Published 28 Oct,2020 via The Nation - The world over, countries are establishing free trade zones to facilitate growth through high-end manufacturing and processing. For experts, free trade zones can play a role in transforming food systems by providing an environment for producers to develop innovative products and services that are vital to addressing food security, writes DANIEL ESSIET.
Globally, countries are ramping up efforts to increase investment and incentivising activities in a range of industries by establishing free trade zones.
Incentives include supporting foreign companies looking to relocate with about 100 per cent ownership of their companies, flexible foreign workforce and visa processes, customs duty exemption on imports and corporate tax holidays for investors.
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DANIEL ESSIET