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 Foreign-Trade Zone Corporation is the only nationally recognized consulting firm with a practice focused on Foreign Trade-Zone consulting.
The annual NAFTZ report, The Impact of Foreign-Trade Zones on the 50 States & Puerto Rico, tracks the economic impact of U.
The Georgia Foreign-Trade Zone (GFTZ) establishes and maintains federally approved Foreign-Trade Zones (FTZ) in Georgia, enabling individuals or companies to import merchandise to specified sites without going through formal customs entry procedures or paying import duties.
The value of exports from America's Foreign-Trade Zones (FTZs) increased by 24.
An application has been submitted to the Foreign-Trade Zones Board by Baxter Healthcare Corp.
Foreign-Trade Zones Board in June, the state Economic Development Authority expanded the area of one of West Virginias two foreign trade zones to 18 counties.