An export processing zone is:
A)A place where exports are inspected and packaged for shipping out of the country.
B)A special area within a developing country that is dedicated to attracting and supporting multinational investment.
C)A place where exports are inspected once they arrive in the receiving country.
D)A place where labor and employment standards are regulated to ensure a fair export-import trade.

Question

Quizplus · Accepted Answer

An export processing zone is a special area within a developing country that offers incentives to attract and support multinational investment for the purpose of exporting goods. These incentives include tax benefits, simplified customs procedures, and relaxed labor laws. The goal is to boost exports and stimulate economic growth in the host country.

An Export Processing Zone Is