BANGLADESH EPZS AS AN EXAMPLE FOR DEVELOPMENT OF RUSSIAN MECHANIC ENGINEERING

• Main Author: P. P. Bogdanenko
• Format: Article
• Language: Russian
• Published: Nauka 2016-04-01
• Series: Modernizaciâ, Innovaciâ, Razvitie
• Subjects: export processing zone (epz); bangladesh; investments; competitiveness; diversifi cation; residents; bangladesh export processing zone authority (bepza); foreign direct investment (fdi); tax incentive; special economic zone (sez); customs stimulus; mechanic engineering
• Online Access: https://www.mir-nayka.com/jour/article/view/250
• ISSN: 2079-4665; 2411-796X

The subject of the article is export processing zones of Bangladesh, which may become a sample for development of mechanic engineering in Russia. Export processing zone, as a kind of special economic zones, is a quite useful tool for the country's economy. They allow reaching a number of government objectives: increase employment, attract investment and enhance volume of collected taxes. In addition to the direct eff ect, the emergence of export processing zones has indirect impact on the economy by increasing purchases from suppliers by SEZ residents. Providing tax and customs benefi ts to residents, the state puts companies outside the zones at a disadvantage. However, to counter this, state imposes restrictions on admission of products of resident companies on domestic market. These restrictions may relate to establishment either of a certain percentage of products that can be delivered freely on the internal market or share that can be delivered after payment of customs duties and taxes. The purpose of this work is to show the results of Bangladesh EPZs and to present basic directions of development for such zone specialized in mechanic engineering in Russia. The methodological base of the research is comparative analysis, cause-eff ect relationships, as well as historical method. In this article the author analyzes the experience of creation of export processing zones in Bangladesh, where they are suffi ciently proven: new jobs and enterprises have been created - investments to these zones account for a signifi cant share of total investments to the country. Moreover export of Bangladesh has increased signifi cantly. At the same time the goal for diversifying the country industry has not been met: textile is the main branch is in these zones. At the article the author points to the possibility of using this experience in Russia in terms of mechanic engineering. Availability of qualifi ed personnel, training base, transfer of production from Europe, weakened national currency, government's desire to diversify Russian export may be crucial to attract investments to such Russian zones.