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Special Economic Zone

/ˈspɛʃəl ɪˌkɒnəmɪk zoʊn/noun
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A Special Economic Zone (SEZ) is a designated area in a country with more flexible economic regulations than the rest of the nation, aimed at attracting foreign investment, boosting exports, and fostering industrial growth. These zones often feature incentives like tax exemptions and simplified customs procedures, making them key players in global trade and economic revitalization in an increasingly interconnected world.

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