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Free Economic Zone
Free economic zones (FEZ), free economic territories (FETs) or free zones (FZ) are a class of special economic zone (SEZ) designated by the trade and commerce administrations of various countries. The term is used to designate areas in which companies are taxed very lightly or not at all to encourage economic activity. The taxation rules and duties are determined by each country. The World Trade Organization (WTO) Agreement on Subsidies and Countervailing Measures (SCM) has content on the conditions and benefits of free zones. Some special economic zones are called free ports. Sometimes they have historically been endowed with favorable customs regulations, such as the free port of Trieste. As the United Kingdom was proposing the creation of ten free ports after leaving the European Union in early 2020, the EU was clamping down on 82 free zones after finding that their special status had aided the financing of terrorism, money laundering and organised crime. Definition The de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Freeport (other)
Freeport, a variant of free port, may refer to: Places United States *Freeport, California *Freeport, Florida *Freeport, Illinois *Freeport, Indiana *Freeport, Iowa *Freeport, Kansas *Freeport, Maine, a New England town ** Freeport (CDP), Maine, the main village in the town *Freeport, Michigan * Freeport, Minnesota *Freeport, New York *Freeport, Ohio *Freeport, Pennsylvania *Freeport, Texas *Freeport, West Virginia Elsewhere *Freeport, Bahamas *Freeport, Nova Scotia, Canada *Freeport Tortuga, Haiti *Freeport, Trinidad and Tobago Railway stations *Freeport (LIRR station), a Long Island Railroad Station in Freeport, New York, U.S.A. *Braintree Freeport railway station, a railway station in Braintree, Essex, England *Freeport station (Illinois), a proposed railway station in Freeport, Illinois, U.S.A. *Freeport station (Maine), an Amtrak station in Freeport, Maine, U.S.A. Arts, entertainment, and media * Freeport, name of several space stations in the video game ''Freelancer'' (2003) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Treaty
A treaty is a formal, legally binding written agreement between actors in international law. It is usually made by and between sovereign states, but can include international organizations An international organization or international organisation (see spelling differences), also known as an intergovernmental organization or an international institution, is a stable set of norms and rules meant to govern the behavior of states a ..., individuals, business entities, and other legal persons. A treaty may also be known as an international agreement, protocol, covenant, convention, pact, or exchange of letters, among other terms. However, only documents that are legally binding on the parties are considered treaties under international law. Treaties vary on the basis of obligations (the extent to which states are bound to the rules), precision (the extent to which the rules are unambiguous), and delegation (the extent to which third parties have authority to interpret, apply ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bonded Logistics Park
A bonded logistics park is a type of special economic zone. Trade arrangements are similar to that of a bonded warehouse but over a specific geographic area. Sometimes with international port capabilities. Goods may be stored, manipulated, or undergo manufacturing operations without payment of duty. China China’s bonded logistic parks have similar rules to free-trade zones (another specific type of special economic zone) except for export VAT refund. Export VAT refund is eligible for a Chinese company once their goods enter the park. Locations * Zhangjiagang Bonded Logistics Park, Jiangsu province * Yantian Port Bonded Logistics Park, Guangdong province See also * Entrepôt * Free economic zone * Free-trade zone * List of free economic 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 ju ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Money-laundering
Money laundering is the process of concealing the origin of money, obtained from illicit activities such as drug trafficking, corruption, embezzlement or gambling, by converting it into a legitimate source. It is a crime in many jurisdictions with varying definitions. It is usually a key operation of organized crime. In US law, money laundering is the practice of engaging in financial transactions to conceal the identity, source, or destination of illegally gained money. In UK law the common law definition is wider. The act is defined as "taking any action with property of any form which is either wholly or in part the proceeds of a crime that will disguise the fact that that property is the proceeds of a crime or obscure the beneficial ownership of said property". In the past, the term "money laundering" was applied only to financial transactions related to organized crime. Today its definition is often expanded by government and international regulators such as the US Office ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Commission
The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body of about 32,000 European civil servants. The Commission is divided into departments known as Directorates-General (DGs) that can be likened to departments or ministries each headed by a Director-General who is responsible to a Commissioner. There is one member per member state, but members are bound by their oath of office to represent the general interest of the EU as a whole rather than their home state. The Commission President (currently Ursula von der Leyen) is proposed by the European Council (the 27 heads of state/governments) and elected by the European Parliament. The Council of the European Union then nominates the other members of the Commission in agreement with the nominated President, and the 27 members as a team are then ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Parliament
The European Parliament (EP) is one of the legislative bodies of the European Union and one of its seven institutions. Together with the Council of the European Union (known as the Council and informally as the Council of Ministers), it adopts European legislation, following a proposal by the European Commission. The Parliament is composed of 705 members (MEPs). It represents the second-largest democratic electorate in the world (after the Parliament of India), with an electorate of 375 million eligible voters in 2009. Since 1979, the Parliament has been directly elected every five years by the citizens of the European Union through universal suffrage. Voter turnout in parliamentary elections decreased each time after 1979 until 2019, when voter turnout increased by eight percentage points, and rose above 50% for the first time since 1994. The voting age is 18 in all EU member states except for Malta and Austria, where it is 16, and Greece, where it is 17. Although the E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Nations
The United Nations (UN) is an intergovernmental organization whose stated purposes are to maintain international peace and international security, security, develop friendly relations among nations, achieve international cooperation, and be a centre for harmonizing the actions of nations. It is the world's largest and most familiar international organization. The UN is headquarters of the United Nations, headquartered on extraterritoriality, international territory in New York City, and has other main offices in United Nations Office at Geneva, Geneva, United Nations Office at Nairobi, Nairobi, United Nations Office at Vienna, Vienna, and Peace Palace, The Hague (home to the International Court of Justice). The UN was established after World War II with Dumbarton Oaks Conference, the aim of preventing future world wars, succeeding the League of Nations, which was characterized as ineffective. On 25 April 1945, 50 governments met in San Francisco for United Nations Conference ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sovereignty
Sovereignty is the defining authority within individual consciousness, social construct, or territory. Sovereignty entails hierarchy within the state, as well as external autonomy for states. In any state, sovereignty is assigned to the person, body, or institution that has the ultimate authority over other people in order to establish a law or change an existing law. In political theory, sovereignty is a substantive term designating supreme legitimate authority over some polity. In international law, sovereignty is the exercise of power by a state. ''De jure'' sovereignty refers to the legal right to do so; ''de facto'' sovereignty refers to the factual ability to do so. This can become an issue of special concern upon the failure of the usual expectation that ''de jure'' and ''de facto'' sovereignty exist at the place and time of concern, and reside within the same organization. Etymology The term arises from the unattested Vulgar Latin's ''*superanus'', (itself derived ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Treaty Of Peace With Italy, 1947
The Treaty of Paris between Italy and the Allied Powers was signed on 10 February 1947, formally ending hostilities between both parties. It came into general effect on 15 September 1947. Territorial changes * Transfer of the Adriatic islands of Cres, Lošinj, Lastovo and Palagruža; of Istria south of the river Mirna; of the exclave territory of Zadar in Dalmatia; of the city of Rijeka and the region known as the Julian March to the Socialist Federal Republic of Yugoslavia; * Transfer of the Italian Islands of the Aegean to the Kingdom of Greece; * Transfer to France of Briga and Tenda, and minor revisions of the Franco-Italian border; * Recognition of the independence of the People's Socialist Republic of Albania and transfer to Albania of the island of Sazan; * Renunciation of claims to Ethiopia and restoration of the Ethiopian Empire; * Renunciation of claims to colonies (including Libya, Eritrea and Somaliland) and dissolution of the Italian Empire; * Cancellation of fav ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Nations Security Council
The United Nations Security Council (UNSC) is one of the Organs of the United Nations, six principal organs of the United Nations (UN) and is charged with ensuring international security, international peace and security, recommending the admission of new UN members to the United Nations General Assembly, General Assembly, and approving any changes to the UN Charter. Its powers include establishing peacekeeping operations, enacting international sanctions, and authorizing military action. The UNSC is the only UN body with the authority to issue binding United Nations Security Council resolution, resolutions on member states. Like the UN as a whole, the Security Council was created after World War II to address the failings of the League of Nations in maintaining world peace. It held its first session on 17 January 1946 but was largely paralyzed in the following decades by the Cold War between the United States and the Soviet Union (and their allies). Nevertheless, it authorized ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Resolution (law)
In law, a resolution is a written motion adopted by a deliberative body. The substance of the resolution can be anything that can normally be proposed as a motion. For long or important motions, though, it is often better to have them written out so that discussion is easier or so that it can be distributed outside the body after its adoption. An alternate term for a resolution is a ''resolve''. Resolutions are commonly used in corporations and houses of legislature. In corporations In corporations, a written resolution is especially useful in the case of the board of directors of a corporation, which usually needs to give its consent to real estate purchases or sales by the corporation. Such a resolution, when certified by the corporation's secretary, gives assurance to the other side of the transaction that the sale was properly authorized. Other examples include resolutions approving the opening of bank accounts or authorizing the issuance of shares in the corporation. Ho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Free Territory Of Trieste
The Free Territory of Trieste was an independent territory in Southern Europe between northern Italy and Yugoslavia, facing the north part of the Adriatic Sea, under direct responsibility of the United Nations Security Council in the aftermath of World War II. For a period of seven years, it acted essentially as a free city. The territory was established on 10 February 1947 by a protocol of the Treaty of Peace with Italy in order to accommodate an ethnically and culturally mixed population in a neutral independent country. The intention was also to cool down territorial claims between Italy and Yugoslavia, due to its strategic importance for trade with Central Europe. It came into existence on 15 September 1947. Its administration was divided into two areas: one being the port city of Trieste with a narrow coastal strip to the northwest (Zone A); the other (Zone B) was formed by a small portion of the north-western part of the Istrian peninsula. The territory was dissolved ''d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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