free port
(redirected from Foreign-trade zone)Also found in: Dictionary, Thesaurus, Acronyms, Encyclopedia.
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.