| Name of EPZ Zones | No. of Operation | Investment in Million USD |
|---|---|---|
| Dhaka | 89 | 1249 |
| Mongla | 33 | 55 |
| Ishwardi | 17 | 64 |
| Comilla | 45 | 245 |
How many EPZ are there in Bangladesh 2021?
8 EPZs
At present there are 8 EPZs in Bangladesh.
How many export processing zones are there in Bangladesh?
eight export processing zones
Bangladesh Export Processing Zones Authority (BEPZA) BEPZA currently oversees the operations of eight export processing zones (EPZs) which are Chittagong EPZ, Dhaka EPZ, Mongla EPZ, Ishwardi EPZ, Comilla EPZ, Uttara EPZ, Adamjee EPZ and Karnaphuli EPZ. A ninth zone is scheduled to open in the future.
What is the export processing zone?
An Export Processing Zone (EPZ) is 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.
How many export processing zones are there?
Distribution of EPZs by region, 1997
| Region | No. of zones | Key countries |
|---|---|---|
| Asia | 225 | China – 124, Philippines – 35, Indonesia – 26 |
| Africa | 47 | Kenya – 14, Egypt – 6 |
| Pacific | 2 | Australia – 1, Fiji – 1 |
| Total | 845 |
Where are export processing zones located?
The zones are typically located in the vicinity of ports of air and sea, therefore making the import and export process more convenient. Companies do not require as much government approval for practices as firms outside of the zone, with labor laws being more flexible.
Who is the owner of EPZ?
The EPZ Authority is a State Corporation, under the Ministry of Trade and Industry. The Authority is provided with general direction by a Board comprising 15 members appointed from both the private and public sectors. The Board is headed by a Chairman appointed by the President.
What are the benefits of EPZ?
The main advantages of export-processing zones include tax incentives, lower land rentals, exemption of import, export and value-added taxes and reduced regulatory oversight in administrative and customs procedures.
Who controls EPZ?
Bangladesh Export Processing Zone Authority
| Agency overview | |
|---|---|
| Headquarters | BEPZA Complex, House no- 19/D, Rd No. 6, Green Rd, Dhaka 1205 |
| Agency executives | Sheikh Hasina (Prime Minister of Bangladesh), Governing Chairman Major General Abul Kalam Mohammad Ziaur Rahman, ndc, psc, Executive Chairman |
What countries have export processing zones?
Most FTZs are located in developing countries; Brazil, Colombia, India, Indonesia, El Salvador, China, the Philippines, Malaysia, Bangladesh, Nigeria, Pakistan, Mexico, the Dominican Republic, Costa Rica, Honduras, Guatemala, Kenya, Sri Lanka, Mauritius, and Madagascar all have EPZ programs.
What are the main objectives of export processing zones?
The basic objectives of EPZs are to enhance foreign exchange earnings, develop export-oriented industries and to generate employment opportunities.
Are Export Processing Zones good?
Advantages of the Export Processing Zone With over 130 nations providing EPZ’s within their borders, the advantages of creating EPZ’s appear to be very clear for developing countries. The increase in foreign exchange through increased exports. Job creation. Foreign direct investment (FDI) to the host country.
There are currently eight Export Processing Zones in Bangladesh run by Bangladesh Export Processing Zone Authority (BEPZA) : If you are interested in setting up your business in an EPZ, the Bangladesh Investment Development Authority (BIDA) will be pleased to advise you and introduce you to BEPZA .
What are the export processing zones run by BEPZA?
Below is the list of export processing zones run by BEPZA: Adamjee Export Processing Zone, Siddhirganj, Narayanganj Chittagong Export Processing Zone, South Halishahar, Chittagong Comilla Export Processing Zone, Cumilla Dhaka Export Processing Zone, Savar, Dhaka Ishwardi Export Processing Zone, Ishwardi, Pabna
What is the government doing to attract FDI in Bangladesh?
Bangladesh government also announced 50pc tax relief in Hi-Tech parks, Economic Zones. Government also encouraged building of private economic zone. Some are under construction and some are operational. Bangladesh government Establishing Science and technology based Economic zone to attract foreign FDI.
Which countries are investing in Bangladesh’s EPZs?
More than 30 countries including Japan, South Korea, Hong Kong, Thailand, Sri Lanka, China, Taiwan, Malaysia, Indonesia, Singapore, USA, UK, Australia, Canada, Germany, France, Italy, Sweden, Netherlands, Switzerland, India, and Pakistan have so far invested in different projects in the EPZs in Bangladesh.
