Export Processing Zones
Export Processing Zones (EPZs) are designated areas within a country where goods can be manufactured, processed, and exported with minimal regulatory barriers. These zones are designed to attract foreign investment and boost local economies by offering tax incentives, streamlined customs procedures, and reduced tariffs. Companies operating in EPZs typically focus on producing goods for international markets.
EPZs often provide infrastructure and services that support manufacturing activities, such as transportation, utilities, and logistics. By creating a favorable business environment, governments aim to enhance trade, create jobs, and stimulate economic growth while integrating into the global supply chain.