ECONOMIC ZONES INTEGRATION DIRECTORATE
This directorate mainly deals with all projects of economic zones, Regional economic affair department is responsible for all economic regional affairs, The Department of regional Economic Affairs studies policies concerning the global economy. Regional economic department focused on Regional economic development which means wide-ranging, multi-level activities to promote wellbeing and prosperity in different regions. It is based on interaction between ministries, counties, municipalities, multinational companies and all other related sectors. In regional economic development, the goals and measures of different countries and administrative branches are examined together both from national and regional perspectives. This examination covers both the measures and resources of regional economic development and the effects of policy-making (in different sectors) on economic development.
A special economic zone (SEZ) is an area in which business and trade laws are different from rest of the country. SEZs are located within a country’s national borders, this directorate works to increased trade, increased investment, job creation and effective administration. To encourage businesses to set up in the zone, financial policies are introduced. These policies typically regard investing, taxation, trading, quotas, customs and labor regulations. Additionally, companies may be offered tax holidays, where upon establishing in a zone they are granted a period of lower taxation.
A special economic zone (SEZ) is an area in which business and trade laws are different from rest of the country. SEZs are located within a country’s national borders, this directorate works to increased trade, increased investment, job creation and effective administration. To encourage businesses to set up in the zone, financial policies are introduced. These policies typically regard investing, taxation, trading, quotas, customs and labor regulations. Additionally, companies may be offered tax holidays, where upon establishing in a zone they are granted a period of lower taxation.