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The Free Trade and Processing Zone Act, no. 12 of 1994.

Country/Territory
Antigua and Barbuda
Document type
Legislation
Date
1994
Source
FAO, FAOLEX
Original source
Antigua and Barbuda Gazette
Long title
Act no. 12 of 1994 to provide for the establishment of a free trade and processing zone in Antigua and Barbuda and to make provision for the administration and management thereof.
Subject
Environment gen., Land & soil, Water, General
Keyword
Internal trade International trade Processing/handling Tax/levy Business/industry/corporations Contract/agreement Energy conservation/energy production Authorization/permit Protection of environment Waste disposal Waste non-domestic sources Land-use planning Ownership Sewerage Water supply
Geographical area
Americas, Caribbean, Latin America and the Caribbean, North Atlantic, Small Island Developing States
Entry into force notes
November 24, 1994.
Abstract

This Act provides for the establishment of a free trade and processing zone in Antigua and Barbuda and makes provisions for its administration and management. The Act establishes and defines the composition of the Free Trade and Processing Zone Commission, as a body corporate with perpetual succession and a common seal, having capacity to acquire, hold, mortgage and dispose of property and land, to enter into contracts, to sue and be sued in its corporate name and to do all things necessary for the purposes of this Act. According to the Act, the Minister may declare any area acquired by the Commission as a free trade and processing zone. The Act empowers the Commission to develop and maintain any acquired land declared to be a free trade and processing zone, to provide for realisation of the following infrastructures necessary to improve free trade: roads and highways, electric generating plants, water lines and facilities of sewerage, installation and maintenance of a port. Other matters covered by this Act include: procedure for application and granting of a licence in a free trade zone; the minimum amount of investment to be made in the free trade and processing zone; unlawful or prohibited activities and related fines; incentives to licensed activities, including tax exemption; conditions for employment in a free trade area; protection of health and safety of employees; supply of water, electricity, sewerage, telecommunication or other services; guidelines for the protection and preservation of the environment; disposal of industrial and commercial waste in a free trade and processing zone; movement of goods in and out of a free trade and processing zone; Ministerial power to issue regulations.

Full text
English
Website
laws.gov.ag

References - Legislation

Amended by

The Free Trade and Processing Zone (Amendment) Act, no. 28 of 2019.

Legislation | Antigua and Barbuda | 2019

Keyword: Authorization/permit, Business/industry/corporations, Subsidy/incentive

Source: FAO, FAOLEX