invalid location provided
|Minister of Finance visits Free Zone Aruba NV|
|Saturday, 14 April 2012 18:36|
On Thursday, Minister Mike de Meza of Finance, Communication, Utilities and Energy visited the state owned company Free Zone Aruba NV. At the beginning of 2012, Minister De Meza introduced new rules regarding the free zone: Companies active in the service industry can acquire an address outside of the free zone to showcase its products, while the actual movement of the merchandise remains within the free zone under normal customs supervision.
The minister was interested in the developments in regards to this new agreement and brainstormed with Free Zone Aruba NV director Greg Peterson on more strategies regarding innovation of Aruba's free zone product and the supporting role this could have in the government's intentions of developing Aruba as part of the Dutch Kingdom in a so-called Green Gateway. Aruba aims to become a "Green Gateway", a strategic connection between Europe and Latin America. Aruba's free zone has shown a positive growth in the past ten years. In 2011, the company recorded a growth of 13%.