Special Economic Zones, di Maurizio D’Amico, FEMOZA

Tools for economic growth: Special Economic Zones

The insertion of articles 4 and 5 dedicated to Special Economic Zones (ZES) in Decree-Law no. 91/2017, converted, with amendments, into Law n.123 / 2017, containing: “Urgent measures for the economic growth of Southern Italy”, has allowed Italy to become the first founding member of the European Community and the first State of Western Europe to adopt rules expressly directed at the regulation of these exceptional instruments for accelerating economic development. With the forthcoming publication of the Decree of the Presidency of the Council of Ministers, implementing these rules, the concrete implementation of the SEZ in the eligible areas of the South will take place.

Worldwide, the constant increase in the number of Free Zones and ZEC is justified by unequivocally symptomatic data of the positive link between these instruments and economic development, which, with reference to foreign direct investment projects (FDI), translates into average values investments (and consequently average job values) generated within them objectively higher than comparison with those generated externally. At the same time, the progressive attention accorded by international organizations to the proliferation of SEZs (in cul is held, together with the macro-category of free zones, now more than 25% of world trade), has determined the definition of precise structural standards, to maintain unchanged the capita appeal to multinational companies.

This increase occurs in a period in which in the Member States of the European Union and in the world there is a decrease in the possibility of implementing uniform rules on tax incentives to catalyze the FDI and in which the governments are asking the United Nations the adoption of more effective measures for sustainable development. From the report of the Conference.