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Export Processing Zones

Export Processing Zones (EPZs) are designated areas within a country where businesses can operate with special incentives. These zones are typically created to attract foreign investment and boost exports. In EPZs, companies often benefit from reduced taxes, fewer regulations, and streamlined customs procedures. The goal is to promote manufacturing and job creation by making it easier and more profitable for businesses to produce goods for export. By facilitating trade, EPZs can enhance a country's economic growth and global competitiveness while providing local employment opportunities.

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    Export Processing Zones (EPZs) are specially designated areas within a country where businesses can operate with fewer regulatory barriers to facilitate international trade. Companies in EPZs typically benefit from tax incentives, streamlined customs procedures, and reduced tariffs when exporting goods. The primary goal of these zones is to attract foreign investment, create jobs, and boost economic growth by promoting manufacturing and export activities. In essence, EPZs are designed to make it easier and more profitable for businesses to produce goods for export to other countries.