free trade zone
Frequency: 8.522.1 per million words
Refers to a specific geographic area where goods may be landed, handled, manufactured, or reconfigured, and re-exported without the intervention of the customs authorities.
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Examples (10)
- The government designated a new free trade zone near the port to attract investors.
- Goods enter the free trade zone duty-free and can be re-exported after processing.
- Our company set up a warehouse inside the free trade zone to streamline customs clearance.
- The city plans to expand its free trade zone next year to include the airport.
- Manufacturers operating in the free trade zone benefit from simplified regulations and tax incentives.
- She proposed turning the old docks into a free trade zone to boost employment.
- We toured the free trade zone and met firms assembling electronics for re-export.
- If approved, the bill would create a nationwide network of free trade zone sites.
- During the pandemic, the free trade zone remained a critical logistics hub for medical supplies.
- Startups in the free trade zone report faster time-to-market than those outside.