'Charter City' Project Revived in Honduras
Under the name of Special Development Regions (Regiones Especiales de Desarrollo or RED in Spanish) the National Congress of Honduras is debating a new version of the law that creates these special cities.
Tuesday, January 15, 2013
The bill, which sets out reforms to articles 294, 303 and 329 of the Constitution, was introduced by government minister Rodolfo Irias Navas.
Honduran constitutional amendments passed by Congress have revived the "zones subject to special law regimes".
The agreement between both nations to develop a Special Economic Zone will be completed in less than a year.
The Republic of China is to conduct a feasibility study for the construction of a Special Economic Zone (SEZ) in the country.
In January, the island will open a Special Development Zone, where both foreign and Cuban companies will enjoy tax and service benefits.
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