free port

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Related to Foreign Trade Zone: FTZ

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 ?
Rechler Equity Partners, the largest owner and operator of commercial properties on Long Island, announced plans for the development of three parcels that, when combined, offer 119,000 s/f of industrial/flex space within the Islip Foreign Trade Zone (FTZ).
Mayor John Christian stated The foreign trade zone will give the city of Leesburg another tool to help business at the international airport and to expand economic development in our city and throughout Lake County.
The DFW Airport Foreign Trade Zone also manages trade zone sub-sites in six counties around the Dallas/Fort Worth area, including Dallas, Tarrant, Kaufman, Denton, Collin and Grayson.
CONTACT: Steven Olinek of the Greater Detroit Foreign Trade Zone, 313-331-3842/
Similar to bonded warehouses, the benefits of a foreign trade zone extend beyond ensuring product quality prior to distribution in the U.
Letters of interest or support from qualified companies strengthen a city's application," said Dennis Puccinelli, the Acting Director of Foreign Trade Zones at the Department of Commerce.
Croci said the Foreign Trade Zone has additional space available and is continuing to seek businesses to locate in the zone.
The foreign trade zone reduces or eliminate quotas on goods and does not require repacking of exports for foreign sale, officials said.
Department of Commerce recently approved expansion of the Port Freeport Foreign Trade Zone to include two sites along U.
Its developments include corporate headquarters, landmark properties, multi-use urban complexes, distribution facilities, suburban office and industrial parks, and foreign trade zones.
Palmdale's foreign trade zone can reduce, defer or eliminate federal government fees charged to U.
In addition, its status as part of an officially designated Foreign Trade Zone in the Homestead Park of Commerce makes ParkSouth an ideal cost-saving option for many companies.
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