An export processing zone is a region of a nation that gives favorable tax rates to corporations.
<h3>What do you mean by Export processing zone?</h3>
An export processing zone may be defined as a customs area where one is allowed to import plant, machinery, equipment, and material for the manufacture of export goods under security, without payment of duty.
This export processing zone is responsible for all the activities and duties associated with any goods and services which are exported from other nations.
Therefore, an export processing zone is a region of a nation that gives favorable tax rates to corporations.
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