Talk:Special economic zone/Archives/2019
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A free-trade zone (FTZ) is a specific class of special economic zone. They are a geographic area where goods may be landed, handled, manufactured or reconfigured, and reexported without the intervention of the customs authorities. Only when the goods are moved to consumers within the country in which the zone is located do they become subject to the prevailing customs duties. Free trade zones are organized around major seaports, international airports, and national frontiers—areas with many geographic advantages for trade.[1] It is a region where a group of countries has agreed to reduce or eliminate trade barriers.
Wikideas1 (talk) 19:43, 4 November 2016 (UTC)
References
- ^ "Free-trade zone", Encyclopædia Britannica (page visited on 28 August 2016).