New free zone to be established in Baghdad

[tigergorzow]

New free zone to be established in Baghdad

January 26 2017 07:40 PM

Free zone

 

The General Authority for Free Zones (GAFZ) signed on Thursday a contract with a specialized company to set up a free zone in Baghdad.

In a statement, the authority said the new zone will be established at an area of 12,640 square meters in Jurf Naddaf area.

The contract will be valid for 25 years and it could be renewed if the company wished so, the statement added.

Iraqi workers should constitute at least 50 percent of the total manpower and they will subject to the labor law no. 37 of 2015.

http://www.thebaghdadpost.com/en/story/5443/New-free-zone-to-be-established-in-Baghdad

[ggdog60]

Thanks, Tige!

[ChuckFinley]

Thanks Tiger, looks like they are planning for the future.  

[tigergorzow]

DV,  FYI...Too Digest!!

Free Zone may refer to: Free economic zone, designated areas in which companies are taxed very lightly or not at all in order to encourage economic activity. Free trade zone, an area in which goods may be landed, handled, manufactured or reconfigured, and reexported without the intervention of customs authorities.

 

6 hours ago, tigergorzow said:

The General Authority for Free Zones (GAFZ)

https://www.google.com/?gws_rd=ssl#q=define+free+zone+in+a+country

Edited January 27, 2017 by tigergorzow

[Lorre]

http://www.al-monitor.com/pulse/originals/2013/04/iraq-free-trade-zones.html

More info on frees trade zones in Iraq.

Thanks Tigerorzow

[ChuckFinley]

Could very well be. This would be in line on what they are doing in the trade arena.   

[Lorre]

3 minutes ago, tigergorzow said:

DV,  FYI...Too Digest!!

Free Zone may refer to: Free economic zone, designated areas in which companies are taxed very lightly or not at all in order to encourage economic activity. Free trade zone, an area in which goods may be landed, handled, manufactured or reconfigured, and reexported without the intervention of customs authorities.

 

https://www.google.com/?gws_rd=ssl#q=define+free+zone+in+a+country

Thanks again and sorry, I was posting while you were...😀

[tigergorzow]

1 minute ago, Lorre said:

Thanks again and sorry, I was posting while you were...😀

Lorre, NP....Great minds think alike my friend.....

[Lorre]

4 minutes ago, tigergorzow said:

Lorre, NP....Great minds think alike my friend.....

Appreciate you.

[Synopsis]

Hey, I just want to hit that free Moola Iraqi Dinar trade zone! 

Go Moola Nova!

[sandfly]

Thanks