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This book explains the definition, concepts, practices and procedures of Free Zone operations; how they are created, how they operate, and their benefits to the global and national economy. Readers will be able to understand why Free Zones exist, their role in the development and maintenance of international trade, and how they contribute to national and global economic development and wellbeing, especially in developing nations. The author explains the processes in the establishment of Free Zones, and how government legislation and initiatives assist in this process. The book comprehensively but accessibly covers the topics of Freeports, Free Zones, Export Processing Zones (EPZs) and Specia...
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Special Economic Zones Are Specially Delineated Duty-Free Enclaves Deemed To Be Foreign Territories For The Purposes Of Trade Operations, Duties And Tariffs. Sezs Include Development Of Roads, Airports, Ports, Telecom, Generation And Distribution Of Power, Construction Of Industrial/Commercial/Residential Complexes, Etc.Encouraged By The Phenomenal Success Of Sezs Of People S Republic Of China Which First Used This Model As A Measure To Attract Foreign Capital, Technology And Managerial Expertise The Indian Government Announced In The Exim Policy Of March 2000, A Scheme For Setting Up Sezs In The Country. The Special Economic Zones Act, Which Was Enacted Subsequently In The Year 2005, Has Be...