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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

free port

see FREE TRADE ZONE.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
BOI Chairman Haroon Sharif pointed out that the Gwadar Free Zone did not fall under the Special Economic Zone Act of 2011.
Al Mannai said that the EA was keen to sell the seized cargo of Ajman Free Zone in accordance to the best standards, which will ensure that the free zone will witness attractive returns, as well as provide bidders the opportunity to purchase the cargo at competitive prices.
The UAE houses one of the highest number of free zones globally at 45 with another 10 under construction.
According to Shoaib Alrahimi, VP Business Park free zone at Dubai South, the free zone model is vital to the development of the region as it offers an easy 'in' for investors.
The DFZ Council reviewed the updates on an initiative to create a centralised electronic system to streamline registration and licensing procedures that will link all the free zones in Dubai to a data center under the supervision of the Council, and route orders to the concerned authorities for approval.
'Dubai Blink' will encourage more regional and international companies to establish their headquarters in Dubai's free zones and accelerate their trade and investment flows through digital trading.
The UAE, which has one of the highest numbers of free zones in the world, offers foreign investors 100 per cent foreign ownership in companies registered with any of these free zones.
According to the MoU, DED will coordinate with each free zone separately and agrees on all detailed matters related to the MoU, such as inspection procedures and fines.
It also reviewed the available investment opportunities in the Sultanate and the role of ports and logistic services in promoting businesses at the free zones.
According to a report in the UAE state news agency WAM, the facility with 16 storage tanks, high-capacity pumps and other sophisticated equipment was inaugurated by Saud Salim Al Mazrouei, director of Hamriyah Free Zone Authority (HFZA) and the Sharjah Airport International Free Zone.
ISLAMABAD -- Ajman Free Zone Authority has established its official presence in Pakistan by opening up an office in Karachi.
SHARJAH: Hamriyah Free Zone Authority (HFZA) displayed its facilities at Big5 - International Building and Construction Show - which concluded in Dubai World Trade Center recently.