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free-trade zone

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free-trade zone

Area within which goods may be landed, handled, and re-exported freely. The purpose is to remove obstacles to trade and to permit quick turnaround of ships and planes. Only when the goods are moved to consumers within the country in which the zone is located do they become subject to tariffs and customs regulation. Free-trade zones are found around major seaports, international airports, and national frontiers; there are more than 200 such zones in the U.S. alone.
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Aa "The new free-trade zone next to the Sohar port is currently being developed to attract more projects," said Commerce and Industry Minister Makboul bin Ali bin Sultan.
Oman seeks $7.8 billion foreign investment by The Daily Star (Beirut, Lebanon)
Sixteen Asian nations representing nearly half the world's population will step up studies into a free-trade zone stretching from China to Australia, according to documents obtained by AFP .
Asia steps up efforts towards huge free-trade zone by AFP / AFP Asian Edition
Sixteen Asian nations will step up investigations into establishing a giant free-trade zone stretching from China to Australia, according to documents obtained by AFP on Friday.
Asia steps up push towards huge free-trade zone by AFP / AFP Global Edition
 
 
 
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