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Kuwait's free trade zone (FTZ) was formally established in 1999 to expand businesses and lure the export industry. The zone was located in the western part of the commercial port of Shuwaikh. It was the only free trade zone in the country. In 2019, the Council of Ministers cancelled the free-zone, leaving Kuwait without a special economic zone ...
Terms include free port (porto Franco), free zone (zona franca), bonded area (US: foreign-trade zone), free economic zone, free-trade zone, export processing zone and maquiladora. Most commonly a free port is a special customs area or small customs territory with generally less strict customs regulations (or no customs duties or controls for ...
Hulu Klang Free Trade Zone (Statchippac, Texas Instrument) Kulim Hi-Tech Park, Kedah; Melaka Batu Berendam Free Trade Zone (Texas Instrument, Dominant Semiconductor, Panasonic) Pasir Gudang Free Trade Zone, Johor; Port Klang Free Zone, Klang, Selangor; Sungai Way Free Trade Zone (Western Digital, Free Scale, etc.)
The U.S. foreign-trade zones program was created by the Foreign-Trade Zones Act of 1934. The Foreign-Trade Zones Act was one of two key pieces of legislation passed in 1934 in an attempt to mitigate some of the destructive effects of the Smoot-Hawley Tariffs, which had been imposed in 1930. The Foreign-Trade Zones Act was created to "expedite ...
Free economic zones (FEZ), free economic territories (FETs) or free zones (FZ) are a class of special economic zone (SEZ) designated by the trade and commerce administrations of various countries. The term is used to designate areas in which companies are taxed very lightly or not at all to encourage economic activity .
Free trade areas between groups of countries, such as the European Economic Area and the Mercosur open markets, establish a free trade zone among members while creating a protectionist barrier between that free trade area and the rest of the world.
Each Free Zone is designed around one or more industry categories and only offers licenses (e.g. for a Free Zone Enterprise (FZE)), to companies within those categories. Most of the free zones in Dubai broadly offer trading, services, and industrial licenses to investors looking to set up their businesses.
Ajman Free Zone (AFZA) (Arabic: منطقة عجمان الحرة) is a free trade zone and one of the designated freezones located in Ajman, United Arab Emirates (UAE).First established in 1988, it is one of a number of unbonded free zones in the UAE offering offshore company setup and operation to investors.
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