Gwadar Free Zones are set to become “Export Industrial Parks” according to the new chairman of China Overseas Port Holding Company (COPHC), Yu Bo.
In an interview with Gwadar Pro, Yu explained how the policy framework and guiding principles of Gwadar Port and Free Zones have been formulated with its geo-economic significance for trans-shipment in mind. Investors, especially those planning to do manufacturing businesses, will be in a good position to take advantage of the incentives provided, as Gwadar Free Zones are exempted from all sorts of provincial taxes, federal taxes and custom duties.
The COPHC chairman noted that the cost of production in the zones is much less than that of the tariff area, with products becoming cheaper and more competitive in the international market.
