Walvis Bay Export Processing Zone

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The Walvis Bay Export Processing Zone (WBEPZMC) is a free trade zone in the coastal city of Walvis Bay, Namibia. Rather than being a specific area or complex, the Zone encompasses the entire city. The Walvis Bay EPZ was opened in 1996, two years after the city rejoined Namibia.A free trade zone (FTZ) or export processing zone (EPZ) is an area of a country where some normal trade barriers such as tariffs and quotas are eliminated and bureaucratic requirements are lowered in hopes of attracting new business and foreign investments. It is a region where a group of countries has agreed to reduce or eliminate trade barriers. Free trade zones can be defined as labor intensive manufacturing centers that involve the import of raw materials or components and the export of factory products.