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Free economic zones ( FEZ ), free economic territories ( FETs) or free zones ( FZ) are a class of special economic zone (SEZ) designated by the trade and commerce administrations of various countries. The term is used to designate areas in which companies are taxed very lightly or not at all to encourage economic activity.
List of free economic zones. In special economic zones [1] [2] business and trades laws differ from the rest of the country. The term, and a number of other terms, can have different specific meanings in different countries and publications. Often they have relaxed jurisdiction of customs or related national regulations.
The World Free Zones Organization (World FZO) Atlas, curated by the World FZO Observatory, maps out all free zones and special economic zones around the world and provides insight into their industry focus and operations. Atlas is the flagship point of reference for free zones and the wider business community when establishing economic ...
Aug 6, 2021 · Update date - 2021-08-06 08:52:14. Free Zone. Although free zones are located within the political borders of the country in which they are located, they are regions that are considered outside the customs line in terms of foreign trade, taxation, and customs legislation.
Dec 21, 2023 · A free zone is an area where goods can be received and stored without paying duty. Learn more about the word history, usage and examples of free zone from Merriam-Webster dictionary.
Feb 28, 2023 · Learn about the economic policies, industries, and locations of China's 21 free trade zones, also known as special economic zones. Compare the benefits and incentives of each zone for foreign investors and traders.
A free-trade zone ( FTZ) is a class of special economic zone. [1] [2] It is a geographic area where goods may be imported, stored, handled, manufactured, or reconfigured and re- exported under specific customs regulation and generally not subject to customs duty.
