It has been developed with an objective to enable a single window access to information and services being provided by the various indian government entities. Over the decades, the universe of special economic zones sezs has become. Colon free zone, panamapacific and city of knowledge. Its history has been one of insufficient support, both from leadership in. What links here related changes upload file special pages permanent. Trat special economic development zone comprises 3 subdistricts in khlong yai district of trat province, including khlong yai, hat lek, and mai rut. The project is in the early stages of development, but has already received significant. The thilawa special economic zone project is located in myanmars southern yangon region and shares its border with dawei.
In order words, sez is a geographical region that has economic laws different from a countrys typical economic laws. China also uses foreign aid and export credits, yet these are not the only economic. Special economic zones and regional integration in africa pdf. Rule of thumb 1 7 in order for economic zones to succeed in achieving their intended policy objectives, they should not be used as a substitute for a countrys larger trade and investment reform efforts economic zones should be used as pilot and demonstrative. In a special economic zone sez, a government creates exceptions to its own rules a select haven from the status quo that prevails elsewhere in the national territory. Thilawa sez complaints management procedure tcmp thilawa. Part ii zimbabwe special economic zol special economic zones authority there is hereby established a body, to be known as the zimbabwe special. Indias economic potential and sezs with a population of 1.
Special economic zone sez is a specifically delineated dutyfree enclave and shall be deemed to be foreign territory for the purposes of trade operations and duties and tariffs. You are not to copy documents for public or commercial purposes, to exhibit the. Permitted enterprises of thilawa special economic zone by industry, investing as of 31 dec, 2017 no. These zones are geographical regions that have economic laws different from a. This benefit is even more important among managers. As part of its economic reforms and policy of opening to the world, between 1980 and 1984 china established special economic zones sezs in shantou, shenzhen, and zhuhai in guangdong province and xiamen in fujian province and designated the entire island province of. Pecial economic zones in outh sia harvard university. The political economy of special economic zones lotta moberg geroge mason university, fairfax, va, usa email. The sez act envisages public private partnerships in the development and operation of special economic zones. Epz or in the other names open economic zone or economic development zone is similarly to ftz in terms special economic zone.
A special economic zone sez is an area in which the business and trade laws are different from the rest of the country. Reports definition of special economic zone 11 structure of the report chapter 2. Conducting business in a sez usually means that a company. Special economic zones sezs a study of tata motors and reliance industries limited july 2009 conference. Part ii zimbabwe special economic zol emerging challenges, and future directions. Colon free zone cfz was created in 1948 as an importreexport zone and today is the second largest sez in the world. Sezs are located within a countrys national borders, and their aims include increased trade balance, employment, increased investment, job creation and effective administration. As part of its economic reforms and policy of opening to the world, between 1980 and 1984 china established special economic zones sezs in shantou, shenzhen, and zhuhai in guangdong province and xiamen in fujian province and designated the entire island province of hainan a special economic zone.
Welcome to special economic zone sez india was one of the first in asia to recognize the effectiveness of the export processing zone epz model in promoting exports, with asias first epz set up in kandla in 1965. Policy and controversy 3 the land acquisition act the misuse of public purpose 5 loss of revenue 8 inadequate compensation and rehabilitation 9 environmental concerns 10 nationwide resistance to sezs 11 3 polepally sez. With a view to overcome the shortcomings experienced on account of the multiplicity of controls and clearances. Special economic zones sez a special economic zone sez refers to designated areas in countries that possess special economic regulations that are different from other areas in the same country. How do special economic zones and industrial clusters.
Special economic zones sez simplynotes simplynotes. Many nations have relied heavily on their sezs, and are considered to be a vital ingredient in a developing countrys economic strategy. Zone authority owns, operates, regulates the zone zone funded by government. If a zonebased firm is prohibited from selling to the domestic market, but suddenly the regional trade agreement makes its neighboring countries domestic from a customs perspec. Firms in thilawa special economic zone sez have created around 5,000 jobs inside the zone as of 1 february 2018. The special economic zones and industrial clusters have made crucial contributions to. Special economic zones in panama harvard university. Edited by thomas farole gokhan akinci international trade department investment climate department. Moreover, these regulations tend to contain measures that are conducive to foreign direct investment.
Meeting with local community meeting record please see the. Trends in zone development while special economic zones are often treated as an innovative topic in development economics, citywide free zones with goals and methods not too different from those employed in modern zones were in place in gibraltar and singapore as early as 1704 and 1819, respectively. Operating economic zone map 74 manufacturing economic zone 262 information technology parkscenters 22 agroindustrial economic zone 19 tourism economic zones 2 medical tourism parkscenters as of november 30, 2017. One example of this is the growth of regional trade agreements and of regional integration more broadly. Special economic zones world bank documents world bank group.
General oecd recommendations for economic zone development. Zone reliance jamnagar developers name infrastructure ltd. Thilawa special economic zone sez 2014 phnom penh special economic zone amata nakorn industrial estate amata city industrial estate suryacipta city of industry mahindra industrial park chennai 2017 thang long industrial park ii 2006 thang long industrial park 1997 thang long industrial park iii 2017 east jakarta industrial park 1990. Official website ministry of planning and investment investment promotion department invest in the future, invest in laos english. The special economic zones vi1 legal frame for the special economic zone sez scheme the examination of introducing the concept of economically promoted zonearea into cambodia was originally started back in 1960s, and the sez scheme has been nally introduced to cambodia for the rst time in december 2005. Introduction a special economic zone sez is an economic region in a country which is created for the purpose of promoting manufacturing exports and economic development through a wide variety of special exemptions, relating to taxes, quotas, cu. Global tax advisory services special economic zones sez the next frontier for india presentation by. Free economic zone colon free zone, panama domestic, reexport entrepot and traderelated. The establishment of special economic zones sezs is a. To introduce thilawa special economic zone sez to inform recent and future job opportunities in sez to inform csr activities by thilawa sez to hear the necessity of local people main discussion points. Aqaba special economic zone authority socioeconomic enablers enabling government processes regulatory responsibility asezasez. How special economic zones are quietly advancing freedom.
Sezs traditionally have had both a policy and an infrastructure rationale. The aim of this paper is to evaluate the economic performance of the most important sezs in panama. Sezs were first developed in 1980 as part of deng xiaopings drive to open up china to the rest of the world and cement chinas place on the global stage as a major economic. To do so, the first section of this chapter documents the current universe of sezs, details archetypes of zones and maps zones around the world, as well as. Designing economic zones for effective investment promotion. The goal, says the world bank, is to create a business environment that is intended to be more liberal from a policy perspective and more. Sustainable and special economic zone selection under fuzzy. Mjtd mjtd explained the purpose of the monthly meeting with local community that it is to. The exclusive economic zone shall not extend beyond 200 nautical miles from the baselines from which the breadth of the territorial sea is measured. The case of szes in chinashenzhen chinas special economic zones chinas special economic zones 1. Usually the goal is to increase foreign investments. Prospects for rason special economic zone by andray abrahamian abstract rason, north koreas special economic zone located in the far northeast of the country, is undergoing change at a pace unseen in its twentyyear existence. With a focus on china and africa the special economic zones sezs can be an effective instrument to promote industrialization if implemented properly in the right context, as shown in some of the emerging countries, particularly those in east asia. Special economic zone sezs scheme in india was conceived by the commerce and industries minister murasoli maran during a visit to special economic zones in china in 1999.
Special economic zones sezs scheme in india was conceived by the commerce and. General information on myanmar special economic zones. A special economic zone sez refers to designated areas in countries with special economic regulations that differ from other areas in the same country. The zone, which is 2,400 hectares ha in total, is being developed in phases under myanmar japan thilawa development ltd. This paper examines the zone phenomenon by looking at what is known about the conditions that tend to lead to success and failure of these endeavors.
Rattanawong s proceedings of the international multiconference of engineers and computer scientists 2014 vol ii. Analysis suggests that the most important benefit for workers in the zone is the knowledge and skills they acquire on the job. Introduction a special economic zonesez is an economic region in a country which is created for the purpose of promoting manufacturing exports and economic development through a wide variety of special exemptions, relating to taxes, quotas, cu. Songkhla special economic development zone comprises 4 subdistricts in sadao district of songkhla province including sadao, samnak kham, samnak taeo and padang besar. Special economic zone sez is a specifically delineated duty free enclave, which shall be deemed to be a foreign territory for the purposes of trade operations and duties and tariffs. Economic statecraft in chinas new overseas special. Yogendra garg director sez, department of commerce government of india, new delhi 1 2. A special economic zone sez is an area in which the business and trade laws are different. The term special economic zones sezs covers a broad range of zones, such as freetrade zones, exportprocessing zones, industrial parks, economic and technologydevelopment zones. Global experiences with special economic zones with a. The geographic designation of special economic zones.
A special economic zone sez is a specified, delineated and dutyfree geographical region that has different economic laws from those of the country in which it is situated. Progress, emerging challenges, and future directions. This article deals with issues pertaining to the special economic zones in india. These are like a separate island within the territory of india. Thilawa special economic zone sez, myanmar overview the thilawa sez, located 23 km southeast of yangon, is the first largescale sez in myanmar. Introduction to the case study 12 methodology of the survey. The geographic designation of special economic zones wendy nyakabawo november 2014 abstract. This paper is a first attempt to apply a robust political economy framework to. Special economic zones sezs emerged internationally as a policy to support industrial development in particular by providing for the introduction of targeted incentives and infrastructure.
Special economic zone as per central sales tax, 1956 a special economic zone sez is a geographically bound zone where the economic laws relating to export and import are more liberal as compared to other parts of the country. Parameters reliance sez mundra port sez essar hazira. In some countries, such a region is even treated as a deemed foreign. National seminar institute of commerce and management, jiwaji university. How do special economic zones and industrial clusters drive. Special economic zone rules, 2006 national portal of india.
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