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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 ...
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 ...
Batam, officially the City of Batam (Indonesian: Kota Batam, not to be confused with Batam Kota, a district within this city), is the largest city in the Indonesian province of Riau Islands. The city administrative area covers three main islands of Batam, Rempang and Galang (collectively called Barelang ), as well as Bulang to the west and ...
Batam is a tax free export zone rather than a free port, therefore much industry is limited to international exports. Batam has also become an alternate air transport hub as Java's airports are congested. Some 62,000 Singaporeans visited Batam in January 2012, compared with stronger links to Johor, some 70,000 daily. [2]
Hulu Klang Free Trade Zone (Statchippac, Texas Instrument) Kulim Hi-Tech Park, Kedah; Melaka Batu Berendam Free Trade Zone (Texas Instrument, Dominant Semiconductor, Panasonic) Pasir Gudang Free Trade Zone, Johor; Port Klang Free Zone, Klang, Selangor; Sungai Way Free Trade Zone (Western Digital, Free Scale, etc.)
It was created on October 23, 2009 through RA 9728 where the agency originally partially operated and managed the zone from October 2009 to June 29, 2010 when Philippine Economic Zone Authority (PEZA) stil had ongoing plans and programs over the zone and then took over the zone's full operations and management from PEZA on June 29, 2010 which ...
Free trade areas between groups of countries, such as the European Economic Area and the Mercosur open markets, establish a free trade zone among members while creating a protectionist barrier between that free trade area and the rest of the world.
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.