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Free Economic Zone Of Manaus
The Free Economic Zone of Manaus ( pt, Zona Franca de Manaus, - ZFM) is a free economic zone in the city of Manaus, the capital of the State of Amazonas, Northern Brazil. The initial idea, a free trade port in Manaus, came from Deputy Francisco Pereira da Silva and was subsequently formalized by Law No. 3.173 on June 6, 1957. The project was approved by the National Congress on October 23, 1951 under No. 1.310 and regulated by Decree No. 47.757 on February 2, 1960. It was then amended by rapporteur Maurício Jopper, engineer, who by agreement with the original author, justified the creation of a free economic zone instead of a free trade port. For the first ten years the ZFM (Manaus Free Trade Zone) was located in a warehouse rented from Manaus Harbour, in the Port of Manaus, and relied on federal funds. It was perhaps due to this lack of its own resources that there was little credibility in the project. On February 28, 1967, President Castello Branco signed Decree-Law No. 288, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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] |
Manaus
Manaus () is the capital and largest city of the Brazilian state of Amazonas. It is the seventh-largest city in Brazil, with an estimated 2020 population of 2,219,580 distributed over a land area of about . Located at the east center of the state, the city is the center of the Manaus metropolitan area and the largest metropolitan area in the North Region of Brazil by urban landmass. It is situated near the confluence of the Negro and Solimões rivers. It is the only city in the Amazon Rainforest with a population over 1 million people. The city was founded in 1669 as the Fort of São José do Rio Negro. It was elevated to a town in 1832 with the name of "Manaus", an altered spelling of the indigenous Manaós peoples, and legally transformed into a city on October 24, 1848, with the name of ''Cidade da Barra do Rio Negro'', Portuguese for "The City of the Margins of the Black River". On September 4, 1856, it returned to its original name. Manaus is located in the center of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Amazonas (Brazilian State)
Amazonas () is a state of Brazil, located in the North Region in the northwestern corner of the country. It is the largest Brazilian state by area and the 9th largest country subdivision in the world, and the largest in South America, being greater than the areas of Uruguay, Paraguay, and Chile combined. Mostly located in the Southern Hemisphere, it is the third largest country subdivision in the Southern Hemisphere after the Australian states of Western Australia and Queensland. Entirely in the Western Hemisphere, it is the fourth largest in the Western Hemisphere after Greenland, Nunavut and Alaska. It would be the sixteenth largest country in land area, slightly larger than Mongolia. Neighbouring states are (from the north clockwise) Roraima, Pará, Mato Grosso, Rondônia, and Acre. It also borders the nations of Peru, Colombia and Venezuela. This includes the Departments of Amazonas, Vaupés and Guainía in Colombia, as well as the Amazonas state in Venezuela, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Northern Brazil
The North Region of Brazil ( pt, Região Norte do Brasil; ) is the largest region of Brazil, corresponding to 45.27% of the national territory. It is the second least inhabited of the country, and contributes with a minor percentage in the national GDP and population. It comprises the states of Acre, Amapá, Amazonas, Pará, Rondônia, Roraima and Tocantins. Its demographic density is the lowest in Brazil considering all the regions of the country, with only 3.8 inhabitants per km2. Most of the population is centered in urban areas. Belém International Airport and Manaus International Airport connect the North Region with many Brazilian cities and also operate some international flights. The North is home to the Federal University of Amazonas and Federal University of Pará, among others. History The first inhabitants of the North Region, as in the rest of Brazil, were the Native Brazilians, who shared a diverse number of tribes and villages, from the pre-Columbian period un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Free Port
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 def ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harbour
A harbor (American English), harbour (British English; see spelling differences), or haven is a sheltered body of water where ships, boats, and barges can be docked. The term ''harbor'' is often used interchangeably with ''port'', which is a man-made facility built for loading and unloading vessels and dropping off and picking up passengers. Ports usually include one or more harbors. Alexandria Port in Egypt is an example of a port with two harbors. Harbors may be natural or artificial. An artificial harbor can have deliberately constructed breakwaters, sea walls, or jettys or they can be constructed by dredging, which requires maintenance by further periodic dredging. An example of an artificial harbor is Long Beach Harbor, California, United States, which was an array of salt marshes and tidal flats too shallow for modern merchant ships before it was first dredged in the early 20th century. In contrast, a natural harbor is surrounded on several sides of land. Examples ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Port Of Manaus
The Port of Manaus is a riverport located on the Rio Negro in Manaus, Amazonas, Brazil. The Port of Manaus is an important commercial center for ocean-going vessels traveling the Amazon. In fact, it is the main transport hub for the entire upper Amazon basin. It imports beef from the hinterlands and exports hides and leather. Important industries in the Port of Manaus include manufacturing of soap, chemicals, electronics equipment as well as shipbuilding, brewing, and petroleum refining. Several mobile phone companies have manufacturing plants in the Port of Manaus, and other major electronics manufacturers have plants there. Major exports include Brazil nuts, chemicals, petroleum, electrical equipment, and forest products, and eco-tourism is an increasingly important source of income for the city. The recent discovery of petroleum in the area brings great promise of further wealth and commerce to the Port of Manaus. With so much industry and commerce, the Port of Manaus has be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Incentive
A tax incentive is an aspect of a government's taxation policy designed to incentivize or encourage a particular economic activity by reducing tax payments. Tax incentives can have both positive and negative impacts on an economy. Among the positive benefits, if implemented and designed properly, tax incentives can attract investment to a country. Other benefits of tax incentives include increased employment, higher number of capital transfers, research and technology development, and also improvement to less developed areas. Though it is difficult to estimate the effects of tax incentives, they can, if done properly, raise the overall economic welfare through increasing economic growth and government tax revenue (after the expiration of the tax holiday/incentive period). However, tax incentive can cause negative effects on a government's financial condition, among other negative effects, if they are not properly designed and implemented. There are four typical costs to tax incen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Comparative Advantage
In an economic model, agents have a comparative advantage over others in producing a particular good if they can produce that good at a lower relative opportunity cost or autarky price, i.e. at a lower relative marginal cost prior to trade. Comparative advantage describes the economic reality of the work gains from trade for individuals, firms, or nations, which arise from differences in their factor endowments or technological progress. (The absolute advantage, comparing output per time (labor efficiency) or per quantity of input material (monetary efficiency), is generally considered more intuitive, but less accurate — as long as the opportunity costs of producing goods across countries vary, productive trade is possible.) David Ricardo developed the classical theory of comparative advantage in 1817 to explain why countries engage in international trade even when one country's workers are more efficient at producing ''every'' single good than workers in other countries. He ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taxation In Brazil
Taxation in Brazil is complex, with over sixty forms of tax. Historically, tax rates were low and tax evasion and avoidance were widespread. The 1988 Constitution called for an enhanced role of the State in society, requiring increased tax revenue. In 1960, and again between 1998 and 2004, efforts were made to make the collection system more efficient. Tax revenue gradually increased from 13.8% of GDP in 1947 to 37.4% in 2005. Tax revenue has become quite high by international standards, but without realising commensurate social benefit. More than half the total tax is in the regressive form of taxes on consumption. Considerations on taxes in Brazil The Brazilian tax system is a legacy of the Empire, a period that was initially focused on taxes on imports. It had its first significant change only with the Constitution of 1934, when internal taxes on products began to gain projection. In 1960 a reform in order to increase the storage capacity of the state and increase the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Special Economic Zones
A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include increasing trade balance, employment, increased investment, job creation and effective administration. To encourage businesses to set up in the zone, financial policies are introduced. These policies typically encompass investing, taxation, trading, quotas, customs and labour regulations. Additionally, companies may be offered tax holidays, where upon establishing themselves in a zone, they are granted a period of lower taxation. The creation of special economic zones by the host country may be motivated by the desire to attract foreign direct investment (FDI). The benefits a company gains by being in a special economic zone may mean that it can produce and trade goods at a lower price, aimed at being globally competitive. In some countries, the zones have been criticized for being l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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