Investor Presentaiton
Free Trade Zones & Nigeria Tax Regime
Asian Insight:
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South Korea, Taiwan, Hong Kong and Singapore among the first to set
up FTZs; poorer 3rd World countries in Southeast Asia took up the
strategy a decade later.
Generally Asian countries interested in logistics, either:
improving national export competitiveness through sophisticated
domestic logistics industry; establishment of int'l logistics centers or
becoming regional logistics hub to serve neighbouring countries.
The whole of Singapore arguably an FTZ with relatively few excise and
import duties - world class infrastructure and connectivity are critical to
its prominence in global logistics industry. Goal to be virtual hub, not
just physical hub. Logistics contributed 8% ($12.7 bn) to GDP in 2000.
China, Korea have designated areas as FTZs (EDTZs, FTZs, HTIDZS,
B&ECZs, EPZs), etc. of varying sizes and focus - cf. Xiamen SEZ (1,565
sq.km with 1.31m population) with Tianji FTZ (5 sq. km).
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