free trade zone
Duty-waived commerce region
A free trade zone is a designated area where goods can be imported, stored, and re-exported with reduced or no customs duties and tariffs.
Countries establish these zones to attract foreign investment and stimulate trade: The port operates as a free trade zone.
Also called a foreign trade zone or free zone.
- tariffTax on traded goods
- customs clearanceFormal import approval procedure
- customs dutyTax on imported merchandise
- entrepôtTransit storage for trade
- ShenzhenSouthern Chinese metropolis
Hong Kong · customs union · global supply chains · industrial park · NAFTA · port · container ship · customs law · port of entry · open market · economic integration · tax incentives · offshore · shipping · goods · import export · investment · border
- portsport, seaport, harbor, seaports, harbors
- zonesterritory, district, DMZ, Korean DMZ, neutral territory
- Chinese Commerceexport, import, tariff, wholesale, factories
- Freight Hubsdistribution center, fulfillment center, freight terminal, cargo terminal, shipping hub
- industrial zonesindustrial park, industrial estate, industrial corridor, manufacturing hub, heavy industry
- international agreementstreaty, defense pact, climate accord, economic union
free trade zoneautarky
Complete economic independence
protectionism · economic embargo · economic nationalism · mercantilism · import substitution
free, trade, freedom, zone, freed, freeing, freely, trader, trading