaka–Chittagong highway, the economic zone is positioned about 60 kilometres (37 mi) away from the port city of Chittagong. It is being developed under the oversight of the Bangladesh Economic Zones Authority (BEZA). By 2024 ...
BCIM Economic Corridor. The Bangladesh, China, India and Myanmar Economic Corridor (BCIM) was a proposed corridor connecting India and China through Myanmar and Bangladesh as a corridor. [2][3] In 2015, China proposed including the corridor as part of its vision for the Belt and Road Initiative, China's signature global connectivity initiative.
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