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Reuters
Reuters
Business
Gustavo Palencia

Honduran Congress unanimously nixes special economic zones

Xiomara Castro Honduras Christian Schmollinger Juan Orlando Hernandez Congressional
A demonstrator holds up a banner during a protest against the Zones for Employment and Economic Development (ZEDEs) and the government of Honduran President Juan Orlando Hernandez, in Tegucigalpa, Honduras September 15, 2021. REUTERS/Fredy Rodriguez

Honduras' Congress unanimously repealed a law overnight which allowed for the creation of special economic zones exempt from some national laws and taxes throughout the country, known as Zones for Employment and Economic Development (ZEDEs).

Legislators in the unicameral Congress said the law violated the Central American country's constitution and its sovereignty.

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