free port

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Free Port

A port where ships can dock and unload goods without paying tariffs or other fees on those goods. The goods can be held duty-free at the free port for a certain period of time, though generally they must be re-exported at the end of the period. Free ports may be used to make final improvements on unfinished goods.

free port

see FREE TRADE ZONE.
References in periodicals archive ?
The Company's first joint venture was formed with China Merchant's Group, the local authority which controls the Shekou Industrial Zone, China's first established economic free zone, located near Hong Kong.
In addition, the EU states' experience of moving beyond a simple economic free zone and into a much more wide-ranging political union means that it has a far more technically advanced central bureaucracy, which is able to define and enforce its increasingly complicated rules, with well-trained staff reporting to a central body that has been fully entrusted by its member states to negotiate on their behalf.
DP World was recently awarded the concession to develop and operate the existing container terminal at Dakar and invest in a new container terminal at the city's Port du Futur, while the Jebel Ali Free Zone is developing a special economic free zone connected to Senegal's new Blaise Diagne Airport, which is currently under construction.
The Middle East is resplendent with economic free zones, but as competition increases, are these zones in danger of cannibalising customers from one another?
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