Review:
Export Processing Zones
overall review score: 4.2
⭐⭐⭐⭐⭐
score is between 0 and 5
Export Processing Zones (EPZs) are designated areas within a country where companies can benefit from special incentives and regulations to facilitate export-oriented production and trade.
Key Features
- Tax exemptions
- Customs duty waivers
- Streamlined regulatory processes
- Infrastructure support
- Employment generation
Pros
- Encourages foreign investment
- Boosts economic growth
- Creates job opportunities
- Enhances technology transfer
Cons
- May lead to exploitation of labor
- Can contribute to environmental degradation
- May widen economic inequality