Eritrea’s Free Trade Zone<
http://www.tesfanews.net/eritreas-free-trade-zone/>
By *Tourism Eritrea*<
http://www.shabait.com/about-eritrea/art-a-sport/16776-eritreas-free-trade-zone>
,
*ERITREA’s *future growth and prosperity is based on a market economy,
which gives the private sector a leading role. It encourages private
investment from both domestic and foreign investors.
[image: Eritrea’s Free Trade Zone]
In particular, the government in its newly established Free Zone in its
ports and in tourism related projects. It offers significant incentives for
such investors. Favorable investment policy, in particular, relates to
taxes, foreign exchange regulations, labor laws, business licensing and
guarantees.
[image: Loading and unloading capacity of Massawa Port upgraded to 1,500
tones a day] <
http://www.tesfanews.net/eritrean-sea-ports/massawa-port2/>
All are intended to encourage investments that help to develop and utilize
the natural resources of the country, create and expand job opportunities,
encourage the introduction of new technology, equitable regional growth and
participation of small and medium scale enterprises.
Eritrea’s vast area of the Red Sea and its coastline holds great potential
and opportunity for exploitation as a tourist industry, fisheries and
shipping services.
The Red Sea is the main line of the international shipping lines to/from
Europe which makes it one of the busiest shipping routes in the world.
Unlike other free zones of middle income countries, investors in Eritrea
will enjoy selling their products in the world markets* without any
constraints* because Eritrea is not subject to restrictions on market entry
of its free zone products by the World Trade Organization (WTO) and all
fees and charges are less expensive than any of the other free zon
[image: Arial view of Eritrea's Massawa
Port]<
http://www.tesfanews.net/eritrea-steady-progress-towards-better-maritime-service/massawa_port3/>
e competitors in the region at all levels.
Video
http://www.tesfanews.net/eritreas-free-trade-zone/
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Received on Fri Apr 18 2014 - 21:47:44 EDT