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Free zones are intended to foster economic activity and employment that could occur elsewhere. Export-processing zone. An export-processing zone (EPZ) is a specific type of FTZ usually set up in developing countries by their governments to promote industrial and commercial exports. According to the World Bank, "an export processing zone is an ...
The Philippine Economic Zone Authority (PEZA), formerly known as the Export Processing Zone Authority (EPZA), is a Philippine government agency attached to the Department of Trade and Industry, created to help promote investments in the export-oriented manufacturing industry into the country by assisting investors in registering and facilitating their business operations and providing tax ...
Shanghai Free-Trade Zone [note 1] (Shanghai FTZ or SFTZ), officially China (Shanghai) Pilot Free-Trade Zone, [note 2] is a free-trade zone in Shanghai, China. On 22 August 2013, the State Council approved the establishment of the zone. Officially launched on 29 September 2013 with the backing of Chinese Premier Li Keqiang, it is the first free ...
Terms include free port (porto Franco), free zone (zona franca), bonded area (US: foreign-trade zone), free economic zone, free-trade zone, export processing zone and maquiladora. Most commonly a free port is a special customs area or small customs territory with generally less strict customs regulations (or no customs duties or controls for ...
Website. afab .gov .ph. The Freeport Area of Bataan (FAB), formerly Bataan Export Processing Zone (BEPZ) and Bataan Economic Zone (BEZ) from June 21, 1969 to June 30, 2010, is a special economic zone in Mariveles, Bataan, Philippines. It was envisioned by Congressman Pablo Roman, Sr., a representative from Bataan, who authored Republic Act 5490 ...
On November 20, 1972, the Bataan Export Processing Zone (BEPZ) became the first official economic zone in the Philippines through Presidential Decree 66 (which also created Export Processing Zone Authority (EPZA), later became Philippine Economic Zone Authority (PEZA)). The BEPZ was one of the most progressive communities in Luzon during its ...
A special economic zone ( SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include increasing trade balance, employment, increased investment, job creation and effective administration. To encourage businesses to set up in the ...
Shaanxi Xi'an Export Processing Zone. Shaanxi Xi'an Export Processing Zone (XEPZ) was approved on 21 June 2002 by the State Council for its establishment and was put on 5 April 2004. As the first state-level export processing zone in northwest China, XEPZ has become one of the seven pioneer EPZs with the function of bonded logistics in China.