Practicing Success
In order to attract foreign investors China introduced SEZs during their reform period. According to you, what is the full form of SEZ? |
Special economic zones Special environmental zones Stipulated economic zones Stipulated environmental zones |
Special economic zones |
A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include increasing employment, increased investment, job creation etc. Low rate of interest is offered to those enterprises who are ready to set their plant in a SEZ. |