Free Trade Zone

Free Trade Zone
   A designated area within a country in which businesses can operate free of customs duties or currency restrictions. Profits are usually tax-free for a set period. Also known as a free trade processing zone and a foreign trade zone.

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free trade zone UK US noun [C] (ABBREVIATION FTZ, also free zone, free port) ECONOMICS, COMMERCE
a special area within a country where foreign companies can import materials, manufacture goods, export products, etc. without being limited by the usual rules and taxes: »

The island was designated a free-trade zone in the hopes of attracting foreign investment.

Compare FREE TRADE AREA(Cf. ↑free trade area)

Financial and business terms. 2012.

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Look at other dictionaries:

  • Free trade zone — A free trade zone (FTZ) or export processing zone (EPZ) is one or more special areas of a country where some normal trade barriers such as tariffs and quotas are eliminated and bureaucratic requirements are lowered in hopes of attracting new… …   Wikipedia

  • free-trade zone — foreign trade zone. See free port (def. 1). Abbr.: FTZ * * * Area within which goods may be landed, handled, and re exported freely. The purpose is to remove obstacles to trade and to permit quick turnaround of ships and planes. Only when the… …   Universalium

  • free-trade zone — noun : foreign trade zone * * * foreign trade zone. See free port (def. 1). Abbr.: FTZ …   Useful english dictionary

  • free trade zone — See foreign trade zone …   Black's law dictionary

  • free trade zone — See foreign trade zone …   Black's law dictionary

  • free trade zone — area in which there is unrestricted trade among nations without the imposition of government tariffs or customs duties on imports …   English contemporary dictionary

  • Colón Free Trade Zone — The Colón Free Trade Zone is a gigantic entity at the Atlantic gateway to the Panamá Canal, dedicated to re export an enormous variety of merchandise to Latin America and the Caribbean. It is also the largest free zone in the Americas and second… …   Wikipedia

  • Ras Al Khaimah Free Trade Zone — (RAK FTZ) Rechtsform Trade Zone Gründung 2000 Sitz …   Deutsch Wikipedia

  • North Waigaoqiao Free Trade Zone Station — 外高桥保税区北站 Location Province Shanghai (See other sta …   Wikipedia

  • Waigaoqiao Free Trade Zone (North) (Shanghai Metro) — Waigaoqiao Free Trade Zone (North) is a station on Shanghai Metro Line 6. It began operation on December 29, 2007. It is located in the Waigaoqiao Free Trade Zone at Yanggao Road (North).Shanghai Metro line6=yes …   Wikipedia

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