Govt. gazettes Colombo Port City Economic Commission Bill | Daily FT

76-page Bill provides legal framework for setting up of Special Economic Zone (SEZ) within Port CityProvides for setting up of Economic Commission which will oversee all activities within the SEZ, including granting registrations, licences, authorisationsSEZ to be an international business and services hubServices include international trade, shipping logistic operations, offshore banking and financial services, IT and business process outsourcing, corporate, and headquarters operations Bill slated to be presented to Parliament next monthA Bill to provide for the establishment of the Colombo P…

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HEDGE accordingly