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A free trade zone is normally established in a single country, although there are a few exceptions where a free zone may cross a national border, such as the Syrian/Jordanian Free Trade Zone. [21] Free trade areas are set up between countries; for example, the Latin America Free Trade Association (LAFTA) was created in the 1960 Treaty of ...
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.
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.)
Tanjung Langsat is a main industrial area and port in Pasir Gudang, Johor Bahru District, Johor, Malaysia. [ 1 ] An onshore oil terminal was constructed at the area, with a total oil-storage capacity of 530 000m³ installed by March 2010.
At 2015, the administration zone of Pasir Gudang Municipal Council was increase from 29,459.9ha to 31,732.24ha following the re-delineation exercise. [6] This brought Masai and Bandar Seri Alam become a part of Pasir Gudang. [7] On 22 November 2020, it was granted the city status and henceforth changed its name to Pasir Gudang City Council.
Johor Port (Malay: Pelabuhan Johor) is a port in Pasir Gudang, Johor, Malaysia, built in 1977. [1] It is an integrated multi-purpose port facility providing bulk cargo, container and general cargo services. [2] It is the world's largest palm oil terminal and ranks third globally in terms of LME cargo volume. [2]
A common market is seen as a stage of economic integration towards an economic union [8] or possibly towards the goal of a unified market.. A single market is a type of trade bloc in which most trade barriers have been removed (for goods) with some common policies on product regulation, and freedom of movement of the factors of production (capital and labour) and of enterprise and services.