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free-trade zone |
Also found in: Acronyms, Wikipedia | 0.03 sec. |
free-trade zoneArea 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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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one each in Mexico and England, and two existing plants in the Suzhou free-trade zone. 5% import tax that was designed to shield member nations from excess imports entering the free-trade zone during the Asian financial crisis of the late 1990s. Syria and Saudi Arabia signed a free-trade zone agreement on the sidelines of a joint commission meeting in Riyadh on Feb. |
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