Special Economic Zone
/ˌspɛʃəl ɪkəˈnɑːmɪk zoʊn/
Definitions
- (n.) A designated geographic area within a country where business and trade laws differ from the rest of the country to encourage investment, economic activity, and trade.
The government established a special economic zone to attract foreign manufacturers with tax incentives.
Forms
- special economic zone
- special economic zones
Related terms
See also
Commentary
Special economic zones are often created by legislation or administrative order to foster economic development and attract foreign direct investment by offering regulatory and tax advantages distinct from the national regime.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.