Special economic zones are customs-privileged facilities that typically exist in countries with low-cost labor.

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Special economic zones are customs-privileged facilities that typically exist in countries with low-cost labor. Under most arrangements, products are brought into an in-bond area, manipulated, and then reexported to the country where the products originated. Maquiladoras in Mexico are an example.

Special Economic Zones Are Customs-Privileged Facilities That Typically Exist in Countries