The industry renowned World Free Zone Convention came to a successful end on March 1st 2016 in Bangkok, Thailand. The event included a two-day conference and an optional training program, dedicated to industry experts, including free zone authorities, officials, government ministries, investors, investment promotion agencies, banks, as well as other industry experts and financial professionals.
As China’s leading outbound investment platform, Invest In participated at the conference, Invest In’s Director Matthew Sumner, who has been in the industry for over a decade, was also invited to perform a speech at the event. Matthew’s speech focused on the recent development of China’s outbound and inbound investment trends, the industry insights and know-hows of doing business in China and his anticipations of the future. His speech drew much attention and interests from the participating industry insiders and experts.
Bangkok is a major regional force in finance and business where many multinational corporations locate their regional headquarters at the heart of the heart of the country's investment and development. It is an international hub for transport and health care, and is emerging as a regional centre for the arts, fashion and entertainment.
Thailand's new SEZ law has recently come into force and the Asian Development Bank will jointly support programmes which include Zones. In addition the recently launched AIIB will specifically invest in infrastructure and connectivity in stand-alone and co-financing projects in the region that are "high-quality, low-cost".
The Convention examined a number of current topical issues for Zones globally. These include whether to allow full foreign ownership and local content and tax mitigation strategies. During the course of the Convention, two special presentations were made on the China’s “New Silk Route” (by Invest In) and the “Kra Canal” project.
About 100 senior executives from Asia and the world’s most powerful and influential private and state-owned enterprises in attendance, the World Free Zone Convention provided an undoubtedly unprecedented platform for business development, information exchange and a source for business leaders looking to expand their business operations globally.
Some of the key sponsors at the event include WCA (a leading international logistics organization with 6000+ member offices in 187 countries), Tractus-Asia (a management consulting company focusing on assisting foreign investors achieve success in Asia, with offices in Bangkok, Vietnam, Indonesia, Myanmar, Hong Kong and India), and also DSI (a zone consultancy based in Thailand with over 30 years experiences in setting up successful free trade zones and port operations, in the Middle East, Africa, and more recently in Southeast Asia).
By Invest In