A free-trade zone (FTZ) is a class of special economic zone. 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. Free trade zones are generally organized around major seaports, international airports, and national frontiers—areas with many geographic advantages for trade.
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. The taxation rules and duties are determined by each country. The World Trade Organization (WTO) Agreement on Subsidies and Countervailing Measures (SCM) has content on the conditions and benefits of free zones.
Freeport is a city, district and free trade zone on the island of Grand Bahama of the northwest Bahamas. In 1955, Wallace Groves, a Virginian financier with lumber interests in Grand Bahama, was granted 20,000 hectares of pineyard with substantial areas of swamp and scrubland by the Bahamian government with a mandate to economically develop the area. Freeport has grown to become the second most populous city in the Bahamas.
A bonded warehouse, or bond, is a building or other secured area in which dutiable goods may be stored, manipulated, or undergo manufacturing operations without payment of duty. It may be managed by the state or by private enterprise. In the latter case a customs bond must be posted with the government. This system is widely used in developed countries throughout the world.
Jawaharlal Nehru Port, also known as JNPT and Nhava Sheva Port, is the second largest container port in India after Mundra Port. Operated by the Jawaharlal Nehru Port Trust Authority (JNPTA), it is located on the eastern shores of Arabian Sea in Navi Mumbai, Raigad district, Maharashtra. This port can be accessed via Thane Creek, a nodal city of Navi Mumbai. It is the main port of the Mumbai Metropolitan Region after Mumbai Port, also of Maharashtra and Western India. Its common name derives from the names of Nhava and Sheva villages that are situated here. It is also the terminal of the Western Dedicated Freight Corridor.
The Port of Barcelona is a major port in Barcelona, Catalonia, Spain. Its 7.86 km2 (3 sq mi) are divided into three zones: Port Vell, the commercial/industrial port, and the logistics port. The port is managed by the Port Authority of Barcelona, itself owned by the state-owned Ports of the State.
Ras Al Khaimah Free Trade Zone is a special economic zone in Ras Al Khaimah. RAK FTZ is around an hour drive from Dubai.
Mariel is a municipality and town in the Artemisa Province of Cuba. It is located approximately 40 kilometres (25 mi) west of the city of Havana.
Skypier Terminal is a cross-border facility that includes a ferry pier and a coach bay integrated within Hong Kong International Airport, Chek Lap Kok, New Territories, Hong Kong. It is operated by Hong Kong International Airport Ferry Terminal Services Limited, a joint-venture company between Chu Kong Passenger Transport Co., Ltd and Shun Tak-China Travel Ship Management Limited. At this building, passengers aboard can transit from Hong Kong International Airport to piers in the Pearl River Delta of Guangdong Province or vice versa, without immigration and customs clearance through Hong Kong. Passengers can also transit to Macao through coaches or vice versa, without immigration and customs clearance through Hong Kong.
The Free Economic Zone of Manaus is a free economic zone in the city of Manaus, the capital of the State of Amazonas, Northern Brazil. The initial idea, a free trade port in Manaus, came from Deputy Francisco Pereira da Silva and was subsequently formalized by Law No. 3.173 on June 6, 1957. The project was approved by the National Congress on October 23, 1951 under No. 1.310 and regulated by Decree No. 47.757 on February 2, 1960. It was then amended by rapporteur Maurício Jopper, engineer, who by agreement with the original author, justified the creation of a free economic zone instead of a free trade port.
Dubai International Airport Cargo Gateway, formerly Dubai Cargo Village, is an air cargo management facility located adjacent to the Dubai International Airport in Al Garhoud, Dubai, UAE. It is owned by the Dubai Airports Company. A similar facility is under construction at the Al Maktoum International Airport in Jebel Ali, 40 kilometres away from the present airport.
Port Lansing is a United States Port of Entry located at Capital Region International Airport in DeWitt Township, adjacent to Lansing, Michigan. The Port allows passengers and cargo to clear customs through a U.S. Customs and Border Protection Federal Inspection Station.
Port of Baku is a sea port located in the Bay of Baku, on the coast of the city of Baku, Azerbaijan. The main entrance faces the Neftchiler Avenue.
The Zona Franca de Iquique, known by the acronym Zofri, is located in the coastal port city of Iquique, in Iquique Province of the Tarapacá Region, northwestern Chile.
The Intergovernmental Agreement on Dry Ports is a 2013 United Nations treaty designed to promote the cooperation of the development of dry ports in the Asia-Pacific region. It was concluded under the auspices of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) and is open to ratification by any state that is a UNESCAP member.
A bonded logistics park is a type of special economic zone. Trade arrangements are similar to that of a bonded warehouse but over a specific geographic area. Sometimes with international port capabilities. Goods may be stored, manipulated, or undergo manufacturing operations without payment of duty.
Freeports in the United Kingdom are a series of government assigned special economic zones where customs rules such as taxes do not apply until goods leave the specified zone. The theoretical purpose of such freeports is to encourage economic activity in the surrounding area and increase manufacturing. Critics of such schemes, including the parliamentary opposition, see them as possible tax havens and open to money laundering.
