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Businesswoman Tabitha Karanja and several newcomers have been cleared to contest.
\"Our Parliament has been reduced to a fish market with members jostling for five minutes of infamy. Is this the example our representatives want to set for our youth looking on?\"
Our Parliament has been reduced to a fish market with members jostling for 5 mins of infamy. Is this the example our representatives want to set for our youth looking on?
— Mickela (@mickelapanday) October 21, 2021
Leader of the Movement for Social Justice (MSJ) David Abdulah said, \"Does the UNC understand what they are doing? Their actions are seeking to dangerously divide the country. It is not about democracy. They are laying the basis for justifying why their motion will not succeed.
\"This is a serious issue but I am reminded of Explainer's Calypso – In Parliament they kicksin. The motion will be defeated
[Daily Trust] Nigeria and Turkey have signed a series of bilateral agreements and memoranda of understanding on a number of key sectors of energy, defence industry, mining and hydrocarbons among others
[Nation] Inequalities that had otherwise been reduced in decades of active interventions will worsen if post-Covid-19 recovery measures fail to address systemic barriers to women and girls' progress, feminists said last week.
THE EDITOR: Given the overwhelming public interest and debate about the peculiar circumstances which led to the appointments and eventual rejection by the courts, of both Mr Griffith and Mr Jacob as acting police commissioner, one would have thought the parties involved in the imbroglio, would have eagerly grasped the opportunity to come to the … Continue reading Parliament must have its say
The post Parliament must have its say appeared first on Trinidad and Tobago Newsday.
[Nation] Google Kenya is seeking to have the Kenya Revenue Authority compelled to pay tax refunds of Sh58.7 million, in a case of the hunter becoming the hunted.
Their lawyers, Alec Muchadehama, Gift Mtisi and Jeremiah Bamu, told the court that the charges they were facing did not disclose an offence.
The post MDC activists application for exception dismissed appeared first on NewsDay Zimbabwe.
The content originally appeared on: CNN The neighboring ports, a mere two nautical miles from each other, are the two largest in the country, measured by containters handled - with Los Angeles holding the top spot. Imports from Asia that you find in your home - including clothes, shoes, furniture, toys and everyday household goods such as kitchenware, cleaning supplies and food - flood in through the ports. They arrive in 20-foot long, or more commonly 40-foot long, steel shipping […]
Opinion - For the first time in over a decade, tuberculosis (TB) deaths have increased globally. This is according to the World Health Organization's Global TB Report 2021 released last week. The report found that the increase in deaths was due to "reduced access to TB diagnosis and treatment in the face of the COVID-19 pandemic".
In one way or another, special economic zones (SEZs) have been one of the ways that TT attracted foreign investors to our shores since before independence.
The reliefs and exemptions that are identified as some of the key aspects of SEZs were provided to businesses through the Pioneers Industries Act, passed in TT in 1950. That act offered modest concessions to industries, including income tax exemptions and import duty relief on plant and machinery. These concessions were advertised to foreign investors through government as one of the benefits of doing business in TT.
These reliefs and exemptions were expanded in the Free Zones Act of 1988. To date, there are ten areas in TT where 18 businesses operate that have been designated as free trade zones.
Now, there's a plan to return to SEZs, as announced by Finance Minister Colm Imbert on October 4, during the 2021 budget presentation. Imbert proposed repealing the Free Zones Act to implement SEZs to be regulated through a special economic zones authority.
Imbert said the authority, aside from assessing the current performance of all free trade zones, would have to formulate standards and prescribe codes of practice, facilitate an enabling environment, develop the infrastructure needed to attract investors, stimulate domestic investment and in the long run further advance diversification of the economy.
TT in this exercise will join more than 140 economies that utilise more than 5,000 SEZs which employ over 60 million people worldwide.
Free trade zones
According to the World Bank, a free trade zone (FTZ) is an enclosed area that allows businesses exemptions from duties for warehousing and distribution facilities which support trade. These areas are usually located near a point of entry like an airport, port or land border, or on a “corridor” – a direct route to a point of entry with the same exemptions.
Nestle Caribbean has operated a free zone since 1993. On the TT Free Zones Co Ltd (TTFZ) website, Nestle shared how it received clear guidance from the the state regulating body. The communication between Nestle and TTFZ allowed the local subsidiary of the Swiss-owned food and beverage group to keep abreast of changes in business processes that allowed it to maintain compliance and expand opportunities.
Nestle was also able to resolve a few challenges in interpreting customs regulations.
“As one of the larger businesses operating with the TTFZ we have also been a reference, as a positive example, for others to emulate when considering a similar business model,” it said in its online testimony.
Special economic zones, however, are areas which governments use to facilitate industrial activity through fiscal and regulatory incentives as well as infrastructural support. Much like FTZs, tax breaks and customs relief allow businesses in SEZs to cut through red tape and improve the ease of doing business. SEZs, like science parks, regional development zones and urban regeneration zones, invite foreign direct investment (FDI).
The best examples of SE
The content originally appeared on: Trinidad and Tobago Newsday News FILE PHOTO: Dame Sandra Mason, governor general of Barbados, holds her Companion of the Order of St Michael and St George (CMG) medal presented at an investiture ceremony at Buckingham Palace in London on March 23, 2018. AFP PHOTO - As the Trinidad and Tobago Parliament prepares to vote on a motion filed by Opposition Leader Kamla Persad-Bissessar to begin the process to remove President Paula-Mae Weekes from office, the […]
