It allows certain specified goods to be imported for processing or incorporation into finished products at the rate of Customs duty that would be applicable to the finished product, that is, zero, instead of the rate for the imported goods.

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Itochu will acquire the global processing operations for canned goods and packaged juices, and the Asian fresh fruits production and sales business.

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It set up Asia's first export-processing area in 1965 at Kandla, in Gujarat, to provide goods for the then Soviet Union.

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These export-processing zones provided for duty-free entry and duty-free exit for export-oriented goods and helped in the transfer of technology and skill to the developed countries.

CNN: Thai Inquiry