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 National Association of Foreign-Trade Zones works to inform on and expand the opportunities that the Foreign-Trade Zones program offers to companies doing business in or with the United States.
International companies located in Ohio realize all the benefits of locating in a Foreign-Trade Zone, along with a lower cost of doing business with easy access to profitable markets, a central location and world-class logistics infrastructure.
Foreign-Trade Zones (FTZs) were created in the United States to provide special customs procedures to U.
is participating in the foreign-trade zone after an FTZ site boundary modification.
Thinking about the future of his company, Schiltz observed, "Since we both import and export products used in our manufacturing, the advantages of the Foreign-Trade Zone will work very well for us.
The FTZ Board's latest report confirms that the program continues to be a vital component of America's trade policy," said Daniel Griswold, President of the National Association of Foreign-Trade Zones.
27, 2014 /PRNewswire/ -- The value of exports from America's Foreign-Trade Zones (FTZs) increased by 13.
WASHINGTON, May 19, 2014 /PRNewswire/ -- Joining with free-trade zones and associations from around the world to promote trade, development, and the rule of law, the National Association of Foreign-Trade Zones participated today in launching the World Free Zones Organization at a public event in Dubai, United Arab Emirates.
Exports from Zones Show 148 Percent Increase over 2009 Recession Low, According to Foreign-Trade Zones Board's Annual Report to Congress
WASHINGTON -- National Association of Foreign-Trade Zones (NAFTZ) President Willard M.