Pronunciation: [ˈɛpzə] (IPA) 
The word "EPZA" is spelled as /ɛpzɑː/. The first sound, represented by the symbol /ɛ/, is the short "e" sound that is similar to the sound in the word "bed". The second sound /p/ makes the "p" sound, followed by the sound /z/ which is similar to the "z" sound in "zoo". The final sound is /ɑː/, which makes the long "a" sound as in "car". Together, these sounds make up the spelling of the word "EPZA".
EPZA stands for Export Processing Zone Authority. It is a term used to refer to a governmental institution or agency in several countries around the world, responsible for overseeing the establishment and administration of export processing zones (EPZs) within their respective territories.
An EPZA is typically set up by a government to attract foreign investment and promote economic development by creating designated areas or zones within its jurisdiction where businesses can operate with certain incentives and benefits. These zones are established with the intention of promoting exports, generating employment opportunities, and fostering technological advancements.
The primary role of an EPZA is to provide a conducive business environment for companies operating within the EPZs. This involves creating streamlined procedures for setting up businesses, providing infrastructure and utilities such as roads, electricity, water supply, and telecommunication services, and offering various incentives such as tax breaks, customs duty exemptions, and simplified export-import procedures.
EPZAs often work closely with other government agencies, including customs, labor, and immigration departments, to ensure smooth operations within the EPZs and facilitate trade and investment. They may also provide advisory services, training programs, and technical assistance to assist companies in their operations and help them comply with regulations and export requirements.
