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Crimea and other special economic zones of the world

A draft law regulating the creation of special economic zone in Crimea was submited on October 15

Photo {{sliderIndex+1}} from 10

October 15 Russian Prime Minister Dmitry Medvedev signed and submitted to the State Duma a draft law regulating territories of advanced development, including Crimea. The aim is to attract investment, develop transport and other infrastructure, tourism, agriculture and Crimea’s resort zone. Earlier Crimean leader Sergey Aksyonov said authorities were looking at creating a kind of a Crimean Silicon Valley in the territory of the peninsula

© ITAR-TASS/Mikhail Pochuyev

Special economic zones are very common all over the world. In these zones business and trade laws differ from the rest of the country. China has several. One of them is the city of Shenzhen, southern China's Guangdong province

© EPA/DIEGO AZUBEL

The most prominent SEZs in China are Shenzhen, Xiamen, Shantou, and Zhuhai. Photo: the port in Xiamen in southeast China's Fujian province

India was one of the first countries in Asia to recognize the effectiveness of SEZs. Photo: Cyno Pyridine plant at Jubilant Special Economic Zone near Bharuch, India

© AP Photo/Ajit Solanki

The port of Rajin and the neighboring city of Sonbong together comprise the Rason special economic zone in North Korea which is being developed with help from foreign investment, particularly from China

© AP Photo/Kim Kwang Hyon

Kish island is Iranian special economic zone. It's a consumer's paradise, with numerous malls, shopping centres, tourist attractions, and resort hotels. Photo: An Iranian couple enjoy a walk in a beach on Kish Island southern Iran, 26 April 2011

© EPA/ABEDIN TAHERKENAREH

The Colon Free Zone is located in the city of Colon at the Atlantic entrance to the Panama Canal dedicated to re-export of merchandise to Latin America and the Caribbean

© EPA/Alejandro Bolivar

Photo: A view of Subic Bay showing the shipyard in Subic Bay Freeport Zone on the west coast of the island of Luzon in the Philippines

Dubna, located in Moscow region is on of Russia's federal economic zones. It has a status of "town of science", being home to the Joint Institute for Nuclear Research

© ITAR-TASS/Sergei Fadeichev

The Yantar Special Economic Zone was established in Russian Kaliningrad Region in 1996

© ITAR-TASS/Elena Nagornykh

October 15 Russian Prime Minister Dmitry Medvedev signed and submitted to the State Duma (lower house) a draft law regulating the particularities of doing business in certain territories, including Crimea.The aim of this activity is to attract investment, develop transport and other infrastructure, tourism, agriculture and Crimea’s resort zone. It is expected that the special economic regime will include a lower income tax, a lower value-added tax, as well as the cancellation of import VAT. The Crimean leader Sergey Aksyonov said Crimea’s authorities were looking at creating a kind of a Crimean Silicon Valley in the territory of the peninsula. See other special economic zones in this photo gallery by TASS.

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