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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. The term is used to designate areas in which companies are taxed very lightly or not at all to encourage economic activity .
See also: List of special economic zones and List of free-trade zones In special economic zones business and trades laws differ from the rest of the country. The term, and a number of other terms, can have different specific meanings in different countries and publications. Often they have relaxed jurisdiction of customs or related national regulations. They can be ports or other large areas ...
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.
The exclusive economic zone of Italy shown in green. Italy has the world's 48th largest exclusive economic zone (EEZ), with an area of 541,915 km 2 (209,235 sq mi). [1] It claims an EEZ of 200 nmi (370.4 km; 230.2 mi) from its shores, which has long coastlines with the Tyrrhenian Sea to the west, the Ionian Sea to the south and the Adriatic Sea to the east.
An Italian village in one of the world’s few “blue zones” is offering villas for $1 to Americans who were sent into a tailspin after Donald Trump's decisive presidential election win.
The Kaunas Free Economic Zone (FEZ) or Kaunas FEZ (Lithuanian: Kauno laisvoji ekonominė zona) is a free economic zone near Kaunas, Lithuania.It is a 534 hectare industrial development area which offers favorable and smaller taxes for production or logistics companies which invest at least 1 million euros or service companies which invest more than 100 thousand euros and employ over 20 people.
JJ Peterka scored the lone shootout goal, and the Buffalo Sabres beat the Calgary Flames 3-2 on Saturday. Tage Thompson and Zach Benson scored first-period goals, and the Sabres earned their third ...
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