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Although the establishment of Special Economic Zones (SEZs) in the East Java Industrial Estate JIIPE is in the process of submitting it to the government, perhaps not many people understand and understand the benefits and functions of the SEZ formation itself.
The SEZ, or what is called the English Special Economic Zone (SEZ), is a geographical area with special economic regulations that are more free from economic regulations in force in the country.
In other words, KEK in the East Java Industrial Zone JIIPE is a free trade area that facilitates all trade activities, for example ease of import and duty free facilities for the import of goods and commodity raw materials, as well as very open export opportunities.
The main objective of the establishment of KEK in the East Java Industrial Zone JIIPE is to integrate the companies in it by providing protection from various disturbances, such as tariffs and convoluted bureaucracy.
With the establishment of SEZs in the East Java Industrial Zone of JIIPE, not only the country will benefit, but the surrounding area will also enjoy its positive impact in the form of significantly increased economic growth and active and vibrant economic activity.