Free zones - a tool for reglobalisation

[...]the proximity of the new production processes to consumers and suppliers will reduce, by up to five times, the carbon footprint produced by the transfer of raw materials from one continent to another and the return of the final product, resulting in cleaner logistics. A Free zones are fully com...

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Bibliographic Details
Published in:Foreign Direct Investment 2022-10, p.18
Main Author: MARTÍN GUSTAVO IBARRA
Format: Article
Language:English
Subjects:
Foreign trade zones
Free trade
Green hydrogen
Income taxes
International trade
Raw materials
Tax rates
Online Access:Get full text
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Summary:[...]the proximity of the new production processes to consumers and suppliers will reduce, by up to five times, the carbon footprint produced by the transfer of raw materials from one continent to another and the return of the final product, resulting in cleaner logistics. A Free zones are fully compatible with the minimum global tax, since the essence of a free zone is the special customs and foreign trade regime that applies to both equipment and inventories of raw materials and inputs and final products. [...]in some OECD member countries where a thousand free trade zones are located, they can have the same income tax treatment for companies located inside or outside their free trade zones.
ISSN:1476-301X
1476-301X