Bangladesh has had notable advancements in the social, political, cultural, and economic spheres since gaining independence. To accelerate the country`s rapid economic expansion, notably through industrialization, the government adopted an `Open Door Policy` and took a variety of efforts to attract foreign investment. One such attempt was the BEPZA Act 1980, which finally led to the establishment of the Bangladesh Export Processing Zones Authority (BEPZA), the national body in charge of the establishment, management, and expansion of Export Processing Zones (EPZ).