Major Export- Import Zone Of India


 
 
Concept Explanation
 

Major Export - Import Zone of India

Special Economic Zones (SEZ)

It is a geographical region that has economic and other laws that are more free market oriented than a country's typical national laws.

  • Asia's first Export Processing Zone (EPZ). was set up in Kandla, India in 1965.
  • The first SEZ policy was announced in April, 2000, which inter - alia provided for to make SEZ an engine of growth supported by quality infrastructure backed up by attractive fiscal package.
  • To import stability to the SEZ regime. SEZ Act, 2005, was enacted and which came into effect from February 10, 2006.
  • As per the provisions of the SEZ Act, 2005, 100% FDI is allowed in SEZs through the automatic route.
  • Export Processing Zone (EPZ)

  • A Free Trade Zone (FTZ) or Export Processing Zone (EPZ), also called foreign trade zone formerly free port, is an area within, which goods may be landed, handled, manufactured or reconfigured and re-exported without the intervention of the customs authorities.
  • Agri Export Zone (AEZ)

  • An Agri Export Zone (AEZ) is a specific geographic region in a country demarcated for setting up of agriculture based processing Industries, mainly for export. The term is widely used mainly in India.
  • AEZ are to be identified by the State Government who would evolve a comprehensive package of services provided by all State Government agencies, state agriculture universities and all institutions and agencies of the Union Government for intensive delivery in these zone. Corporate sector with proven credentials would be encouraged to sponsor new agri export zone or take over already notified agri export zone or part of such zones for boosting agri exports from the zones.
  • Foreign Trade Agreement (FTA )

    Across the globe, there is an expanding network of Free Trade Agreements (FTAS). High-quality comprehensive free trade agreements can play an important role in supporting global trade liberalization and are explicitly allowed for under the World Trade Organization (WTO) rules

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