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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 ...
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 ...
1937 poster celebrating the United States' first foreign trade zone, Staten Island In the United States, a foreign-trade zone (FTZ) is a geographical area, in (or adjacent to) a United States port of entry, where commercial merchandise, both domestic and foreign, receives the same Customs treatment it would if it were outside the commerce of the United States.
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 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 .
Port Klang Free Zone (PKFZ) is a 1,000-acre (4.0 km 2) commercial and industrial zone established in 2004 in Malaysia. [1] It is a regional distribution hub as well as a trade and logistics centre offering extensive distribution and manufacturing facilities. It is located along the Straits of Malacca, Port Klang, Klang, Malaysia.
Shanghai Free-Trade Zone [note 1] (Shanghai FTZ or SFTZ), officially China (Shanghai) Pilot Free-Trade Zone, [note 2] is a free-trade zone in Shanghai, China.On 22 August 2013, the State Council approved the establishment of the zone.
The center is designed as an integrated transshipment hub within a Free Commercial Zone. Fueled by high economic growth in the South East Asian countries and China, the airport handled 672,888 tonnes of air cargo in 2006, a 5.9% growth over the 2005 fiscal year.