Export Processing Zone
/ˈɛkspɔrt ˈprɑːsɛsɪŋ zoʊn/
Definitions
- (n.) A designated area within a country where goods may be imported, handled, manufactured, or re-exported under specific regulatory and customs exemptions to promote export-oriented industrial activity.
The company established a factory in the export processing zone to benefit from tax incentives and streamlined customs procedures.
Forms
- export processing zone
- export processing zones
Related terms
See also
Commentary
Legal definitions of export processing zones often emphasize customs and tax benefits aimed at fostering international trade, making precise statutory language important in drafting
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.