„Free Zone“

What does Free Zone stand for?

An area within a country (a seaport, airport, warehouse or any designated area) regarded as being outside its customs territory where importers may bring goods of foreign origin without paying customs duties and taxes, pending their eventual processing, transshipment or re-exportation.

Source:

Grainger, Nigel, et al (2002). “Logistics and Operations Management”. London: SAGE Publications. pp. 177-178.

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