Meaning of “special economic zone” in the English Dictionary

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"special economic zone" in Business English

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special economic zonenoun [ C ]


an area with particular economic advantages, for example lower taxes than the rest of the country, to encourage investment and development there:

Next to the airport is a vast special economic zone, an enclave of relative economic freedom designed to attract investors.

(Definition of “special economic zone” from the Cambridge Business English Dictionary © Cambridge University Press)