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Kuwait's free trade zone (FTZ) was formally established in 1999 to expand businesses and lure the export industry. The zone was located in the western part of the commercial port of Shuwaikh. It was the only free trade zone in the country. In 2019, the Council of Ministers cancelled the free-zone, leaving Kuwait without a special economic zone.
Also many car dealerships are located in this area. Houses in this area are usually from old times. The electric power station and water desalinization plant in the Port of Shuwaikh supply Kuwait city. The Kuwait Free Trade Zone is located on Jamal Abdul Nasser road which connects Shuwaikh Port to the centre of Kuwait City.
When Silk City is completed, nature reserves, business and residential facilities, as well as hotels and residential areas, will be included in the free trade zone. A causeway linking northern Kuwait to Kuwait City is named Sheikh Jaber Al-Ahmad Al-Sabah Causeway 36-kilometer-long (22 mi). [1] By using the causeway, driving time from Kuwait ...
The U.S.–MEFTA initiative started in 2003 with the purpose of creating a U.S.–Middle East Free Trade Area by 2013.. The U.S. objective with this initiative has been to gradually increase trade and investment in the Middle East, and to assist the Middle East countries in implementing domestic reforms, instituting the rule of law, protecting private property rights (including intellectual ...
A free trade area is the region encompassing a trade bloc whose member countries have signed a free trade agreement (FTA). Such agreements involve cooperation between at least two countries to reduce trade barriers, import quotas and tariffs, and to increase trade of goods and services with each other. If natural persons are also free to move ...
See also: List of special economic zones and List of free-trade zones In special economic zones business and trades laws differ from the rest of the country. The term, and a number of other terms, can have different specific meanings in different countries and publications. Often they have relaxed jurisdiction of customs or related national regulations. They can be ports or other large areas ...
"The Agadir Agreement" for the establishment of a free trade zone between the Arab Mediterranean Nations was signed in Rabat, Morocco on 25 February 2004. [3] [4] The agreement aimed at establishing free trade between Jordan, Tunisia, Egypt and Morocco which was seen as a first potential step in the formation of the Euro-Mediterranean free trade area as envisaged in the Barcelona Process.
Centenary Economic City. Enugu Industrial Park (Free Zone Status), also known as, ENPOWER [ 6] Kano Free Trade Zone. Ibom Science & Technology Park Free Zone. Lekki Free Trade Zone. Maigatari Border Free Trade Zone. Nigeria International Commerce city. Onne Oil and Gas Free Trade Zone. Ogun-Guangdong Free Trade Zone.