Negotiating The Free Trade Zones In A Developing Economy: Policy Directions For Uganda
A free trade zone (FTZ) is geographical area that is designated to facilitate free economic transactions. Specially, within the FTZ, the movement and repackaging of goods for export are not subject to export and import duties.
The idea of the FTZ is to boast export through encouraging productivity and value addition. The Uganda’s Free Zones Act (FZA) of 2014 provides guidance on the creation and management of FTZ. The FZA of Uganda led to the instituting of the Uganda Free Zones Authority (UFZA), and the Free Zones (General) Regulations No.68 of 2016. The Uganda Free Zones Authority is a body corporate with the ability to sue and be sued in its own name under the supervision of the Ministry of Finance, Planning and Economic Development and started operations on 1st September 2014. The authority is responsible for the establishment, development, management, marketing, supervision and control of free zones and to provide for other related matters.