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And interest rates may be liberalised for certain accounts at designated firms inside the SFTZ.What does this add up to? Louis Kuijs of RBS, a British bank, believes the pronouncement belies the hope that the borders of the SFTZ would be porous enough to expose the rest of the country to financial reform through leakage.
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Capital controlsAdmittedly, in its routine surveillance missions, prior to the Asian crisis, the IMF may have sometimes tilted too far towards benign neglect as countries prematurely liberalised markets for short-term capital movements, before the internal regulatory structure was in place to handle them.
Switzerland does not currently participate in the free movement of workers in Europe, although this will likely be gradually liberalised by 2007 for EU-15 citizens and by 2011 for the new member states (cf. DFA 2005; European Communities 2002).
One result may be liberalised visa regimes for some.
Financial markets are liberalised before markets for goods and services, which in turn tend to be freed before labour markets.
Shortly after privatising Satmex, the government liberalised the process for awarding satellite licences, ending Satmex's effective monopoly on providing satellite services to Mexico.In this section Calling an end to poverty Hooked on discounts An icon under fire Round and round Fiddly no longer In hot water Foreigners welcome In name only?
In return, these countries are expected gradually to liberalise access for EU imports.
Last month they voted down a proposal to liberalise commissions for larger trades.
The rest of the EU has followed suit on sanctions against top officials, but could do more to liberalise travel for citizens.
But they are also the consequence of a deadly complacency that has led the country to miss a great opportunity.During the 2003-08 boom, when reforms would have been relatively easy to introduce, the government failed to liberalise markets for labour, energy and land.
New Zealand, for example, liberalised foreign-ownership rules in 1989.
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