Special Economic Zones and Regional Trade Agreements
SEZs and regional trade agreements (RTAs) can help to liberalise and facilitate trade. While both of them focus on the removal of trade barriers, their objectives are different. SEZs focus on improving a country’s export competitiveness, while RTAs focus on removing barriers to trade between trading partners. Hence, the two polices can be in conflict. This chapter discusses how India can synergise its SEZ policy with its bilateral and regional trade agreements and maximise the benefits for its industries.