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In 2013 and 2014 a number of smaller special economic zones were announced covering export handling, mineral processing, high technology, gaming and tourism. [41] North Korea also used to operate Kaesong Industrial Region in conjunction with South Korea from 2002 until 2016.
The Coega Special Economic Zone (SEZ), established in 1999 and 9 003 ha in extent, [1] is situated near Gqeberha (Port Elizabeth) in the Eastern Cape province of South Africa. The initiative is a multibillion-dollar industrial development complex customised for heavy, medium and light industries, and adjacent to a deep-water port, the Port of ...
Arshiya International will be developing three more Free Trade and Warehousing zones in Central, South and East of India. Cochin Special Economic Zone is a Special Economic Zone in Cochin, in the State of Kerala in southwest India, set up for export- oriented ventures. The Special Economic Zone is a foreign territory within India with special ...
Dube Tradeport Corporation is a business entity of the KwaZulu-Natal Provincial government in South Africa that manages a 3,000ha infrastructure project called the Dube Tradeport Special Economic Zone set up to promote local and international trade.
See also: List of special economic zones and List of free-trade zones In special economic zones business and trades laws differ from the rest of the country. The term, and a number of other terms, can have different specific meanings in different countries and publications. Often they have relaxed jurisdiction of customs or related national regulations. They can be ports or other large areas ...
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The definition of an SEZ is determined individually by each country. According to the World Bank in 2008, the modern-day special economic zone typically includes a "geographically limited area, usually physically secured (fenced-in); single management or administration; eligibility for benefits based upon physical location within the zone; separate customs area (duty-free benefits) and ...
An international zone is any area not fully subject to the border control policies of the state in which it is located. There are several types of international zones ranging from special economic zones and sterile zones at ports of entry exempt from customs rules to concessions over which administration is ceded to one or more foreign states.