free port(redirected from Foreign-trade zone)
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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.
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free portsee FREE TRADE ZONE.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005