Special economic zone - Wikipedia, the free encyclopedia

Special economic zone - Wikipedia, the free encyclopedia -...

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10/13/2014 Special economic zone - Wikipedia, the free encyclopedia 1/19 Special economic zone From Wikipedia, the free encyclopedia The term special economic zone ( SEZ ) is commonly used as a generic term to refer to any modern economic zone. In these zones business and trades laws differ from the rest of the country. Broadly, SEZs are located within a country's national borders. The aims of the zones include: increased trade, increased investment, job creation and effective administration. To encourage businesses to set up in the zone liberal policies are introduced. There policies typically regard investing, taxation, trading, quotas, customs and labour regulations. Additionally, companies may be offered tax holidays. The creation of special economic zones by the host country may be motivated by the desire to attract foreign direct investment (FDI). [1][2] The benefits a company gains by being in a Special Economic Zone may mean it can produce and trade goods at a globally competitive price. [1][3] The operating definition of an economic zone is determined individually by each country. In some countries the zones have been criticized for being little more than Chinese labor camps, where labor rights are denied for workers. [4][5] Contents 1 History 2 Types 3 Special economic zones by country 3.1 International 3.2 Bangladesh 3.3 Belarus 3.4 Cayman Islands 3.5 China 3.6 Democratic Republic of the Congo 3.7 Greece 3.8 Egypt 3.9 Ethiopia 3.10 India 3.11 Indonesia 3.12 Iran 3.13 Jamaica 3.14 Malaysia 3.15 Mauritius 3.16 Myanmar 3.17 Nigeria 3.18 North Korea 3.19 Pakistan
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10/13/2014 Special economic zone - Wikipedia, the free encyclopedia 2/19 3.20 Panama 3.21 Philippines 3.22 Poland 3.23 Republic of Korea (South Korea) 3.24 Russia 3.24.1 Technical/Innovational Zones 3.24.2 Industrial/developmental Zones 3.24.3 Tourist Zones 3.25 Ukraine 3.26 Uzbekistan 3.27 Zambia 4 See also 5 References 6 Further reading 7 External links History Free zones and Entrepôts have been used for centuries to guarantee free storage and exchange along trade routes. Moderns SEZs appeared from late 1950s in industrial countries. From the 1970s onward, zones providing labor-intensive manufacturing have been established, starting in Latin America and East Asia. These zones attracted investment from multinational corporations. [1] A recent trend has been for African countries to set up SEZs in partnership with China. [2] Types The term Special Economic Zone can include free trade zones (FTZ), export processing zones (EPZ), free Zones/ free economic zones (FZ/ FEZ), industrial parks/ industrial estates (IE), free ports, bonded logistics parks (BLP), urban enterprise zones. [1]
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10/13/2014 Special economic zone - Wikipedia, the free encyclopedia 3/19 Type Objective Size Typical Location Typical Activities Markets FTZ Support trade <50 hectares Port of entry Entrepôts and trade related Domestic, re- export EPZ (traditional) Export manufacturing <100 hectares None Manufacturing, processing Mostly export EPZ (single Unit/free
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