(redirected from Free trade zone)
Also found in: Financial, Acronyms, Wikipedia.


city (1990 pop. 25,115), Grand Bahama Island, Bahamas. A popular resort area, it developed out of a 1955 agreement between the Bahamian colonial government and a private development company to create a free port and business area. The venture was a rapid success, resulting in the additional development of resort facilities. A petroleum transshipment facility is there, as is an international airport.


1 City (1990 pop. 25,840), seat of Stephenson co., NW Ill., on the Pecatonica River; inc. 1850. It is a trade and manufacturing center in a fertile farm and dairy region. Among its manufactures are brass, aluminum, tires, and switches. Freeport was the scene of the second Lincoln-Douglas debate (1858), in which Douglas expounded his famous "Freeport doctrine." 2 Town (1990 pop. 6,905), including Freeport village, SW Maine, on Casco Bay; settled c.1700, incorporated 1789. The town is headquarters to the L. L. Bean mail-order company and the site of its flagship store and of factory-outlet stores. The Desert of Maine, a sandy, treeless wasteland and tourist attraction, is nearby. 3 Town (1990 pop. 39,894), Nassau co., SE N.Y., on the south shore of Long Island, a residential suburb of New York City; settled as a village c.1650, inc. 1892. It is a resort and a deep-sea fishing and oystering center, with access to the Atlantic Ocean through Jones Inlet. Jones Beach State Park is nearby. The town suffered significant damage from Hurricane Sandy in 2012. 4 City (1990 pop. 11,389), Brazoria co., SE Tex., on the Gulf of Mexico at the mouth of the Brazos River, on the Intracoastal WaterwayIntracoastal Waterway,
c.3,000 mi (4,827 km) long, partly natural, partly artificial, providing sheltered passage for commercial and leisure boats along the U.S. Atlantic coast from Boston, Mass. to Key West, S Fla., and along the Gulf of Mexico coast from Apalachee Bay, NW Fla.
..... Click the link for more information.
; inc. 1949. The center of a thriving ranching, oil, and natural gas producing region known as Brazosport, Freeport has large chemical and shrimping industries; its products include magnesium extracted from seawater and vitamins. New port facilities were opened in 1955, and historic Velasco was annexed in 1957. Beaches and deep-sea fishing facilities attract tourists.
References in periodicals archive ?
Azerbaijani President Ilham Aliyev signed a decree on March 17, 2016, on measures to create a Free Trade Zone type special economic area covering the territory of the Baku International Sea Trade Port in the Alat township of Baku's Garadagh district.
KARACHI -- Gwadar Free Trade Zone projects, which fall under the umbrella of the China-Pakistan Economic Corridor (CPEC), could be listed at the Pakistan Stock Exchange (PSX), a move aimed at helping Chinese investors raise funds for the endeavour.
WORKERS of the Onne Oil and Gas Free Trade Zone has petitioned the office of President Mohammad Buhari over what they claimed to be perceived high handedness of the Free Trade Zone (FTZ) by the Managing Director of the Oil and Gas Free Zones Authority (OGFZA), Mr Umana Okon Umana.
The Agreement introduces a new liberalisation measure of "implementing, on a pilot basis, a mutual recognition arrangement of certification and relevant testing business among Guangdong, Hong Kong and Macao in the China (Guangdong) Pilot Free Trade Zone, with a view to carrying out 'certified once, tested once, and results accepted by three places'".
TEHRAN (FNA)- Qeshm Free Trade Zone voiced its readiness to provide airport services to the passenger planes passing above Iran's sky.
Held at the headquarters of the Korean Chamber of Commerce and Industry, the Forum objective was to highlight and explore promising industrial, trade and investment opportunities by introducing the Khalifa Port Free Trade Zone, recently labelled as the the largest free zone in the Middle East, to the Korean market.
A project in a free trade zone obtains financial incentives, such as; no export duties, no imports duties, no duties on domestic components sold locally and reduced duties on non-domestic components sold also locally.
The President of the Republic of Azerbaijan Ilham Aliyev has received Sultan Ahmed bin Sulayem, DP World Group chief executive officer and chairman, Chairman of Ports, Customs and Free Zone Corporation (PCFC), during a visit to Baku, where DP World signed an advisory agreement with the Azerbaijan Ministry of Economy and the Port of Baku to develop a framework for the Alyat Free Trade Zone in Azerbaijan.
Abu Dhabi Global Market (ADGM) and Shanghai Free Trade Zone Authority (SHFTZA) today signed a Memorandum of Understanding in Shanghai to foster collaboration and facilitate business developments in their respective markets.
Shanghai, May 17 (ONA) The Omani business delegation led by Said bin Saleh al-Kiyumi, Chairman of the Oman Chamber of Commerce and Industry (OCCI) today visited the Enterprise Services Center of Shanghai Free Trade Zone in China.
Summary: The revenues of the free trade zone during January-September 2015 reached SYP 1.
There is also a free trade zone in Damascus and another one based at Damascus International Airport.