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Geographical area that has more liberal economic laws than a countrys typical
economic laws

Goal is to promote rapid economic growth by using tax and business incentives to attract foreign investment and technology.
3000 SEZs in 120 countries, accounting for over US$ 600 billion in exports & 50 million jobs. SEZs are able to (a) Attract investment and foreign exchange. (b) Spur employment. (c ) Boost the development of improved technologies and infrastructure. 143 functional SEZs (as of Feb 2012) and more than 500 approved & being setup. Min. size of SEZ shall not be less than 1000 hectares.

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