LEGAL ASPECTS OF INTL BUSINESS Assignment Example | Topics and Well Written Essays - 250 words - 3

LEGAL ASPECTS OF INTL BUSINESS - Assignment Example Some of the criteria for evaluating foreign investment proposal include: conformity of the document package with the requirements provided, conformity of the investment project and the priorities of the host country, ability to contribute to positive effect on the economy, conformity of the project to internationally accepted definition of investment project, and the quality of investment project. The types of free zone include the Free Trade Zone, the Free Port, and the Processing Export Zone (EPZ). A Free Trade Zone is a geographical area where trade flows are permitted and unrestricted. A Free Port is a Free Zone that is specifically linked to a seaport or airport (The Meneren Corporation 2005). Export Processing Zone is an area in which foreign firms produce goods for export and receive special incentives. A bonded is a restricted building or secured area where goods may be stored, manufactured, and transformed free of duty. The ownership rights of such areas or building may be possessed by the state or private enterprise. Once the goods enter the warehouse, the importer and the owner of the warehouse incur liability under a