free port

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Related to free zone: Free trade zone

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 ?
He stressed that the growth witnessed by the free zone in attracting
This is not a right statement to accuse free zones of providing a route for imports.
Nasr confirmed that the New Investment Law kept private free zones within the framework of their importance, explaining that the most important thing for the Investment Law and its executive regulation is to activate it.
The report estimates that in 2015 free zones contributed $55 billion to the Islamic economy, valued at $1.
Shaikh Hamdan expressed his confidence that the 2nd Annual International Conference of Free Zones, will contribute positively to the revitalisation of investment and commercial activity, not only in the UAE but also at the regional level, and hence will serve our national economy and other countries' national economies.
The recently launched new strategic identity of Ajman Free Zone reflects an ambition to become well-positioned for long-term success, both locally and globally.
If they are located on the mainland outside of the free zones, then you may wish to set up both a free zone business and find a local partner to have access to the wider market.
He added that the total weight of goods manufactured in the free zones for the month of June totaled 9 thousand tons.
Free zone companies with an industrial licence are not eligible to obtain certificates of origin and value added certificates from the MoE for their goods and, therefore, such entities are by default not eligible for the customs duty exemptions under the GCC Customs Law and the GAFTA.
Sheikh Engineer Mohammed bin Hamad bin Saif Al Sharqi, Director of the Department of E-Government; Saleh Al Abdooli, Etisalat UAE CEO; Sharif Habib Al Awadhi, Director General of the Fujairah Free Zone and Abdul Aziz Taryam, CEO Advisor attended to the signature.
Investors met with representatives of the Ajman Free Zone, and discussed the opportunities available in one of the emerging free trade zones in the world.
The creation of the BIOGH Oil and Gas Free Zone is one of the most significant investment contracts entered into by the Iraqi Free Zones Commission.