Export Processing Zone (EPZ) Concepts

Raymond Mana discusses the movement of goods in and out of Namibia's Export Processing Zones (EPZs). EPZs are areas within Namibia but considered outside its customs territory, allowing certain activities with minimal formalities. The zones are defined by the Export Processing Zone Act of 1995. Currently, 18 enterprises operate under the EPZ Act, enjoying benefits until 2025. Customs controls the movement of goods to ensure compliance with regulations. The objectives of EPZs include promoting export manufacturing, increasing employment, expanding export earnings, attracting investment, and encouraging technology transfer.

What is the Export Processing Zone (EPZ) considered in terms of Namibia's Customs territory?

• Inside the Customs territory

• Partially inside the Customs territory

• Outside the Customs territory

• Not related to the Customs territory

Who declares an area as an EPZ in Namibia?

• The President of Namibia

• The Minister of Finance

• The Minister of Industrialization and Trade

• The Customs Department

Under which act are the EPZs governed?

• Export Processing Zone Act No. 9 of 1995

• Customs Act of 2000

• Trade Facilitation Act of 1998

• Industrialization Act of 1992

How many registered enterprises are currently operational within the EPZ?

• 25

• 18

• 10

• 30

What is the role of Customs in the EPZ?

• To control the movement of goods

• To manage industrial investments

• To promote trade

• To provide financial incentives

Until what date are the benefits under the EPZ Act available?

• 31 December 2024

• 31 December 2025

• 31 December 2023

• 31 December 2026

What is one of the main objectives of establishing the EPZ?

• To attract export manufacturing

• To increase import tariffs

• To reduce foreign investment

• To limit technological transfer

Which of the following is a purpose of the EPZ?

• To decrease industrial employment

• To reduce management skills

• To expand export earnings

• To restrict foreign investment

How does the EPZ aim to benefit Namibian people?

• By increasing import duties

• By reducing taxes

• By creating industrial employment

• By limiting exports

What is encouraged through the EPZ in terms of skills?

• Decrease in management skills

• Limitation of technological skills

• Development of management and labor skills

• Reduction of labor skills