explain how export promotion bureau and export processing zone help promote export
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One tool which is used by many nations is Export Processing Zones (EPZ). These are selected areas in a country that are designed to do the following:
- Attract foreign investment to create jobs
- Expand the industrial base
- Introduce technology
- Create backward linkages between the zones and the domestic economy
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The EPZ will have some resources that can attract investment such as natural resources, cheap skilled labor, or logistical advantages.
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