What does EPZ stand for?

The central bank's recent lifting of restrictions on offshore banking or foreign currency loans for local banks has drawn a curtain on the monopoly foreign banks enjoyed earlier in case of such banking outside the country's export processing zones (EPZ).

Establishment of special economic zones, free trade zone, and export processing zone (EPZ) would attract foreign investment creating innumerable job opportunities for local youth which would directly raise the living standard of their families, he said PML (Q) MPA Sheikh Jaffar Mandokheil said Gwadar seaport is best in the region having geographic potential to link the region.

Called Export Processing Zone (EPZ), this is a 200-hectare park where investors get a variety of advantages ranging from low gas prices to fiscal incentives, cheap labour, etc.

On 27th April 2000, Chinese government officially approved and set up the export processing zones monitored by the customers with the purposes of propelling the development of the processing trade in China and encouraging the expansion of the foreign exports.

In pursuing such efforts, Bangladesh Export Processing Zones Authority (BEPZA) is responsible for the creation, operation and development of Export Processing Zones (EPZs) in the country.

Such has been the rush of investors that Bangladesh's export processing zone (EPZ) authority says it is running short of plots to allocate to the incoming foreign investors.

The new law on export processing zones (EPZs) adopted in January 2008provides for reduced rights to workers in export processing zones ascompared to those subject to the standard provisions of the Labour Code.

The Inter Press Service (IPS) (Rome) has distributed a February 19, 2007 review of a controversial book published by the Kenya Human Rights Commission (KHRC) saying that Kenya's five export processing zones offer a number of incentives to the 41 companies operating there, but workers employed by these companies are exploited.