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 ?
General Accounting Office, Foreign-Trade Zone Growth Primarily Benefits Users Who Import For Domestic Commerce; GAO/GGD 84-52, March 2, 1984, and Foreign-Trade Zones Program Needs Clarified Criteria, GAO/NSIAD 899-85; U.S.
SAP s global trade management application, SAPA Global Trade Services (SAP GTSA), supports export management, import management, screening and embargo, license and preference determination, foreign-trade zone and other special customs procedures.
Integration Point provides solutions for import/export management, product classification, free trade agreement qualification, export screening, drawback, foreign-trade zones, supply chain security and post-entry validation.
Intended for purchasing managers considering international vendors, this book analyzes the total costs of importing goods into the US and explains the federal requirements for import compliance, the financial benefits of foreign-trade zones, and the importance of hiring a reputable freight forwarder and customhouse broker.
An application has been submitted to the Foreign-Trade Zones Board by Baxter Healthcare Corp.
National Association of Foreign-Trade Zones Washington, D.C.
Making sense of all this has been the principle mission of The National Association of Foreign-Trade Zones (NAFTZ) for the past several months.