Special Economic Zone

A Special Economic Zone (SEZ) is a geographical region that has economic and other laws that are more free-market-oriented than a country's typical or national laws. "Nationwide" laws may be suspended inside a special economic zone.

The category SEZ covers, including free trade zones (FTZ), export processing Zones (EPZ), free Zones (FZ), industrial parks or industrial estates (IE), free ports, free economic zones, urban enterprise zones and others.

Usually the goal of a structure is to increase foreign direct investment by foreign investors, typically an international business or a multinational corporation (MNC), development of infrastructure and to increase the employment.

Read more about Special Economic Zone:  Bangladesh, Cayman Islands, China, Democratic Republic of The Congo, Greece, Egypt, Ethiopia, India, Iran, Kazakhstan, Malaysia, Mauritius, Myanmar, Nigeria, North Korea, Pakistan, Philippines, Poland, Republic of Korea (South Korea), Russia, Ukraine, Uzbekistan, Zambia

Famous quotes containing the words special, economic and/or zone:

    Friendship is learned by watching and listening to you. If she sees that your friends are people you like and trust and don’t pretend with—people who suit you—she probably won’t pick friends who just pass by, or people who can help her or improve her status. If you treat friends in a special way, if you are kinder, more generous, more sympathetic, more forgiving with friends, she probably will be, too.
    Stella Chess (20th century)

    The Federated Republic of Europe—the United States of Europe—that is what must be. National autonomy no longer suffices. Economic evolution demands the abolition of national frontiers. If Europe is to remain split into national groups, then Imperialism will recommence its work. Only a Federated Republic of Europe can give peace to the world.
    Leon Trotsky (1879–1940)

    He who, from zone to zone,
    Guides through the boundless sky thy certain flight,
    In the long way that I must tread alone,
    Will lead my steps aright.
    William Cullen Bryant (1794–1878)