Djibouti international free trade zone

Djibouti international free trade zone diftz is a model of chinaafrican cooperation in this new era, also its an important carrier to. The area enables users to operate without paying several types of tax. Djibouti, a tiny state located on the horn of africa, has just opened its chinesebuilt international free trade zone. Serving as an international logistics hub to the common market for eastern and southern africa comesa, the middle east, asia, europe and north america, the dfz is instrumental in facilitating global trade and supporting the growing economic emergence of not only djibouti but also east africa. It also invests through its subsidiary ghih great horn investment holding in major infrastructure project in the country. The djibouti international free trade zone diftz will transform trade in the region and provide a strategic base for global businesses to access the rapidly growing african market. Learn about working at djibouti international free trade zone. The construction of the djibouti free zone dfz in 2004 marked a significant milestone.

At the construction site of the free trade zone, a tall modern. Djibouti needed help, china had money, and now the u. Djibouti launches africas biggest free trade zone france 24. Its the biggest free trade zone in africa and is turning djibouti s port into a trading and logistics hub, and a vital link in chinas belt and road initiative bri, as well as djiboutis vison 2035, a government scheme aiming. China has helped launch the first phase ofafricas biggest free trade zone as whats part of another major step to secure its position as a global trade leader.

The djibouti international free trade zone celebrates its first anniversary today. Chinesebuilt industrial parks, free trade zones provide. Djibouti inaugurates africas largest free trade zone. The chinesebuilt international free trade zone was inaugurated in july in djibouti, a country with a population of nearly 1 million. Djiboutis new freetrade zone creates opportunities. See who you know at djibouti international free trade zone, leverage your professional network, and get. National flags of china and djibouti are seen in front of djibouti international free trade zone diftz before the inauguration ceremony in djibouti, july 5, 2018. Thanks to china, africas largest free trade zone has. Djibouti ports and free zones authority is the regulator of djibouti ports, freezones and related transport professions. Djibouti has launched the djibouti international free trade zones diftz, africas biggest trade zone that will comprise a total investment of. A djiboutian woman takes part in reheasals ahed of the ribbon cutting for the djibouti international free trade zone, a chinesebacked venture in the horn of africa country. It enables djibouti to connect global business with booming african markets and drive forward regional. Djibouti, a tiny state located on the horn of africa, has just opened its chinese built international free trade zone.

The international monetary fund has sounded the alarm over an increase of djibouti s public debt from 50 percent of gdp in 2014 to 85 percent in 2017. Djiboutis international free trade zone is really just for one country. China helps in developing djibouti international free trade zone. China and djibouti have launched africas biggest free trade zone. Djibouti ports and free zones authority dpfza linkedin. Djiboutis new freetrade zone creates opportunities, deepens. Djibouti international free trade zone, which will span over a total 48 square kilometers after expansion, is one of the largest free trade zones in africa and will benefit the whole continent as. Djibouti, with a population of 876,000, already hosts chinese, us and french naval bases and it also handles roughly 95 per cent of the goods imported by ethiopia, its landlocked neighbour with 99 million people. So on the face of it, the phase 1 opening last month of the chinese funded, multibillion dollar djibouti international free trade zone diftz appears to position the tiny nation as a growing trading hub for the entire east african region. Djiboutis international free trade zone is really just. Djibouti, a tiny state in east africa, opened a chinesebuilt international free trade zone on thursday. Djibouti president ismail omar guelleh launched the first phase of chinabuilt djibouti international free trade zone diftz on thursday. Djibouti launches chinabuilt free trade zone chinadaily.

Djibouti breaks ground on massive chinesebacked free. The 240hectare trade zone will comprise of several major. The project is financially supported by china merchant, the operation partner of newly inaugurated djibouti international freetrade zone. The president of djibouti on monday formally launched the construction of a project touted as africas largest free trade zone, to be built in the. Djiboutis international free trade zone is really just for one. President kagame inaugurates djibouti international free. The djibouti international free trade zone diftz will transform trade in the region and provide a strategic base. Onestop solution to logistics warehousing and payment. Chinese and djiboutian flags at the djibouti international free trade zone. Djibouti has a population of less than a million and covers a total area of just 23,200 square km, yet it is in the middle of the biggest infrastructure development project in history, all because of the djibouti international free trade zone diftz.