The term Special Economic Zone (SEZ) covers a broad range of zones, such as Export
Processing Zones (EPZs), industrial parks, free ports, enterprise zones, and others.
Industrial free zones, industrial export zones, free trade zones (often presented as
bonded platforms within countries heavily involved in transit trade), special economic
zones (principally in China), bonded warehouses, technological and scientific parks,
financial services zones, free ports, duty-free zones (destined for the retailing of dutyfree
consumer goods to tourists) are also among the variants. EPZs have been a feature
of Indian policy since 1960.1 “As an important feature of globalization, EPZs have been
monitored by the ILO for over 20 years. Zones take many forms, including free trade
zones, special economic zones, bonded warehouses, free ports and maquiladoras.
The ILO has defined EPZs as “industrial zones with special incentives set up to attract
foreign investors, in which imported materials undergo some degree of processing before being (re)exported again”.
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