'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.

"Congressman Irías said his intention is to create the same regions that had already been approved but which the Constitutional Chamber of the Supreme Court of Justice ruled illegal.

In that regard, he said that this reform contains the recommendations and amendments allowing the decree be constitutional", published Laprensa.hn.

More on this topic

Green Light in Honduras for "Charter Cities"

January 2013

Honduran constitutional amendments passed by Congress have revived the "zones subject to special law regimes".

By a large majority (110 votes to 128), the Honduran Congress approved the modification of three articles of the country’s constitution, giving powers to Congress to create areas subject to special arrangements, referred to as "Model Cities" that were declared unconstitutional last October for being considered "states within a state."

Revival of Chinese Economic Zone Project in Costa Rica

September 2013

The agreement between both nations to develop a Special Economic Zone will be completed in less than a year.

The project which the two countries plan to implement in the Central American nation will materialize in less than a year, benefiting sectors such as high-tech and manufacturing.

Costa Rica: Feasibility Study for SEZ

August 2012

The Republic of China is to conduct a feasibility study for the construction of a Special Economic Zone (SEZ) in the country.

A press release from the Ministry of Foreign Affairs of Costa Rica reads:

COMEX and the China Development Bank have signed agreement to initiate a feasibility study.

Investment Opportunities in Cuba

October 2013

In January, the island will open a Special Development Zone, where both foreign and Cuban companies will enjoy tax and service benefits.

With an investment of $900 million, the new area will be open next January and will be located near the Gulf of Mexico and linked geographically to the Panama Canal.

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