Abstract
The concept of special economic zones has evolved across the globe. Several developing countries have policies for the establishment of industrial zones that focus on exports and countries have set up strong regulatory and administrative frameworks to support them. Since different countries have different starting points and experiences in developing special economic zones, each country imparts important lessons for India. Using select country cases in Asia, this chapter compares their SEZ policy objectives, administrative structure, incentives, and contribution with those in India and makes recommendations for Indian SEZs.
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Notes
- 1.
An entrepôt is a port, city or trading post where merchandise may be imported, stored and/or traded, typically to be exported again. For the evolution of SEZs, see Aggarwal (2012).
- 2.
ADB, World Bank and consulting organisations such as Deloitte Touche Tohmatsu Limited, Ernst and Young and Japan Development Institute.
- 3.
India has comprehensive agreements with Singapore, Korea, Japan and Malaysia and regional agreements with ASEAN and the South Asian Association for Regional Cooperation (SAARC). It is now negotiating the Regional Comprehensive Economic Partnership (RCEP) agreement, which is one of the largest trade agreements involving ASEAN, China, Australia, New Zealand, Japan and the Republic of Korea.
- 4.
http://investtaiwan.org/doc/2013_Taiwan_Investment_Guide_eng.pdf.(accessed on 19 October 2015)
- 5.
Korean Free Economic Zones. http://www.fez.go.kr/en/economic-indicators_view.jsp?bbsNo=3233&bbsmNo=18&cType=&cText (accessed on 19 October 2015)
- 6.
This is measured as a simple ratio of net exports to total exports.
- 7.
Data provided by Export Promotion Council for EOUs and SEZs (EPCES) and the Department of Commerce.
- 8.
For details see http://www.ieat.go.th/en (accessed on 19 October 2015).
- 9.
WTO website. http://www.wto.org/english/tratop_e/region_e/region_e.htm. (accessed on 4 June 2014).
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© 2016 Indian Council for Research on International Economic Relations (ICRIER)
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Mukherjee, A., Pal, P., Deb, S., Ray, S., Goyal, T.M. (2016). SEZs in Select Countries: A Comparison with India. In: Special Economic Zones in India. India Studies in Business and Economics. Springer, New Delhi. https://doi.org/10.1007/978-81-322-2806-6_2
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DOI: https://doi.org/10.1007/978-81-322-2806-6_2
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