free customs zone
1free-trade zone — foreign trade zone. See free port (def. 1). Abbr.: FTZ * * * 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… …
2Free Trade Zone — A designated area within a country in which businesses can operate free of customs duties or currency restrictions. Profits are usually tax free for a set period. Also known as a free trade processing zone and a foreign trade zone. * * * free… …
3Free economic zone — Many countries have, or have had at some time, designated areas where companies are taxed very lightly or not at all to encourage development or for some other reason. These are known as free economic zones. Sometimes they are called free ports,… …
4free trade zone — area in which there is unrestricted trade among nations without the imposition of government tariffs or customs duties on imports …
5free trade zone — /fri: treɪd ˌzəυn/ noun an area where there are no customs duties …
6free trade zone — /fri: treɪd zəυn/ noun an area where there are no customs duties …
7free zone — free zone, free warehouse EU Customs Glossary A territory or premises situated in the customs territory where EU Customs Glossary • import duties and commercial policy measures are suspended for non Community goods, and EU Customs Glossary •… …
8Free port — A free port (porto franco) or free zone (US: Foreign Trade Zone) is a port or area with relaxed jurisdiction with respect to the country of location. Free economic zones may also be called free ports. Most commonly a free port is a special… …
9customs union — an association of independent nations or tariff areas created to remove customs barriers between them and to adopt a uniform tariff policy toward nonmember nations. * * * Trade agreement by which a group of countries charges a common set of… …
10zone — ▪ I. zone zone 1 [zəʊn ǁ zoʊn] noun 1. [countable] a large area that is different from others around it in some way: • This is a no parking zone. • 90% of non smokers want smoke free zones at work and in public places. 2. licence free/passport… …
