dubai


Freedom In The Gulf

Posted on May 28th, by Global Tax Weekly in Trade. No Comments

There is a welcome announcement that an international pro-FTZ organization will set itself up in low-tax Dubai. As any regular reader of this column will know, Free Trade Zones (or their equivalents) are a Good Thing, while governments that exclude or limit them are a Bad Thing. It’s not immediately clear whether the new organization has support from the great and good of the world economic order, or whether it has any kind of reasonable financial footing; but it is welcome nonetheless, and Dubai, which is already home to a large collection of free trade zones, gets a large bouquet for supporting it. At the risk of becoming boring (just move on) let me rehearse some of the reasons why most governments dislike and discourage free trade zones, if they don’t ban them outright like the dinosaur European Union. We … Read More »


Trading Places

Posted on May 11th, by Global Tax Weekly in Trade. No Comments

It has been a good week, on the whole, for trade, with ABAC urging APEC to progress FTAAP through amalgamation of ASEAN, the TPP and RCEP via the Bogor goals. Sorry, I couldn’t resist that. The bottom line is that most Asia-Pacific nations are very well disposed towards free trade deals. And the GCC (Gulf Cooperation Council) which has been demonstrating the opposite of cooperation by walking through trade treacle on its way to a regional tariff-free zone for the last ten years, is finally showing some signs of movement towards its goal. The GCC consists of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates, so we can award stars to Dubai at least (confused? don’t be, it’s part of the UAE and a lot more market-friendly than most of the rest of it), although the remainder … Read More »





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