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Export Processing Zones

Export Processing Zones

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Published by Raman Kangotra

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Published by: Raman Kangotra on May 06, 2012
Copyright:Attribution Non-commercial

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08/12/2014

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EXPORT PROCESSING ZONES
LEARNING OBJECTIVES
1.TO BE ABLE TO DEFINE A EPZ2.
TO IDENTIFY THE ADVANTAGES AND DISADVANTAGES OF EPZ’S
 3.TO BE ABLE TO USE MAQUILADORAS IN MEXICO AS A CASE
STUDY
 
WHAT IS IT?
A
free trade zone
(
FTZ
) or
export processing zone
 (
EPZ
) is an area of a country where some normaltrade barriers such as tariffs and quotas are eliminatedand bureaucratic requirements are lowered in hopesof attracting new business and foreign investments.
It is a region where a group of countries has agreed toreduce or eliminate trade barriers. Free trade zonescan be defined as labor intensive manufacturingcenters that involve the import of raw materials orcomponents and the export of factory products.
 
as labor intensive manufacturing centers thatinvolve the import of raw materials orcomponents and the export of factory products.
WHAT IS IT?

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