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Singapore to amend Free Trade Zones Act to combat illegal trading activities

The amendments seek to enhance regulation and control of goods that flow through the FTZs. Read more at straitstimes.com. ....

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Saktiandi Supaat on Free Trade Zones (Amendment) Bill

Why is Singapore looking to amend its Free Trade Zones Act now, instead of much earlier? Given that the same three authorities - Jurong Port, PSA Corporation and Changi Airport Group - will continue to manage Singapore’s free trade zones (FTZs), is the amendment “more of form than substance” or will more operator ....

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Singapore: CCCS fines warehouse operators for price-fixing

Singapore: CCCS fines warehouse operators for price-fixing
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Singapore: CCCS fines four warehouse operators SGD 2.79 million for price-fixing

On 17 November 2022, the Competition and Consumer Commission of Singapore (CCCS) issued an infringement decision against four warehouse operators for… ....

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Angola introduces Free Trade Zones Act

The Free Trade Zones Act was approved in December 2020
Special economic zones (SEZ) have been a global trend over the last few decades and instrumental in achieving regional development, creating jobs and attracting foreign investment.
According to the Africa Economic Zones Organization, there were close to 189 operating SEZs in Africa in 2019, while an additional 57 were being implemented in 47 out of the 54 countries that make up the African Continent.
Angola has tried its hand at SEZs to varying degrees of success. The Luanda-Bengo SEZ, created in 2009 not far from the capital, failed to deliver on its promise to diversify the Angolan economy and strengthen its industrial base to an extent. The government is currently transforming it into a free trade zone (FTZ) to double down on its efforts to kick-start the economy. ....

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