EPZs
How do EPZs attract investment from the transnational corporations (TNCs)?

EPZs (export processing zones) are designated areas that offer various incentives to foreign companies that are looking to invest in a region. These incentives often include lower corporate income tax, exemption from import and export duties, free repatriation of profits, and relaxed labor laws. These incentives make EPZs attractive to transnational corporations (TNCs) as they can establish their operations at a fraction of the normal cost, allowing them to enjoy higher profits. Additionally, EPZs are often located in areas with access to a well developed infrastructure, helping TNCs to minimize the cost of production and distribution. These factors make EPZs an attractive option for TNCs looking to establish operations in a new region.