SEZs are popular instruments in developing countries for pursuing export-led growth strategies, for easier integration into the world economy. The main advantage of SEZs can be summarised as promotion of industrialisation and economic growth through sustainable development. WHAT CONSTITUTES a Special Economic Zone (SEZ) is determined individually by each country. According to the World Bank…
With purpose-built infrastructure, specialised facilities, separate rules & regulations, exclusive connectivity to ports and other major industrial areas through multi-modal transport systems, Bahrain’s Free Trade Zones offer a competitive edge for foreign businesses operating out of here, contends Ivor Vaz THE KINGDOM OF BAHRAIN is diversifying its economy away from unsustainable hydrocarbons resources to sectors…
Welcoming the much-needed booster for the exports sector, FIEO President, Mr Sharad Kumar Saraf said that the announcement made by the Hon’ble Finance Minister Ms Nirmala Sitharaman has come at a time when there are signs of worsening global economic conditions pointing further toward downward revision of global trade growth. Slew of new measures announced…
Oct-Nov-Dec | 2019 OPEN TRADE TRADE ASEAN persuades India to speed up talks on RCEP Pressure is piling up on India from other members of the Regional Comprehensive Economic Partnership (RCEP), especially the ASEAN, to end its stalemate with China on market opening offered under the proposed pact. Trade Ministers of Thailand and Indonesia and…
The Indian Army has approved the opening of a new trading point with China at Dumchelle in Ladakh, the third such along India’s disputed, albeit peaceful 3,488-km border with China in a confidence building measure ahead of Chinese President Xi Jinping’s October visit. Although the Indian Army’s spokesperson did not respond to queries, three officials…
Relations between India and Russia are rooted in history, mutual trust and mutually beneficial cooperation. This is a strategic partnership that has withstood the test of time, and which enjoys the support of the people of both countries, says Ivor Vaz IF THERE HAS EVER BEEN a longstanding and time-tested partner for India, it is…
IACC and KPMG recently organised a roundtable convention where in leaders from American and Indian companies deliberate on irritants in Indo-US trade. Ivor Vaz reports… GIVEN THE PACE at which the India-US relationship has been flourishing in recent times, and the huge significance of bilateral trade between these two democracies, the Indo American Chamber of…
On 2nd July 2024, the United Nations Office for Disaster Risk Reduction (UNDRR) unveiled a significant milestone in global disaster management efforts—the “Checklist on Scaling Up Disaster Risk Reduction in Humanitarian Action.” This comprehensive tool is poised to transform the way humanitarian, development, and peace actors address disaster risks, marking a critical step towards integrating…
As Hurricane Ernesto roars toward Bermuda, the Caribbean island is bracing for impact after the storm has already wreaked havoc in Puerto Rico, leaving hundreds of thousands without power or water amid an oppressive heatwave. A hurricane warning is now in effect for Bermuda, with Ernesto projected to reach the island on Saturday as a…
Bangladesh has been reeling under the impact of severe flash floods after days of relentless monsoon rains battered the nation’s north and southeastern regions between August 21 and 25. The prolonged downpour has triggered catastrophic flooding, affecting over 5.2 million people and forcing hundreds of thousands to seek refuge in shelters. The magnitude of the…
