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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 ...
FTZ 32 was founded in 1979 and processes over $1 billion in goods with products from more than 65 countries and exported to more than 75 countries worldwide with speed and efficiency. According to the official order from the FTZB, FTZ 32 existing site 1, Miami Free Zone, will be classified as a magnet site. [17]
Istanbul Industry and Trade Free Zone (1995), DESBAS; Izmir Menemen Free Zone (1998), IZBAS; Rize Free Zone (1998) RIZBAS; Samsun Free Zone (1998) SASBAS; Istanbul Trakya Free Zone (1998) ISBAS; Kayseri Free Zone (1998) KAYSER; Adana Yumurtalik Free Zone (1998) TAYSEB; Avrupa Free Zone (1999) ASB; Gaziantep Free Zone (1999) GASBAS; Bursa Free ...
Montego Bay Free Zone (MBFZ) in Montego Bay was established in 1985 on a 95-acre (38 ha) site southwest of the city. It has 488,110 square feet (45,347 m 2 ) of factory/office space. An additional 103,000 square feet (9,600 m 2 ) of space is being added specifically for information technology.
Positive results from the Jordanian led to the Government of Egypt negotiating a QIZ protocol in Cairo on 24 December 2004 that came into effect in February 2005. USTR has designated three QIZs in Egypt – the Greater Cairo Zone, the Alexandria Zone, and the Suez Canal Zone (69 CFR 78094). On 4 November 2005, the USTR designated a fourth zone ...
The European Union, in 2020, introduced new stricter rules to identify and report suspicious activities at free ports and zones in response to the "high incidence of corruption, tax evasion, and criminal activity", with a further review to take place in the following year, The European Parliament suggested that increasing demand for free ports ...
A Colombian handbag designer has been sentenced to 18 months in prison after federal prosecutors said she illegally smuggled handbags made from caiman and python skin — both protected species ...
On 11 August 2020, Kingstone Companies, Inc. has confirmed that the U.S. District Court for the Southern District of New York today denied the defendant's request to withdraw the amended lawsuit in the putative shareholder class action litigation initially brought in 2019 against the corporation and several existing and former officers and directors.