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HUM 3710 mod 83 QUESTION SET

Apart from job opportunities, the port could leverage on the FCZ status to entice investors around the world to conduct value-added activities such as break-bulking, grading, repackaging, relabelling, transit and re-export. With the establishment of the FCZ in NBCT, foreign companies will be able to use the facilities before exporting their products overseas. This will also benefit Penang Port in the long run through the exempt of customs duty, excise duty, sales tax and service tax except for certain goods. In addition, the local workforce and port operations will be much more efficient once the facilities are upgraded; cutting-edge technologies are implemented and introduced to cater to the foreign investors.

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