New free trade zone established

Djibouti created a Free Trade Zone (Decree No. 2015-062/PRE) which covers about 43.5 sq. km and is placed under the responsibility of the Ports & Free Zones Authority. The free trade zone, which will have export industries, an industrial zone, a motor vehicle distribution center and a petroleum center, seeks to reinforce the competitiveness of the country, and attract investments and stimulate economic activities both in the secondary and tertiary sectors.

• Type:

  • Promotion and facilitation (Special economic zones)

• Industry:

  • Not industry specific

• Sources:

  • Official Gazette , Free Trade Zone Decree No. 2015-062/PRE , 07 Mar 2015
  • ENS Africa, DJIBOUTI: New free trade zone created, https://www.ensafrica.com/news/tax-ENSight-20-May-2015?Id=1825&sTitle=tax%20ENSight%20%20-%2020%20May%202015, 20 May 2015
  • Xinhua, Djibouti approves creation of new Free Trade Zone, http://www.xinhuaafrica.com/index.php?m=content&c=index&a=show&catid=34&id=16555, 18 Feb 2015