{"id":520,"date":"2018-08-27T11:46:00","date_gmt":"2018-08-27T11:46:00","guid":{"rendered":"http:\/\/thefreezoneblog.com\/blog\/2018\/08\/27\/djibouti-free-trade-zone-demonstrates\/"},"modified":"2018-08-27T11:46:00","modified_gmt":"2018-08-27T11:46:00","slug":"djibouti-free-trade-zone-demonstrates","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/djibouti-free-trade-zone-demonstrates\/","title":{"rendered":"Djibouti free trade zone hub of global trade"},"content":{"rendered":"
\n<\/a><\/div>\n
\n<\/div>\n

<\/p>\n

\n
\nThe Djibouti Free Trade Zone (FTZ)
\ncovering 48.2 square kilometres and with four industry clusters once
\ncompleted, will pave the way for the rise of the Horn of Africa nation
\nas a global trade hub.<\/u><\/u><\/div>\n
\n<\/u> <\/u><\/div>\n
\nThe FTZ, the largest of its kind in
\nAfrica, is focusing on trade and logistics, export processing, business
\nand finance as well as manufacturing and duty-free retail.
\n<\/u><\/u><\/div>\n
\n<\/u> <\/u><\/div>\n
\nThe East African state broke ground on the FTZ in January 2017 and was officially inaugurated it in July. 
\n<\/u><\/u><\/div>\n
\n<\/u> <\/u><\/div>\n
\nThe facilities including warehouses, gates and roads totalling 70,000 square meters had been finished as of the first half.<\/u><\/u><\/div>\n
\n<\/u> <\/u><\/div>\n
\nThe offices and hotels are estimated to be completed in the second half, according to a report over the weekend by news.cctv.com, the site of China Central Television.
\n<\/u><\/u><\/div>\n
\n<\/u> <\/u><\/div>\n
\nThe view of a modern FTZ being built
\ncontrasts sharply with the site a year earlier, when it was a barren
\nwaste filled with volcanic rocks, said the report.<\/u><\/u><\/div>\n
\n<\/u> <\/u><\/div>\n
\nDjibouti is getting a makeover with the free trade zone which isn’t just one of geographic terminology.
\n<\/u><\/u><\/div>\n
\n<\/u> <\/u><\/div>\n
\nAt the inauguration ceremony in July,
\nDjibouti President Ismail Omar Guelleh said: “It is a zone of hope for
\nthousands of young jobseekers and offering a glimpse into the zone’s
\neconomic ambitions.\u2019\u2019
\n<\/u><\/u><\/div>\n
\n<\/u> <\/u><\/div>\n
\nThe changes being made to the tiny, yet
\nhigh-profile African state by the new FTZ, part of the Belt and Road
\n(B&R) initiative, speak compellingly for the China-proposed
\ninitiative, which is now in its fifth year.
\n<\/u><\/u><\/div>\n
\n<\/u> <\/u><\/div>\n
\nThe initiative is a silver lining in the clouds of trade xenophobia that shadow the global economy.
\n<\/u><\/u><\/div>\n
\n<\/u> <\/u><\/div>\n
\nThe world has changed for the better
\nthanks to tangible progress China has made over the past five years in
\npartnership with many B&R economies.
\n<\/u><\/u><\/div>\n
\n<\/u> <\/u><\/div>\n
\nThat’s indisputably a wake-up call for
\nsome Western media outlets, which have been wrongly obsessed with such
\nissues as the debt implications of the sprawling initiative for
\neconomies along the route.<\/u><\/u><\/div>\n
\n<\/u> <\/u><\/div>\n
\nThere’s no denying that the B&R
\ninitiative is open to constructive criticism, but with this single
\nproject providing tangible proof of the true benefits of the B&R
\ninitiative, which involves many projects in many countries and
\n regions, it would be wiser for the “professional” faultfinders to stop
\njudging others and make the right turn.
\n<\/u><\/u><\/div>\n

<\/p>\n

\n<\/u> <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Djibouti Free Trade Zone (FTZ) covering 48.2 square kilometres and with four industry clusters once completed, will pave the way for the rise of the Horn of Africa nation as a global trade hub.   The FTZ, the largest of its kind in Africa, is focusing on trade and logistics, export processing, business and […]<\/p>\n","protected":false},"author":1,"featured_media":1769,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[129],"class_list":["post-520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-free-trade","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"\nDjibouti free trade zone hub of global trade - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/djibouti-free-trade-zone-demonstrates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Djibouti free trade zone hub of global trade - 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