Tax Free Trade Zones of the World and in the United States

Tax Free Trade Zones of the World and in the United States PDF

Author: Susan Tiefenbrun

Publisher: Edward Elgar Publishing

Published: 2012

Total Pages: 849

ISBN-13: 1849809062

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This definitive and comprehensive book, with contributions from world-renowned foreign trade zone expert, the late Walter Diamond, provides an up-to-date guide to the free trade zones and subzones in the United States and around the world. Economic reasons for using free trade zones are explored, encompassing the benefits gained and profits earned, such as exemptions, reductions from customs duties, proximity to foreign export markets, and low-cost processing and packaging of goods designed to lower duties or freight charges. Practical, hard-to-locate data and contact details are provided on every free trade zone in the US, as well as information on the history, growth and types of users in each zone, storage space, transportation access, the cost of user facilities, utilities, communications, labor availability, warehousing features, and enterprise zones within the free trade zone. Tax Free Trade Zones of the World and in the United States will be an invaluable reference tool for a wide-ranging professional audience including: international, multinational and business law firms, tax advisory and finance firms, international sales and marketing executives, import, export and shipping companies, customs brokers and insurance agencies. In addition, it will prove a useful, practical resource for law students focusing on international business and international trade.

Tax Free Trade Zones of the World and in the United States (Introduction).

Tax Free Trade Zones of the World and in the United States (Introduction). PDF

Author: Susan Tiefenbrun

Publisher:

Published: 2013

Total Pages: 48

ISBN-13:

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The Introduction posted here is from the author's book on "Tax Free Trade Zones of the World and in the United States" (Edward Elgar Publishing, 2012), posted on SSRN by permission of the author and publisher.Within the last few years small and large international companies in all corners of the globe have discovered that tax free trade zones can prove to be an effective tool to develop new markets and to increase earnings from existing foreign trade and manufacturing operations. Presently, there are over 3,000 tax free trade zones, free ports, and similarly designated areas of the world, including about 277 foreign trade zones and more than 500 special purpose subzones in the United States. These zones enable importers and exporters to benefit from a variety of customs-privileged facilities that offer them guarantees, incentives, and numerous advantages. By seeking the sheltered areas best suited to their needs, companies engaged in processing and assembling can also save on taxes and trim costs, including transportation expenses, rental fees, wages, finance charges, and insurance premiums.Today, thousands of imported products, from delicate caviar to sophisticated electronics and machinery, are lodged in free trade zones located in 135 countries, and the free trade zones abroad and the U.S. foreign trade zones together reportedly have employed more than 43 million workers. Domestic or foreign enterprises buying products from abroad can store goods in a customs-free facility prior to shipment into the country where the zone is located. Storage can result in substantial savings in financing charges and increased cash flows. Some importers depend upon free trade zones to package, label, sort, assemble, process or manufacture finished goods prior to re-exporting their duty-exempt finished products.

World Investment Report 2019

World Investment Report 2019 PDF

Author: United Nations Conference on Trade and Development

Publisher: United Nations

Published: 2019-08-09

Total Pages: 377

ISBN-13: 921358282X

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The 2019 edition of the World Investment Report focuses on special economic zones (SEZs) which are widely used across most developing and many developed economies. Although the performance of many zones remains below expectations, the rate of establishment of new zones is accelerating as governments increasingly compete for internationally mobile industrial activity. Policymakers face not only the traditional challenges to making SEZs succeed, including the need for strategic focus, sound governance models, and effective investment promotion tools, but also new challenges brought about by the sustainable development imperative, the new industrial revolution, and changing patterns of international production. The Report explores the place of SEZs in today’s global investment landscape and provides guidance for policymakers on how to make SEZs work for sustainable development. It presents international investment trends and prospects at global, regional and national levels, as well as the evolution of international production and global value chains. It analyses the latest developments in new policy measures for investment promotion, facilitation and regulation around the world, as well as updates on investment treaties, their reform and investment dispute settlement cases.

International Economic Law and the Challenges of the Free Zones

International Economic Law and the Challenges of the Free Zones PDF

Author: Julien Chaisse

Publisher: Kluwer Law International B.V.

Published: 2019-05-02

Total Pages: 360

ISBN-13: 9403509007

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Special economic zones (SEZs) have become a permanent feature of the world trade scene. This book, the first to provide a critical and comprehensive analysis of SEZs covering a wide spectrum of countries and regions, shows how SEZs, albeit established at the domestic level by different countries, raise multiple legal issues under international economic law. This first-rate book is the product of the Asia FDI Forum IV held in Hong Kong in 2018. Thoroughly exploring the development of the SEZ phenomenon and its players, the contributing authors (all leading economic law experts) review the issues raised by SEZs in the context of international trade law, international investment law and investment arbitration. They identify the extent to which SEZs have been coherent in their design and policymaking, in particular with regard to domestic law reforms. They address such aspects (both core themes and specific examples) as the following: investment protection in China’s SEZs; state-owned enterprises regulation; dispute settlement; under what circumstances incentives available in SEZs count as export subsidies prohibited under World Trade Organization (WTO) rules; compliance with internal market rules in European Union (EU) free zones; local populations as victims of land expropriation; Brazil’s Manaus Free Trade Zone; India’s experience with multiple SEZs; the administrative approval system in the Shanghai Free Trade Zone; economic corridors and transit routes as SEZs; ‘refugee cities’: SEZs for migrants; how China’s Supreme People’s Court serves national strategy; how foreign investors challenge free-zone regimes; impacts of the establishment of SEZs on tax revenues; SEZs and labour migration; and management models. The chapters also include insights into the new emerging generation of international investment agreements; WTO accession, transparency, and case law materials clarifying specific trade issues associated with SEZs; and new rules to protect the environment and labour rights, as well as analysis of crucially significant cases such as Goetz v. The Republic of Burundi, Lee Jong Baek v. Kyrgyzstan and Ampal-American and Others v. Egypt. With its critical and comprehensive analysis of the dynamic SEZ phenomenon across legal, economic, investment, regulatory and policy matrices – including a thorough analysis of the success factors and required policies for SEZs – this book takes a giant step towards answering the question whether SEZs fundamentally contradict norms of international law or whether SEZs have to be considered as laboratories which facilitate the implementation of international economic policies. Its careful examination of theory and practice and its approach to lessons learned from case studies will reward trade and investment officials, policymakers, diplomats, economists, lawyers, think tanks, business leaders and others interested in this ever more important area of law and economics.

Special Economic Zones in Africa

Special Economic Zones in Africa PDF

Author: Thomas Farole

Publisher: World Bank Publications

Published: 2011-01-01

Total Pages: 328

ISBN-13: 0821386395

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"This book, designed for policymakers, academics and researchers, and SEZ program practitioners, provides the first systematic and comprehensive analysis of SEZ programs in Sub-Saharan Africa. It is the result of detailed surveys and case studies conducted during 2009 in ten developing countries, including six in Sub-Saharan Africa. The book provides quantitative evidence of the performance of SEZs, and of the factors which contribute to that performance, highlighting the critical importance not just of the SEZ itself but of the wider national investment climate in which it functions. It also provides a comprehensive guide to the key policy questions that confront governments establishing SEZ programs, including: if and when to launch an SEZ program, what form of SEZ is most appropriate, and how to go about implementing it. Among the most important findings from the study that is stressed in the book is the shift from traditional enclave models of zones to SEZs that are integrated ? with national trade and industrial strategies, with core trade and social infrastructure, with domestic suppliers, and with local labor markets.Although the book focuses primarily on the experience of Sub-Saharan Africa, its lessons will be applicable to developing countries around the world."

Importing Into the United States

Importing Into the United States PDF

Author: U. S. Customs and Border Protection

Publisher:

Published: 2015-10-12

Total Pages: 0

ISBN-13: 9781304100061

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Explains process of importing goods into the U.S., including informed compliance, invoices, duty assessments, classification and value, marking requirements, etc.

Freeports and Free Zones

Freeports and Free Zones PDF

Author: Mark Rowbotham

Publisher: Taylor & Francis

Published: 2022-02-23

Total Pages: 307

ISBN-13: 1000532151

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This book explains the definition, concepts, practices and procedures of Free Zone operations; how they are created, how they operate, and their benefits to the global and national economy. Readers will be able to understand why Free Zones exist, their role in the development and maintenance of international trade, and how they contribute to national and global economic development and wellbeing, especially in developing nations. The author explains the processes in the establishment of Free Zones, and how government legislation and initiatives assist in this process. The book comprehensively but accessibly covers the topics of Freeports, Free Zones, Export Processing Zones (EPZs) and Special Economoic Zones (SEZs), as well as issues such as Customs requirements, Free Zone law and government initiatives, including the new UK Freeport initiative. It analyses the role of such Zones in global economic development and considers the challenges and issues related to Free Zone development and operation, including security and potential crime. The book also provides a series of case studies into selected global examples of Free Zones, EPZs and SEZs. Freeports and Free Zones will have a broad readership, being of interest to global economic, fiscal and government institutions, policymakers, legal practitioners and advisers, economic and business advisers, port and airport authorities and major multinational enterprises. It will be especially relevant to the food, automotive, defence, manufacturing, logistics, Fast Moving Consumer Goods (FMCG), pharmaceutical, aviation and maritime industries.

Free Trade Zone and Port Hinterland Development

Free Trade Zone and Port Hinterland Development PDF

Author: United Nations. Economic and Social Commission for Asia and the Pacific

Publisher: UN

Published: 2005

Total Pages: 154

ISBN-13:

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This report looks at examples of Free trade zones (FTZ) from around the world and sees how the concept of logistics centres can be applied in practice. The report concludes that the traditional import/export port needs to move into one of two markets, or a combination of both; these markets are transhipment or logistics centres. The report identifies that an optimum enabling environment needs to be created that is service orientated, largely free of bureaucracy and has excellent connectivity both physically and electronically between all stakeholders. Where the optimum enabling environment cannot be implemented nationwide, the creation of a FTZ is a first step to attracting funds necessary to finance this change. The report concludes with a summary of the key guidelines for policy makers to consider in the transition from a traditional import/export port to a logistics centre port. Publishing Agency: United Nations (UN).

New Strategic Research on China (Shanghai) Pilot Free Trade Zone

New Strategic Research on China (Shanghai) Pilot Free Trade Zone PDF

Author: Zhi-gang Yuan

Publisher: World Scientific

Published: 2016-02-22

Total Pages: 276

ISBN-13: 1938134788

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' This book provides a detailed study of practices of China (Shanghai) Pilot Free Trade Zone (Shanghai FTZ henceforth). It aims to answer questions related to establishing the Shanghai FTZ and improving its practices, such as the future of world''s macro-economy, the Shanghai FTZ''s position in Chinese and world economy, government transition and international trade upgrading, as well as financial sector opening up strategies and innovations. By answering these questions, implications for possible future policy developments are provided. Though the operation of Shanghai FTZ is the main focus, this book delves deeper into the question of how China will further reform its financial system in the future. Similar to the Shenzhen Special Economic Zone, which heralded China''s economic transformation in the 1980s and 1990s, the Shanghai FTZ may well be such a pioneer project, pointing to the future economic path that China might tread. Written by the foremost Chinese economists — with some involved in the setup process of the Shanghai FTZ, this book is a must read for anyone who is interested in the prospects of the Shanghai FTZ and the future direction of the Chinese economic development. Contents:PrefaceNew Trends in Globalization and China''s Strategies (Zhigang Yuan and Yuxin Yu)Reflection on the Development Strategy of Shanghai Pilot Free Trade Zone (Dazhong Cheng and Bin Jiang)Taking Advantage of China (Shanghai) Pilot Free Trade Zone to Upgrade International Trade in China (Zhi Yan, Li Shuxing and Luo Changyuan)The Construction of Shanghai Pilot Free Trade Zone and the Transformation of Chinese Economy (Sun Lijian)The Opening Up and Innovation of Capital Marketing Shanghai Pilot Free Trade Zone (Zongxin Zhang)The Construction of Shanghai Pilot Free Trade Zone and the Interest Rate Liberalization in China (Zhou Guangyou and Luo Sumei)An Analysis of RMB Pricing Power of Commodities in China (Shanghai) Free Trade Zone (Luo Zhongzhou)A Study of the Necessity and the Plan for China (Shanghai) Pilot Free Trade Zone to Take the Lead in the Pilot of "Replacing Business Tax with Value-Added Tax" in the Financial Sector (Du Li)Establishing an Offshore Reinsurance Center in Shanghai Pilot Free Trade Zone (Dongmei Chen and Zhijian Feng)Trust and Financial Regulations: A Survey and Its Implication on Shanghai FTA (Qi Qianru)Money Laundering and Anti-Money Laundering in Free Trade Zones: International Experience and Shanghai Strategies (Yan Lixin and Tong Wenjun) Readership: Students, economists and professional financiers who are interested in the newly established China (Shanghai) Pilot Free Trade Zone, especially the impact it will bring on China''s financial liberalization. Key Features:This is the first book studying the Shanghai FTZThis book is written by China''s top economists in areas related to the Shanghai FTZ and many of them are government consultants. They have a deep understanding of the operation of Shanghai FTZ and the Chinese economyConclusions from this book will provide lessons to the development of FTZs in other Chinese cities and other countriesKeywords:China;Shanghai;Pilot Free Trade Zone;Free Trade;Liberalization;Globalization;US;Financial Crisis;Free Trade Agreement;FTA'