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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 ...
Our facility near Chennai's sea gateways is dedicated to facilitating Foreign Trade and Warehousing Zone (FTWZ).Our Astromar Free Trade Warehousing Zone (FTWZ) in India boasts top-notch warehouses and cutting-edge material handling equipment, Explore the benefits of smooth international trade with our Free Trade Warehousing Zone (FTWZ) services ...
Free-trade zones can also be defined as labor-intensive manufacturing centers that involve the import of raw materials or components and the export of factory products, but this is a dated definition as more and more free-trade zones focus on service industries such as software, back-office operations, research, and financial services.
A free trade area is the region encompassing a trade bloc whose member countries have signed a free trade agreement (FTA). Such agreements involve cooperation between at least two countries to reduce trade barriers, import quotas and tariffs, and to increase trade of goods and services with each other.
A multilateral free trade agreement is between several countries all treated equally, and creates a free trade area.Every customs union, common market, economic union, customs and monetary union and economic and monetary union is also a free trade area, and are not included below.
Navoi Free Industrial Economic Zone - The Navoi Free Industrial Economic Zone was created on December 2, 2008 in the Navoi region of the Republic of Uzbekistan to attract foreign investment. [60] Jizzakh high-tech industrial park - Uzbekistan and China are working together to jointly establish a SEZ in the central Uzbek city Jizzakh. This high ...
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.
European Free Trade Zone (EFZ) (www.asb.com.tr), Istanbul-Leather and Industrial Free Zone (www.desbas.com.tr) and Aegean Free Zone (www.esbas.com.tr) are one of the most active and largest Free Zones in Turkey. Free Zones offer ready offices, warehouses, open stock areas, production facilities for rent or sale and lands with ready infrastructure.