Special economic zone

Yes, free trade

and special economic zones are the two most important factors.

Is this a matter of damage to the market? Yes, it is a trade facility for the market.

It is a major target for the government.

With disruptions to international shipping also affecting freight costs and routes, businesses are being pushed to build greater flexibility into their logistics networks.

Kejriwal also believes SEZs and FTZs remain underused opportunities for Indian businesses.

Maharashtra moving towards becoming first tokenized state.

Fadnavis on asset tokenization.

He introduces the four modernizations.

He designates Shenzhen as China's first special economic zone, inviting in foreign investment and experimenting with market capitalism.

It was a monumental historic shift.

It required vast complex system to thinking.

It is not, as people love to say, a sleepy little fishing village that in 40 years became a world city.

There's a lot of things that happened in this place long before the SEZs.

So we're based here and it's a pretty spread out city.

And so we're kind of tucked in a corner of it right on the coastline.

Who, who knows how far it could go if, if you really, um, can take control of your evolution.

So one thing that's long been, um, discussed in crypto circles and libertarian circles and other things are basically different forms of special economic zones.

And obviously, those have been implemented at scale in some cases, like Shenzhen in China, I think in part exists as a large-scale manufacturing region in China because it became a special economic zone of one form.

Uh, there's others that have been discussed in the Philippines relative to certain US interests.

How do you think about that, or how has your thinking evolved over time, especially since crypto's played a prominent role in some of the underpinnings and philosophies behind some of these things?

Yeah.

So I'm super interested in special economic zones because, again, I, I'm interested in meta problems that, uh, you know, unlock progress across a whole category of things.

And I think if you look at what slows down progress, uh, in many parts of the world, it is overregulation, right? Like Europe certainly is...

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Sometimes we tend to default to the short-term expediency, I guess.

Yeah, it's easier to take the quick route, obviously, okay? But if you're thinking long term, I mean, we've set up, we've got all these great SEZs at the moment, the special economic zones.

The concept of the SEZ is brilliant.

But in theory, you know, when companies actually invest in these SEZs, it's very hard for them to actually get those incentives that are on offer.

There seems to be a massive disconnect between government and SARS when it comes to, um, special economic zones where there are great incentives for, um, for manufacturing.

Um, but as I say, you know, that there's all these wonderful things that are actually out there, but, you know, in theory they, they're there, but practically it's almost impossible to actually to put them in place.

We liked infrastructure and we created this city where different individuals from across the continent can come and shoot, come and register their IP, come and broadcast there and come and monetize their creations.

The idea also is that we set it up in an SEZ, which is a special economic zone.

So there are great tax incentives that you benefit from there.

So it's remarkably cheaper to shoot there.

The DTIC, which is the South African Department of Trade and Industry and Competition, has restarted the rebates.

So the rebates, you'll be happy to hear that South Africa is... giving the rebates back on.

So that coupled by the SEZ incentives mean that not only do you have the infrastructure, the right infrastructure, but also commercially it makes sense.

And also there's a currency... advantage with the Rand versus the Euro or the dollar.

Where we are e- economically is quite different from where Malaysia is.

Rather than thinking of it as the pie is this much, maybe you can expand the pie as a result of, uh, the SEZ act-

Mm

... and all these other economic development.

And recently also, there have been more and more business missions, uh, into JB to, to understand what the, the economic zone entails and what, how it's gonna help people.

So what's your opinion? Is this just, uh, another story to run to say that there are ties, or will there be actual impact on how businesses are run between Singapore and JB?

So the SEZ, I think, is, is an initiative that, uh, bene- will benefit, and I, I kinda think that it's a need on both sides.

Mm.