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Types of sez
1. Free-trade zone (FTZ)
• A free-trade zone (FTZ) is a class of special economic zones. It is a
geographic area where goods may be imported, stored, handled,
manufactured, or reconfigured and re-exported under
specific customs, regulation and generally not subject to customs
duty. free-trade zones are generally organized around
major seaports, international airports, and national frontiers—areas
with many geographic advantages for trade.
2. Free economic zones (FEZ)
• Free economic zones (FEZ), free economic territories
(FETs) or free zones (FZ) are a class of special economic
zones (SEZ) are designated areas in which companies are
taxed very lightly or not at all to encourage economic activity.
The taxation rules are determined by each country.
3. Industrial park
• An industrial park (also known as industrial
estate, trading estate) is an area zones and planned for the
purpose of industrial development. An industrial park can be
thought of as a more "heavyweight" version of a business
park or office park, which has offices and light industry,
rather than heavy industry.
4. Free port
• a port or special section of a port where goods may be
unloaded, stored, and shipped without payment of
customs duties.
5. Urban enterprise zones
• An enterprise zone is a geographic area that has been
granted special tax breaks, regulatory exemptions, or
other public assistance in order to encourage private
economic development and job creation. They are used
most often to promote the revitalization of a city
neighborhood.
6. Export Processing Zone (EPZ)
• An Export Processing Zone (EPZ) is a Customs area where one is
allowed to import plant, machinery, equipment and material for the
manufacture of export goods under security, without payment of duty.
The imported goods are subject to customs control at importation,
through the manufacturing process, to the time of sale/export, or duty
payment for home consumption.