View Shopping Cart Your Famous Chinese Account Shopping Help Famous Chinese Homepage China Chinese Chinese Culture Chinese Restaurant & Chinese Food Travel to China Chinese Economy & Chinese Trade Chinese Medicine & Chinese Herb Chinese Art
logo
Search
March 8, 2014
Table of Contents
1 Introduction
Special Economic Zone

Wikipedia

 
A Special Economic Zone (SEZ) is a geographical region that has economic laws different from a country's typical economic laws. Usually the goal is an increase in foreign investment. Special Economic Zones have been established in several countries, including the People's Republic of China, India,Jordan, Poland Kazakhstan, Clark Special Economic Zone|the Philippines and Russia. North Korea has also attempted this to a degree.

Image:China SEZ.jpg|thumb|300px|Special Economic Zones of China



Main articles: Special Economic Zones In the People's Republic of China

The word "special" mainly means special economic systems and policies. In the People's Republic of China, the central government gives SEZs special policies and flexible measures, allowing SEZs to utilize a special economic management system.

#Special tax incentives for foreign investments in the SEZs.
#Greater independence on international trade activities.
#Economic characteristics are represented as "4 principles":
##Constructions primarily relies on attracting and utilizing foreign capitals
##Primary economic forms are sino-foreign joint ventures and partnerships as well as wholly foreign-owned enterprises
##Products are primarily export-oriented
##Economic activities are primarily driven by market

SEZs are listed separately in the national planning (including financial planning) and have province-level authority on economic administration. SEZs local congress and government have legislation authority.

List of PRC's SEZs

PRC's SEZ's are located in:

  • Guangdong Province: Shenzhen, Zhuhai and Shantou

  • Fujian Province: Xiamen

  • Hainan Province (whole province)








Considering the need to enhance foreign investment and promote exports from the country and realising the need that level playing field must be made available to the domestic enterprises and manufacturers to be competitive globally, The Government of India had in April 2000 announced the introduction of Special Economic Zones policy in the country, deemed to be foreign territory for the purposes of trade operations, duties and tariffs.
The Special Economic Zones in India closely follow the People's Republic of China|PRC model.

List of India's SEZs

The policy provides for setting up of SEZ's in the public, private, joint sector or by State Governments.
It was also envisaged that some of the existing Export Processing Zones would be converted into Special Economic Zones. Accordingly, the Government has converted Export Processing zones located at
  • Kandla and Surat (Gujarat)

  • Cochin (Kerala)

  • Santa Cruz (Mumbai-Maharashtra)

  • Falta (West Bengal)

  • Chennai (Tamil Nadu)

  • Visakhapatnam (Andhra Pradesh)

  • Noida (Uttar Pradesh)





  • http://www.sezindia.nic.in/ SEZ India

de:Sonderwirtschaftszone
ja:経済特区
zh:经济特区
econ-stub
Category:International tradecategory:International economics

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Special Economic Zone".


Last Modified:   2005-04-13


Search
All informatin on the site is © FamousChinese.com 2002-2005. Last revised: January 2, 2004
Are you interested in our site or/and want to use our information? please read how to contact us and our copyrights.
To post your business in our web site? please click here. To send any comments to us, please use the Feedback.
To let us provide you with high quality information, you can help us by making a more or less donation: