Author Question: In China, export processing zones can only be established within existing economic and technological ... (Read 93 times)

Yolanda

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In China, export processing zones can only be established within existing economic and technological development zones.
 
 Indicate whether the statement is true or false

Question 2

In many developing countries, even in countries with a greater access to hard currency (primarily due to the export of natural reserves), governments actually mandate countertrade as a form of payment for firms purchasing imported goods.
 
 Indicate whether the statement is true or false



blakcmamba

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Answer to Question 1

T
EPZs are established only within existing economic and technological development zones.

Answer to Question 2

T
Governments use countertrade as a way of improving trade deficits and supporting developing industries. Even in countries with a greater access to hard currency, governments do not wish to remain dependent on one or two industries (e.g., petrol and diamonds) and continue to mandate countertrade arrangements.



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