Where are export processing zones?



The zones are typically located in the vicinity of ports of air and sea, therefore making the import and export process more convenient. Companies do not require as much government approval for practices as firms outside of the zone, with labor laws being more flexible.

What are the export processing zones?

An Export Processing Zone (EPZ) is a Customs area where one is allowed to import plant, machinery, equipment and material for the manufacture of export goods under security, without payment of duty.

What are export processing zones geography?

Export processing zones (EPZs) are areas within developing countries that offer incentives and a barrier-free environment to promote economic growth by attracting foreign investment for export-oriented production.

How many EPZ are there in the world?





There are now over 4,000 EPZs, which is over 3,000 more than 20 years ago. Some countries have made the promotion of such zones central to their economic development strategies, while others have questioned their contribution to national development.

What are export processing zones AP Human Geography?

Explanation: Export-processing zones are areas found in many regions of the developing world. They provide incentives for foreign companies to conduct their business in developing regions. They provide benefits to the developing world in the form of foreign investments and improved employment opportunities.

Why is EPZ important?

Most export processing zones (EPZs) provide for custom free and tax freed export-oriented manufacturing, investment incentives and streamlined administration, cheap utilities, lower wages and better infrastructure. For exports all of them involve processing intermediate imports.

What are three characteristics of export processing zones?

It identifies three main goals of export processing zones: provision of foreign exchange earnings; job creation, and income generation; and, attracts foreign direct investments, which enhances knowledge, and technology transfer.

What are export processing zones famous for quizlet?





-The primary objective of an EPZ is to provide special areas where potential investors would find a congenial investment climate, free from cumbersome procedures. )

When was the first EPZ set up in India?

India was one of the first in Asia to recognize the effectiveness of the Export Processing Zone (EPZ) model in promoting exports, with Asia’s first EPZ set up in Kandla in 1965. Seven more zones were set up thereafter.



Year Value (Rs. Crore) Growth Rate (over previous Year)
2008-09 99,689 50%

Who is the owner of EPZ?

The EPZ Authority is a State Corporation, under the Ministry of Trade and Industry. The Authority is provided with general direction by a Board comprising 15 members appointed from both the private and public sectors. The Board is headed by a Chairman appointed by the President.

Where are EPZs located?

The zones are typically located in the vicinity of ports of air and sea, therefore making the import and export process more convenient. Companies do not require as much government approval for practices as firms outside of the zone, with labor laws being more flexible.

Where are free trade zones located?

Free-trade zones are organized around major seaports, international airports, and national frontiers—areas with many geographic advantages for trade. Examples include Hong Kong, Singapore, Colón (Panama), Copenhagen, Stockholm, Gdańsk (Poland), Los Angeles, and New York City.



What is SEZ and EPZ?

Export Processing Zones (EPZ) and Special Economic Zones (SEZ) Posted in Investment Guide. Each Partner State has gazetted Export Processing Zones (EPZ) and Special Economic Zones (SEZ).

What countries have EPZs?

Distribution of EPZs by region, 1997

Region No. of zones Key countries
North America 320 United States – 213, Mexico – 107
Central America 41 Honduras – 15, Costa Rica – 9
Caribbean 51 Dominican Republic – 35
South America 41 Colombia – 11, Brazil – 8

Why are export processing zones controversial?

Why are export processing zones controversial solutions to economic barriers? They exploit workers and observe less strict environmental rules. In the past 20 years, the average size of farms in the US has __________.

What advantages do EPZs have for developing countries?

The combination of labor and capital in EPZs provides a chance for developing countries to absorb foreign direct investment (FDI) and be linked to the global economy with the minimum impact on the domestic economy, as the goods produced in EPZs are exported.

How many export processing zones are in Nigeria?

The Nigeria Export Processing Zones Authority (NEPZA) is the federal agency responsible for promoting and facilitating local and international investments into the 34 licenced Free Export Processing Zones (EPZ) in Nigeria.



What is export Processing Zone in India?

All the eight Export Processing Zones (EPZs) located at Kandla and Surat (Gujarat), Santa Cruz (Maharashtra), Cochin (Kerala), Chennai(Tamil nadu), Visakhapatnam (Andhra Pradesh), Falta (West Bengal) and Noida (U.P.) have been converted into Special Economic Zones.

What are export processing zones famous for quizlet?

-The primary objective of an EPZ is to provide special areas where potential investors would find a congenial investment climate, free from cumbersome procedures. )

How many EPZ are there in Kenya?

Currently there are over 40 gazetted zones in Nairobi, Voi, Athi River, Kerio Valley, Mombasa and Kilifi in various stages of development by both private and public zone developer/operators. These zones are managed and promoted by the Export Processing zones Authority.

What are export processing zones in Kenya?

Export processing zones (EPZs) are designated parts of Kenya that are aimed at promoting and facilitating export oriented investments and to develop an enabling environment for such investments.

Which of the following regions has the largest number of export processing zones?

Global Growth in EPZs



The ILO report, which was prepared for the meeting, says that the largest numbers of zones are in North America (320) and Asia (225).