Special Economic Zone
Kwinana is an ideal location in the Indian Ocean for a Special Economic Zone (SEZ), also called a Free Trade Port.
A SEZ allows goods to be imported, stored, exhibited, assembled or manufactured without duplicating Customs entry procedures and duties. These will incentivise local manufacturing and processing, diversifying our economy. Currently WA mainly provides resources for other countries to process.
Internationally Free Trade Ports are powerhouses of economic development. Properly developed they can be spectacularly successful and huge wealth and job generators.
Successful examples include New Orleans (US), Shenzhen (CN), DMCC Dubai (AE), Tanger Med Zones (MA), Mauritius Freeport (MU), Shannon Free Zone (IR), Katowice (PL)
Benefits include increased:
- Economic activity
- International competitiveness
- Manufacturing and jobs
- Diversity & synergies
- Quality infrastructure access
- Integrated transport
There will also be reduced:
- Bureaucratic interference
- Approval times
- Urban encroachment