Section 43: Activities permitted in export processing zones

(1) A business enterprise in an export processing zone has the right to produce any type of goods and services for export as provided under this Act. (2) The activities which may be carried out within an export processing zone are manufacturing, commercial and service activities. (3) The activities referred to in subsection (2) shall be carried out under the following conditions- (a) business ventures shall principally be based on new investment and modem technologies; (b) the origin and quality of raw materials, semi-finished products and finished products shall be ascertainable and controllable; (c) the operations shall not endanger the public security and public health in the exporting processing zone; and (d) an operator in an export processing zone shall insure the capital assets and employees against any type of risk, arising out of the operations. (4) Any person who contravenes subsection (3) commits an offence and is liable, on conviction, to a fine not exceeding forty-eight currency points or to imprisonment for a term not exceeding two years, or both. (5) An enterprise may change its production lines and process as often as it considers it necessary, subject to prior approval of the Board. (6) A licence shall not be granted for the carrying on of a business of banking or insurance unless the applicant is registered under the relevant banking or insurance law respectively.