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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.
They can be ports or other large areas or smaller allocated areas. 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.
The World Free Zones Organization (World FZO) Atlas, curated by the World FZO Observatory, maps out all free zones and special economic zones around the world and provides insight into their industry focus and operations.
Free zones are generally established for the following purposes: · To encourage export-oriented investment and production, · To accelerate foreign direct investment and technology entry, · Directing businesses to export, · To develop international trade. Free Zone Incentives.
Free Zones, Free Trade Zones, Special Economic Zones. Become a Voting Member of the World FZO. – NO ANNUAL FEE –. Join Here. Get the industry's most powerful Insights, Resources and tools at your Fingerprints. Explore Membership Opportunities.
Free zones range from specific-purpose manufacturing facilities to areas where legal systems and economic regulation vary from the normal provisions of the country concerned. Free zones may reduce or eliminate taxes, customs duties, and regulatory requirements for registration of business.
A free trade area is a region in which several countries sign a free trade agreement and maintain little to no barriers to trade in the form of tariffs or quotas among one another. Free...