Papua New Guinea Upgrades SEZ Customs to Meet Global Standards

Papua New Guinea Upgrades SEZ Customs to Meet Global Standards

Papua New Guinea Customs Service (PNGCS) is actively improving its management of Special Economic Zones. A workshop organized by the World Customs Organization (WCO) helped PNGCS benchmark against international standards, identify gaps, and learn from other countries' experiences. The outcomes of the discussions will be used to revise laws and regulations, aiming to establish a more efficient and transparent SEZ management system and promote economic development. This initiative underscores PNG's commitment to aligning with global best practices in customs administration and fostering a favorable investment climate.

Chinas Free Trade Zones Outpace National Growth in Q1 2025

Chinas Free Trade Zones Outpace National Growth in Q1 2025

In Q1 2025, China's Free Trade Zones (FTZs) saw a 2.2% increase in import and export volume, surpassing the national average. The Ministry of Commerce plans to deepen reforms, benchmark against international high standards, explore institutional opening-up, support industrial innovation, and optimize regional layout. These efforts aim to further enhance the role of FTZs in China's overall opening-up strategy and contribute to higher-quality economic development.

05/19/2025 Logistics
Read More