Roadmap for Development of CPEC SEZs

Special Economic Zones (SEZs) are developed around the globe mainly in less developed countries as a strategy to industrialize and to accelerate the economic growth. They are demarcated territory with its own fiscal regime different from the one prevailing in the country and managed by single administration5. Moreover, they are better connected with markets and are equipped with world class infrastructure such as roads, uninterrupted power, and water supply and facilitation services to run the wheel of industry within SEZ effectively and efficiently.
The growing number of zones is the evidence of the “second best” strategy after the one to open the whole economy to investors6. Also, SEZs are considered as the cornerstone strategy for economic growth and a tool of national competitiveness7 and economic reforms which have significantly catalyzed the economic growth of the countries especially in South East Asian nations and also to some extent in African nations.