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Topic4.1ExportProcessingZoneTerminology.pptx

Topic4.1ExportProcessingZoneTerminology.pptx - 4.1 EPZ...

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4.1 EPZ Terminology Term Main users and date of first use Free trade zone Traditional term since nineteenth century; ILO (1982) Foreign trade zone Individual authors (R. S. Toman, 1956; W. Dymsza, 1964, India , 1983) Industrial free zone Ireland (pre-1970), UNIDO (1971), Liberia (1975) Free zone UNCTAD (1973), USAID (1982), United Arab Emirates (1983) Maquiladoras Mexico (early 1970s) 1
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4.1 EPZ TERMINOLOGY Export free zone Ireland (1975), UNIDO (1976) Duty free export processing zone Republic of Korea (1975 ) Export processing free zone UNIDO (1976), UNCTAD (1983) Export processing zone Philippines (1977), Harvard University (1977), APO (1977), WEPZA (1978), UNIDO (1979), Malaysia (1980), Pakistan (1980), Singapore (1982), UNCTC (1982), ILO (1983), The Economist (1979) 2
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4.1 Export Processing Zones (EPZs) Export Processing Zones (EPZs) can be summarized as a unit bearing clusters of specially designed zones of aggressive economic activity for the promotion of export. The main concept of EPZs was conceived in the early 1970s to promote the growth of the export business of India. Furthermore, the meaning of EPZs can be broadly defined as an area enjoying special government of India support with respect to fiscal incentives, tax rebates and other exclusive benefits for the growth of export. 3
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4.1 Special Economic Zones (SEZs) The Peoples Republic of China even though it is under a totalitarian regime has established four Special Economic Zones (SEZs) under the inspiration from the utterances premier, Deng Xiaoping. He said "If we can increase production, it doesn't matter whether operations are run privately - if a cat catches mice, it doesn't matter whether it is white or black. 4
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4.1 FREE TRADE ZONE (FTZ) Type of free trade zone (FTZ) , set up generally in developing countries by their governments to promote industrial and commercial exports . In addition to providing the benefits of a FTZ, these zones offer other incentives such as exemptions from certain taxes and business regulations . Also called development economic zone or special economic zone. 5
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4.2 The Concept of EPZ A FREE AREA IN WHICH FOREIGN MANUFACRURER ARE PROVIDED WITH INCENTIVES FOR INVESTMENT. WHICH WILL PRODUCT FOR EXPORT PENANG FREE EXPORT ZONE INTEL, ARGILLENT,JABIR,BENCHMARK, NATIONAL SEMI CONDUCTOR ETC ETC FAVOURED TREATMENT SUCH AS IMPORT OF INTERMEDIATE GOODS TAXES EXCELLENT INFRASTRUCTURES FREEDOM FROM INDUSTRIAL REGULATION APPLYING ELSE IN THE COUNTRY MALAYSIA USE THIS AS STIMULATING EXPORT 6
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4.2 Three-tier management system in EPZs Tier one is headed by the Ministry of Commerce headed by the Commerce Secretary, which drafts and implements policies and reviews the performance of each such zones Tier two is headed by the Board of Approval (BOA), which is responsible for examination of proposals for opening up of new enterprises in the zone and which is headed by a person of the level of Additional Secretary The Development Commissioner, who is the chief executive of the Export Processing Zone, heads the three tiers. The Development Commissioner is vested with the power for the day-to-day function of the zone. Further, he is the head
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