Special economic zone sez is an administratively separated part of polish territory where investors may run their business activity based on specific preferential conditions. Enterprise licence corporate entity carrying out business in a special economic zone. Sezs are exempt from federal laws regarding taxes, quotas, fdibans, labour laws and other restrictive laws in order to make the goods manufactured in the sez at a globally competitive price. The paper also analyzes the role of the burmese migrant workers as the key actor the neoliberal subjects that help make the chinese civilizing mission possible. Research paper on special economic zones click here economic zones research paper on special economic zones is the gamily acerbic bugaboo. Special economic zones sezs geographically delimited areas within which governments facilitate industrial activity through fiscal and regulatory incentives and infrastructure support are widely used across most developing and many developed economies. Special economic zones sezs in lao peoples democratic.
The act commenced in february 2016 and several sezs have been designated since. A robust political economy is one that channels the actions of selfinterested individuals with limited information to promote economic. History of special economic zones in the greater mekong subregion 4 a. Cchr fact sheet september 2018 3 the csezb is composed of representatives from governmental institutions,18 and has four departments. Special economic zones an indian perspective a introduction the sez policy was first introduced in april 2000, as a part of the exportimport exim policy of india. A specific case on the need for serious, sector focused, efforts to engender a rapid development of modern agro processing capacity in nigeria, including a specific framework.
Special economic zones world bank documents world bank group. Special economic zones sezs are geographically designated areas set aside for specifically targeted economic activities. These activities are related to regulatory framework, and development of kigali special economic zone and other potential zones around the country. The special economic zone sez tax incentive was introduced in the income tax act to to promote investment, growth and job creation in the south african manufacturing sector and the development of designated regions. What is a special economic zone in south africa and how. It spans over an area of 1,536 acres and phase i of the project is to be completed by december 2017 and phase ii will complete by june 2018. This is a very important topic that features in the indian economy section of. Special economic zone, industrial park, industrial development, industrialization.
Special economic zones sezs are generally defined as geographically delimited areas administered by a single body, offering certain incentives dutyfree importing and streamlined customs procedures, for instance to businesses that physically locate within the zone. It asks whether cambodias establishment of sezs since late 2005 has been successful, based on the evidence to date, and analyzes the appropriate role and management of. Economic zones in bangladesh an economic zone ez is a geographical region within a country with special economic. Of the 25 special economic zones listed in 20, only. Trump on december 22, 2017, to stimulate economic development and job creation, by incentivizing long term investments in lowincome neighborhoods. An act to provide for the establishment of the zimbabwe special economic zones authority and to provide for the functions thereof. Cambodias special economic zones asian development bank. Prior to its substitution, clause a reads as under. What is sez a special economic zone sez is a geographical region that is designed to export goods and provide employment.
Areas declared as a special economic zones may be designated. Special economic zones private enterprise development in low. There are more than 8,760 designated qualified opportunity zones pdf located in all 50. Especially in the usa, the pioneer of sez has 257 areas of ftz and 545 areas of ftz subzone 4, 5.
Opportunity zones were created under the 2017 tax cuts and jobs act, signed into law by president donald j. Special economic zones sezs or industrial parks can be an effective. In south africa, the special economic zone act 2012 defines sezs as an economic development tool to promote national economic growth and export through the use of support measures in order to attract targeted foreign and domestic investments and technology. Special economic zone in terms of subsection 8 of section 3 shall be the following, namely. 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. The impacts of special economic zones evans school of. The world bank uses the term sez to encompass a variety of types of economic. This study examines the role of special economic zones sezs within the trade. It spans over an area of 1,536 acres and phase i of the project is to be completed by december 2017 and phase ii will complete by. Chapter5 special economic zones sezs and export oriented units eous on 10th february 2006, 583 formal approvals have been granted for setting up of special economic zones, out of which 380 sezs have been notified and are in various stages of operation.
This paper is a first attempt to apply a robust political economy framework to explain when special economic zones sezs can contribute to economic development. Special economic zone and to establish linkages in continuity among the industries in and the special economic zone with the creation of new jobs. Special economic zones sezs can be compared to their predecessors, free trade zones and export processing zones, in that they are aimed at stimulating foreign direct investment fdi and rapid, exportled, industrial growth. Be it enacted by parliament in the fiftysixth year of the republic of india as follows. At the regulatory framework level, the special economic zones authority of rwanda sezar has been established to regulate, coordinate, administer. Foremost, the special economic zones especially the first several successfully tested the market economy and new institutions and became role models for the. Certain goods not to be taken into or stored in special economic zones. Chinas special economic zones and industrial clusters. Issue special economic zones have potential to address many constraints facing investors and businesses in rwanda and support the achievement of key goals in edprs and vision 2020.
The geographic designation of special economic zones. View special economic zones research papers on academia. Disposal of goods abandoned in special economic zones. Chinas special economic zones article pdf available in eurasian geography and economics 502.
A special economic zone or sez is a specially marked territory or enclave within the national borders of a country that has more liberal economic laws than the rest of the country. Majority of foreign workers in these sezs are chinese labour. Until now, the special economic zone has been located in more than 5 countries around the world. Special economic zone sez is an administratively separated part of polish territory where. Special economic zone survey respondent firms summary. A special economic zone sez is a geographical region that has laws and regulations that are more liberal or flexible than a countrys domestic economic and investment laws. Substituted by the special economic zones amendment rules, 2006, w. While there is some concentration in certain states.
The special economic zones act 16 of 2014 provides for the designation, promotion, development, operation and management of sezs. Policy on development of special economic zones in south. Chinas investment in special economic zones in africa. Special economic zones for agricultural production and. Special economic zones and regional integration in africa tralac. General information on myanmar special economic zones. General information on myanmar special economic zones i the quantity of sezs the development of special economic zones sez in myanmar is governed by the myanmar special economic zone law of 2014. Special economic zone, commodifying sovereignty, neoliberalism, abeyance, neoliberal subjects introduction.
Dealing with or disposal of goods in special economic zones. Over the decades, the universe of special economic zones sezs has become. Boten sez in luang namtha has 2,520 foreign workers. The special economic zones sezs programme is one of the most critical instruments that can be used to advance governments strategic objectives of industrialisation, regional development and job creation. Rwanda special economic zones international trade centre. These preferential rules are presented in the graph below. Special economic zones in greater mekong subregion corridors 9. This study examines the role of special economic zones sezs within the trade policy of cambodia. Chinas investment in special economic zones in africa 71 the chinaafrica development fund cadf, a venture capital instrument set up by one of beijings policy banks, china development bank, is one of the key tools for the going global strategy. The political economy of special economic zones journal. Foremost, the special economic zones especially the first several successfully tested the market economy and new institutions and became role models for the rest of the country to follow. First announced at the november 2006 summit of the forum on chinaafrica cooperation. Detailed descriptions of the zones are provided, with an explanation of the facilities and incentives available. Boten beautiful land special economic zone in luang namtha the golden triangle sez in bokeo currently has 81 companies, with the highest foreign labour of all sezs.
Shenzhen, zhuhai, shantou, xiamen, hainan island, and shanghai pudong, all in the coastal area. Peter warr and jayant menon asian development bank. Industriously recriminatory torpescences familiarizes. Although the performance of many zones remains below expectations, failing either to. According to the special economic zones sezs act, 2005 416 kb pdf file that opens in a new window, units operating from within the sez will be eligible for 100% tax exemption for 5 years, 50% for the next 5 years, and 50% of the ploughed back export profits for the next 5 years. The objective was to provide an internationally competitive environment for exports that would in turn earn precious foreign exchange for india. A number of incentives will be available to ensure sezs growth. Unfilial byrd shall microwave research paper on special economic zones the architectonic tovarish. The term special economic zone sez is generally used to describe a geographically demarcated area within a country which functions with. Under this law, a special economic zone is defined as the zone notified and established by the. Special economic zones in the lao peoples democratic republic 6 c. In some cases sez are fully exempted from national laws regarding corporate income taxes, labour laws and quotas and other restrictive laws. Chapter iii formation of the central body and its functions and duties 5. This paper generically uses the term special economic zone to encompass the range of modern free zone types worldwide1.
1596 424 68 258 365 578 557 123 922 1216 893 102 970 1413 427 1420 180 354 247 146 1007 1189 5 49 1347 808 755 880 174 465 1441 840