An Export Processing Zone (EPZ) is a designated area within a country where goods can be manufactured, processed, and exported with minimal trade barriers. These zones are established to attract foreign investment and boost local economies by providing incentives such as tax exemptions and streamlined customs procedures. Companies operating in EPZs often focus on producing goods for international markets. EPZs are typically located near ports or airports to facilitate easy transportation of products. They play a crucial role in global trade by allowing businesses to operate efficiently while promoting job creation and economic development in the surrounding regions.