The discussion focused on long-term bilateral cooperation mechanisms.
Dubai, United Arab Emirates: His Excellency Dr. Mohammed Al Zarooni, President of the World Free Trade Zones Organization (World FZO), led a delegation of World Free Trade Zones (World FZOs) on official scale in the Dominican Republic and the Republic of Cuba to define trends and points that drive the long-term expansion of loose zones. In addition to identifying bilateral cooperation mechanisms for the sector and its economic and advertising development.
Conference of the Association of Free Trade Areas of the Americas (AZFA)
His Excellency Dr. Mohammed Al Zarooni delivered the keynote address at the Conference of the Association of Free Zones of the Americas (AZFA), held in Punta Cana, Dominican Republic. The convention was attended by Excmo. Sr. Louis Rodolfo Abinader Corona, President of the Dominican Republic, Gustavo González De Vega, President of AZFA, and leaders of loose zones in the Americas. sector in this region. While it also confirms that loose zones, whether locally and globally, play a fundamental role in economies around the world at multiple levels, adding the attraction of foreign direct investment in the national economy, strengthening global trade, creating chains of origin and other direct and oblique benefits. This has been especially noticeable in recent years, when the world has faced various demanding situations due to the C OVID-19 pandemic, as well as fluctuations and adjustments in the economy in general.
His Excellency Dr. Mohammed Al Zarooni, President of the World Free Zones Organization (World FZO), said: “At World FZO, we will continue our efforts to promote the contribution of free zones to each country’s economies by sharing wisdom and experience. with governmental and non-governmental officials, as well as with the personal sector. This is in addition to the open discussion and promotion of economic opportunities between loose zones around the world based on the concept of integration between loose zones and the corporations that operate in those loose zones to expand and expand beyond the borders of the countries in which they are located. In addition to proceeding to identify tactics to take advantage of the special systems and projects introduced through World FZO for those objectives.
Dubai to host annual FZO World International Conference and Exhibition
At the assembly in the Dominican Republic, chaired by His Excellency Dr. Mohammed Al Zarooni, the World FZO Board of Directors approved the organization of the 9th edition of the annual World FZO International Conference and Exhibition in Dubai. from May 2 to 3, 2023, under the slogan “Global Trade 2. 0: Free Trade Zones, a System of Trust that Supports Prosperity” and will have the participation of more than six hundred personalities.
FZO’s annual World Conference and Expo in Dubai will address several strategic issues, adding how to keep up and accept as true among the relevant parties, mechanisms to mitigate the effect of economic challenges and tactics to maintain the power of loose zones through methods that ensure their prosperity. This is in addition to identifying tactics to keep up with adjustments in corporate governance, knowledge and digitalization. The Board of Directors also announced that it would begin receiving programs to host the 10th edition of the annual event.
The Board approved the formation of six committees that incorporated representatives of global free zones and foreign organizations into its vision and strategy. This included the Executive Committee, Finance Committee, Knowledge Committee, Membership Committee, Policy Committee, and a Private Sector Relations Development Committee. .
Meeting with the Cuban Prime Minister
The delegation of the World Organization of Free Zones concluded its vacation with a stopover at the Mariel Special Development Zone in the Republic of Cuba, where Manuel Marrero Cruz, Prime Minister of the Republic of Cuba, received His Excellency Dr. Mohammed Al Zarooni to talk about the long term of the loose zones and their importance in helping the country’s economy. In addition to identifying the orientations and points that will drive its long-term expansion and the mechanisms for bilateral cooperation between the two sides to help the sector and its expansion. The Cuban Prime Minister praised World FZO’s role in assisting economic zones and enhancing their regional and global integration with relevant governments and organizations, while affirming Cuba’s full support for the Organization’s strategic objectives and empowering elements.
The stopover consisted of an excursion through the amenities and services of SEZ, as well as its strategic and progression plans. His Excellency Dr. Mohammed Al Zarooni praised Cuba’s free zone model. He pressed its importance in supporting the country’s economy to boost Cuba’s recovery. They have an effect on the pandemic and track global industry and investment activities.
The excursion also included a series of bilateral meetings with senior officials of the World Free Zones Organization, which were joined by His Excellency Mr. Rodrigo Malmierca Díaz, Minister of Foreign Trade and Investment of Cuba, and Ana Teresa Igarza Martínez, Director General of the Mariel Special Development Zone. , as well as several officials of the Republic of Cuba. This is in line with the organization’s strategic objectives of building bridges of communication and strengthening the external cooperation network to enable and expand global industry and supply chains and realize its prospective free-zone economic models.
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