Finance & Businessfreq · 1via Dusty Flow

Export Processing Zone

/ˈɛk.spɔːt ˈprɒ.sɛs.ɪŋ zəʊn/noun
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An Export Processing Zone is a geographically defined area in a country designed to encourage manufacturing and assembly for export, featuring incentives like tax exemptions and relaxed regulations to attract foreign investment. These zones streamline trade by allowing duty-free imports of raw materials that are processed and exported, but they often spark debates over their role in global inequality and worker protections in today's interconnected economy.

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