There are a lot of economic zones in the world. What priorities will be the formation of the industrial zone in Georgia, and is coordinated?
There may be its geographical location, the proximity of Azerbaijan, Armenia, Russia, Turkey, Ukraine and Central Asian markets, I believe that before the formation of the industrial zone. It 'also provided that the direct proximity of Georgia on the Black Sea is the euro, the European Union.
It should be noted that wearsPoti is the biggest in the Black Sea region, 'the largest port facilities for loading dry Caucasus, which is in the TRACECA corridor and the most important transit white web. The harbor is through a direct view of the sea in Europe and the largest ports in Asia, is connected, has a direct ferry links with Ukraine, Russia, Bulgaria. The port is connected to the railway network in the country, with all cities in Georgia with the way in which it is attached, has relations with potentiometerAirport and Batumi International Airport. This port city offers all types of cargo. It is certified ISO-9001-2000.
Port of Poti to expand the conductivity and serves over 25 million tonnes of freight annually.Together geographical location, proximity to main roads and international labor cheap looking also at the front.
They are in the industrial area of 400 hectares and is adjacent to the northern gate to open and follow the sea, the beachOn-line.
This position carries the benefit of the enclave's economic and very liberal legislation is to attract foreign investment, the investment climate in Georgia is not very attractive from different angles. First, the definition of the investment picture is the size of the market. Large market is more attractive. The Georgia market is no different with the large scales.
The second factor is the law. Georgian legislation is liberal.Heritage Foundation says that the country is interesting in this direction. According to the index of economic independence, 32 Georgia Performs. This means that the barrier is very liberal for the business of advertising and industrial initiatives in Georgia.
One factor is the interruption of political instability. We know that the great inventor of attention rate guarantees for the political stability and investment. One of the problems of territorial integrity of our country,Returned to Georgia under the constant threat of war is also for those who were.
There are some problems in terms of law enforcement. Fixed suppress facts affected environment for private investment. It is important to offer income-generating activities and creation of mechanisms for legal protection.
Skills of the workforce is also a serious problem. is very low in Georgia. Intellectual resources is also reduced.
The main reasonCreating an EPZ is to facilitate investment, business growth and employment in the region to achieve. The country has the advantages of how the financial conditions for investors to make their choice in favor of Georgia, among others. We will see in the future functioning of the EPZ, and if instead of inflow of investments.
Calling areas, possibly off-shore. These are the areas thatquestionable in the eyes of all, because it is not selected. Its structure in Georgia has been followed by the opposition and the dependency critique. The majority of Georgian experts have a negative function of these areas, as is supposed to be the sphere of action, without reducing the interests of some individuals to launder dirty money ', sales of capital as a means to avoid regulations and taxes is very doubtful prospect in Georgia. In their eyes,understand why it is not necessary to establish an economic zone of the country has taken important measures to liberalize the economic environment and industry. Full liberalization of foreign trade was in the 90s. This meant that the export tax was raised. Duty-free cuts, such as quotas and licenses have been eliminated. Since 1998, the monetary transactions are completely independent. In 2006, high tariffs reduced. Today, customTariffs on agricultural production by 12%, based on materials of construction - 5%, others are zeroed. E 'simplified license and rights beginning of industrial activities and their implementation. A teacher who encourages economic expert Vladimir Papava: "Creating an economic free zone in conditions of free economy is a good fit. So I think that is the creation of an economic free zone in Georgia is nonsense."
He finds the following statement about his views. Theretwo types of countries in the world - those who suffer from over-investment and for them. Surplus countries to strengthen national investment of investors in the economic zone. Landforms in other conditions such that the investor invests money in the free zone in the territory of their country, not outside it. Creation of economic zones, tempered in the hunger for investment in land, the situation, since the investor does not enter theOwn country but throughout the region. Local investors will try to do the same. The economy of Georgia is not fixed and the ruin of the establishment of free economic zone economy throughout the country.
Temur Giorkhelidze expert wrote: "It 'something of a people and the country is made even raise an illusion. One area that is not of an international character. Insufficient development of the business environment across the country to cause chaos in this area!"
The authors ofDesign and supporters of the basis of the estimated FIZ its founding as positive and believe that Georgia is more developed and easier to overcome poverty if the economy is open and liberal.
The author of the bill Kakha Benduqidze considered an area of increasing activity in regions of Georgia needs. The area of high technology and production, working in the industrial city in the neutral point of doing somethingfurther impetus for the provision of their activities.
Economy Minister Vakhtang Lezha wrote: "It 'a very liberal system of economic regulation in Georgia. EPZ main objective is the creation of a liberal industrial specific region of the country for actual use is the goal." Request Lezha that "Georgia is not in the area becomes off-shore, where there are no prerequisites for this." After the declaration of the Governmentachieve greater economy of the economic zone, the country is.
Thus, the creation of an export processing zone was followed by several criteria. There is a constant demand - "What will be the basis of the industrial zone in Georgia?" Say in this situation on several occasions that "stick with two ends, or as there is positive, negative unilaterally. One might think that the surplus aside and make another advantage, it is good or not FIZGeorgia.
Let's talk about the anticipated risks and problems of establishing the free zone economic
Founding Director of FIZ is followed by spending in the first phase, since the payment of taxes, the family income decreased.
The legal regulation attractive free trade area to turn into investments, a particular region of the country at the expense of others. These regions are less interesting from the point of ruining the investment horizon. This can lead toThe opposition between the different regions, because people in one area can say they are oppressed and have no means designed for this.
It is defined by law, that the economic zone can be established in every region of the country will open in May in each region. This is exactly where the experts see the danger as the basis of FIZ is possible in the border areas where ethnic diversity, while the economy has EPZTheme of our country and fully integrated, it will be possible for the territories of neighboring countries from an economic perspective.
is negative, because a zone without any control of the country in which trade can be controlled, such as sections of the Roki - Down Zaramaga and eagles - Gantiadi. It 'very difficult to implement custom controls
is necessary to provide specific security measures may be because the production includedField area to the market through illegal means. E 'need to reduce the input and the maximum and opportunities posed by surveillance. There is the risk of smuggling in the economic zone. They see the danger the existence of shell companies to consider how much money himself. Although the authors intend to make calls in the law to avoid this danger.
EPZ increases the risk of giving a recycling "of money. There are many ways to"Recycling" of money. Cash transactions, the illegal use of banks and other financial institutions, expensive, movable and immovable property, gambling, considered a classic. The best way to "lighten" the money is in the process of privatization and free zones. A free zone is the best way for the entry of smuggled goods by road.
It is well known axiom that in countries where economic liberalization,The opening of borders, the development of transit, access to foreign investment, a growing movement of natural persons are in progress in countries where a relatively large proportion of the population is abroad and the countries of evil, surrounded by the possibility of "whitening", "Black" Money is very high.
Georgia "met" almost all the above conditions and may be one of the areas of "recycling" of money. The fact that so-called off-shore, symbols"Recycling" of money into the activities of Georgia, which increases the risk.
In my opinion, the danger of "recycling" of money in the FIZ is superior in the whole territory of Georgia, the anticipation that the record companies, like banks FIZ prohibited. I think this process is under way in Georgia today, however, because foreign investors who do not belong to their sources in Georgia by the number of holders of capital transparent. In fact, there are capital flows civilGeorgia. The capital will be invested by listed companies in the marine areas (eg, Marshall Islands, and Virginia), and this obviously means that are questionable.
Industrial Free Zone, in my opinion, supports the growth of inflation. Foreign investment is FIZ. This figure will increase with the growth of the foreign body in the country that has devalued in Lari, and is bad for exports.
There is no political stability in Georgia, the rights ofThe owners are abolished and the staff is not qualified. Permanent changes in the legislature is still in progress. Therefore, there is a risk of injury to predict the business climate in the absence of foreign capital FIZ called doubt that the country runs as fast as the economy worsened slightly to cause economic disruptions and funding in place.
There is a risk in choosing an operator. FIZ not b together, if the operatornot recognized in the world and a successful investor in this company. To be together, it is also necessary for the Georgia FIZ part of the world's industrial infrastructure and integrated production chain.
The creation of an industrial zone has its positive side. There are great opportunities for business expansion and growth. E 'possible to develop the region and set to zero the tax will be a new impetus for the sale of the company.
A positiveWebsite of the industrial area is also the fact that disruptive technologies and know-how to enter the country.
Increasing the supply of foreign currencies, since the objective is the capital of nature will pay the site is low. Inflow of investment has the potential for social and economic development. Investments grow to create jobs, relatively - employment.
The creation of an industrial zone in Georgia, wheresay, is not determined by the impact of the budget, it is necessary that the investment opportunities and attractive environment for businesses and new jobs.
You can increase the potential of the processing area for export. The majority of production will be produced for export, are certainly Georgia, Lari, as firming of the country meant to offset the increase in export prices and the deterioration of taxation. For example, data on imports and exports by 32% in1995, 2000, increased by 46%, is now reduced to 23%. From 1995 to 2007 has increased the volume of exports has been viewed 8 times and 11 times - import. WIP listed in the same period increased from 3.9 billion to 17 billion Laris say 4.36 times, while the actual WIP increased by only 2.1. Offset exchange rate has caused the deterioration of taxes. Only 10% of output is produced by FIZ be licensed in Georgia, the others will be exportedother countries. This will lead to improvements offset the tax.
Industrial zone - in terms of territorial integrity. FIZ aimed at territorial expansion. Challenges relating to 5-10 years. FIZ membership Guria, Samegrelo working properly, Guria, Sukhumi, Ochamchira. The separatists will not be able to block all property of the FIZ. For example, invited breakaway Turkish Republic of Northern Cyprus to have a thriving economy of Cyprus.
For expertsThe spirit, economic integration is necessary. Need of joint investment with Abkhazia and the Alans. The creation of these areas are carried out in the central regions of conflict LOB play a positive role in regulating the issue of conflict. Although this is only a dream, now, as is known to be a good control and stability. And 'the realization of good governance is possible in areas of conflict, and investors have a sense of stability isreally possible, the success FIZ. In fact, today, is a utopia, but we can not exclude that in the future.
Creating an industrial free zone has already been decided and will be activated shortly. FIZ should stimulate economic development in Georgia, although the opening of the industrial zone is not surprising, did not create their profit expectations, is a continuous process, the first results in 5-10 years.
Century Modern is theGlobalization. A process of economic globalization in the world will not be prevented from Georgia, and will be gradually integrated into the world of business. The process of our minds, already begun. Creation of Export Processing Zone suggests.
Government of Georgia, the law on the global competitiveness of the financial sector, "the foundation of financial supplies. The main purpose of this law is the integration of Georgia in the global financial system.Items for the transformation of "revolutionary package of legislation which established the offshore area badly in Georgia. We believe that foreign banks and assets for every ten million. Under the legal framework adopted in the section, advantages of banks for 100 million dollars, are not taxable. On the other hand, affects the provision of the rule of the taxation of banking, financial transactions, capital and so on.
What is the object of finding a financial center in Georgia in the framework of the financial centersLondon, Milan and Hong Kong are at the highest level of development and need not a representative of Poti. We provide havens and I really appreciate the conditions that may prevent his election in Georgia. Although not sufficient, given that foreign investors a lot of attention in countries with stable economic and political backgrounds, the type of Georgia that is not appropriate. There is no institutional infrastructure, technical and economic mechanism of protectionThe property is very low in Georgia.
However, Georgia's integration into the global economic dominance is inevitable and that it is a matter of time, because under conditions of globalization, for a total of any national government can not exist without space total economic and financial analysis.
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