EPZ in Bangladesh
Export processing zone
Type of free trade zone (FTZ), set up generally in developing countries by their governments to promote industrial and commercial exports. In addition to providing the benefits of a FTZ, these zones offer other incentives such as exemptions from certain taxes and business regulations. It is also called development economic zone or special economic zone.
An export processing zone is defined as a territorial or economic enclave in which goods may be imported and manufactured and reshipped with a reduction in duties / and/or minimal intervention by custom officials.
Open door policy
National trading policy where citizens and products of foreign countries receive equal treatment with domestic citizens and products.
Open Door, maintenance in a certain territory of equal commercial and industrial rights for the nationals of all countries. As a specific policy, it was first advanced by the United States.
open-door policy - the policy of granting equal trade opportunities to all countries
Most favored nation
Most favored nation status. An agreement between two nations to levy tariffs on each other at rates as low as those levied on any other country. If one of these nations reduces tariffs on a third country, all of that nation's MFN partners also receive that lower tariff rate.
A level of status given to one country by another and enforced by the World Trade Organization. A country grants this clause to another nation if it is interested in increasing trade with that country. Countries achieving most favored nation status are given specific trade advantages such as reduced tariffs on imported goods.
Special consideration is given to countries that are classified as "developing" by the World Trade Organization. Most Favored Nation Status
Definition: Most Favored Nation status is when a country enjoys all the lowered tariffs and reductions of trade barriers. It is conferred between two or more countries that have a
Type of free trade zone (FTZ), set up generally in developing countries by their governments to promote industrial and commercial exports. In addition to providing the benefits of a FTZ, these zones offer other incentives such as exemptions from certain taxes and business regulations. It is also called development economic zone or special economic zone.
An export processing zone is defined as a territorial or economic enclave in which goods may be imported and manufactured and reshipped with a reduction in duties / and/or minimal intervention by custom officials.
Open door policy
National trading policy where citizens and products of foreign countries receive equal treatment with domestic citizens and products.
Open Door, maintenance in a certain territory of equal commercial and industrial rights for the nationals of all countries. As a specific policy, it was first advanced by the United States.
open-door policy - the policy of granting equal trade opportunities to all countries
Most favored nation
Most favored nation status. An agreement between two nations to levy tariffs on each other at rates as low as those levied on any other country. If one of these nations reduces tariffs on a third country, all of that nation's MFN partners also receive that lower tariff rate.
A level of status given to one country by another and enforced by the World Trade Organization. A country grants this clause to another nation if it is interested in increasing trade with that country. Countries achieving most favored nation status are given specific trade advantages such as reduced tariffs on imported goods.
Special consideration is given to countries that are classified as "developing" by the World Trade Organization. Most Favored Nation Status
Definition: Most Favored Nation status is when a country enjoys all the lowered tariffs and reductions of trade barriers. It is conferred between two or more countries that have a