World Free Zones Organization (World FZO) today launched the ‘Free Zone of the Future Program’ on day two of its 2nd Annual International Conference and Exhibition currently underway in Dubai.
The Free Zone of the Future Program is an international initiative revolving around three main pillars that will enable free zones around the world to contribute to a secure and sustainable future. The pillars constituting the program are: excellence and best practices, innovation and entrepreneurship, and sustainability. Each pillar contains components to help determine the tools and resources required for facilitating the program to achieve its long term objectives.
The conference drew government officials, policy makers, global economic experts and academics into a series of panels followed by a strategic workshop. The first panel of the day discussed Governance in Global Value Chains (GVCs) and focused on the evolution of Global Value Chains in an increasingly interdependent world.
This was followed by a panel that examined global free zone challenges, and the implications of various policies and incentives that impact investment and operations in free zones around the world.
The final panel of the day focused on GVCs from a multinational corporation perspective, and discussed the significant role played by MNCs in the rise of such global production networks as they seek locational advantages to match their specific needs.
Following the panels, participants attended a workshop that provided an overview of the “Smart” World Free Zone Readiness Roadmap. The workshop aimed to help current and new world free zones assess their readiness to innovate and leverage state of the art technology for creating a model of stakeholder engagement and establishing best in class standards for free zones.
The three day conference and exhibition will conclude on May 11, following the World FZO General Assembly.
The World Free Zones Organization (World FZO) represents the interests of the global free zones community. As a not-for-profit entity, World FZO is committed to supporting the management and continuous development of free zones and offers a range of support services. These include training and development programs as well as research and analysis on free zones and wider trade and investment trends.
World FZO aims to bring together free zones; regional, national, subnational and local free zone associations; consultants and advisors to free zones; free zone users; interested governmental organizations; and international trade related organizations, for knowledge exchange, education and training, networking and business development. It provides forum free zones around the world to learn, grow and prosper through unrivalled access to exclusive in-depth research and insights.