Free Trade Zone
/ˌfriː ˈtreɪd zoʊn/
Definitions
- (n.) A designated area within a country where goods can be imported, handled, and re-exported without intervention from customs authorities.
Companies operating within a free trade zone benefit from reduced tariffs and simplified customs procedures.
- (n.) A geographic region established by a government to promote trade and investment through tax exemptions and regulatory relief.
The government established a new free trade zone to attract foreign investment.
Forms
- free trade zone
- free trade zones
Related terms
See also
Commentary
Free trade zones are often integral to international trade law and economic policy, providing practical benefits through legal frameworks that ease trade restrictions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.