Export capacity building up throughout South-East Asia
Op-Ed Commentary: Chris Devonshire-Ellis
As global manufacturing starts to spread its tentacles across Asia, Export Processing Zones – once the sole preserve of China – are springing up all over. Conceived as ideal for emerging markets as they help develop worker skill sets and begin the development of supply chain infrastructure, they are also popular with foreign investors as they negate the need to import directly into the host country (avoiding import duties) and assist with being able to deliver a cost-effective product by offering VAT rebates on any locally sourced components.
Here we list ten of Asia’s most dynamic Export Processing Zones – and almost certainly most you will not yet have heard of. That maybe about to change…as even Myanmar gets in on the act with its Thilawa EPZ to be completed in 2015 with significant investment from Japan.