Type;Clarification "Free trade zones (FTZ)";"Small and are also known as commercial-free zones; they are fenced-in, duty- free, providing warehousing, storage, and distribution facilities for trade, transshipment, and re-export activities." "Export-processing zones (EPZ)";"Industrial estates aimed predominantly at foreign markets. They offer potential investors free-trade conditions and a liberal regulatory environment. There are two types of EPZs: one is a comprehensive type that is open to all industry sectors, and another one is a specialized type, which is only open for certain specialized industries." "Hybrid EPZs";"Normally sub-divided into a general zone open to all industries regardless of export orientation and a separate EPZ area reserved for export-oriented, EPZ- registered enterprises." SEZs;"Represent a much broader concept and typically comprise much larger territories. They accommodate all types of activities, including tourism and retail sales, permit people to reside on site, and provide a much broader set of incentives and benefits." "Enterprise specific—single factory zones";"Provide incentives to individual enterprises regardless of location; factories do not have to locate within a designated zone to receive incentives and privileges." "Comprehensive SEZs";"Also called as multi-functional because they are large and have a combination of different industrial services and urban amenity operations. These zones can comprise an entire city or a jurisdiction (e.g. Shenzhen or Hainan provinces in China)." "Industrial parks";"Largely manufacturing-based sites. Some multi-functional ones similar to “Comprehensive Special Economic Zones” exist but usually operate at a smaller scale and are typically designed for SMEs. The parks normally offer a broad set of incentives and benefits." "Bonded areas";"Also known as “Bonded Warehouses”. They are specific real estate facilities or other secured territories, in which goods may be stored, manipulated, or can undergo manufacturing operations without payment of duties that would ordinarily be imposed. To some extent, a “bonded area” is similar to FTZ or “free port” models. Nevertheless, the major difference is that a “bonded area” is subject to customs laws and regulations, while a FTZ is exempt from these provisions." "High tech zones";"Promote R&D activities and high technology or science based industries; petrochemical and heavy industries." "Eco-industrial zones or parks";"Concentrate on ecological developments concerning the reduction of waste and enhancement of the environmental performance of companies. They commonly employ “industrial symbiosis” principles and green technologies to achieve energy and resource efficiency. Given the severe environmental challenges, a growing number of countries is embracing this new type of zone."