freeport


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freeport

or

free trade zone

an area usually forming part of an airport or shipping port into which goods can be imported without incurring import or customs duties, provided the goods are to be subsequently exported either in their original form or as intermediate products within a final good. See ENTREPÔT TRADE.

free trade zone

or

freeport

a designated area within the immediate hinterland of an air or shipping port into which IMPORTS are allowed without payment of IMPORT DUTY (TARIFFS), provided the goods are to be subsequently exported (see EXPORTS) either in their original form or as intermediate products within a final good. See ENTREPOT TRADE.
References in periodicals archive ?
Since we started back in 1992, Freeport has developed outlets throughout Europe,' said Chris Milliken, cofounder and commercial director of Freeport Retail.
Over the past 18 months, the terminal prepared for the introduction of the N4 system, which was meticulously installed during a 24 hour closing during the Santa Marija public holiday one of only five days in the year when the Freeport is closed.
According to the company, the Freeport LPG Export Terminal has loaded its first contracted cargo on the Commander, a very large gas carrier that departed the terminal on 16 December.
Freeport will record an approximate $550 million gain on the transaction.
Celebrating the official grand opening of a new plant in Freeport marks a major milestone for us.
This developed as CDC President Arthur Tugade welcomed the holding of the biggest tourism convention and expressed optimism the event will contribute to more trade investment opportunities and make the Freeport a regular destination.
Freeport Metrics is a team of technology consultants, software developers and business intelligence specialists with offices in Portland, Maine and Warsaw, Poland.
The terms of the deal call for Freeport Capital to pay USD600,000 (EUR485,400) for the 51% stake by issuing 600,000 new common shares at a reserved price of USD1.
In an unprecedented avalanche of attention, Freeport has become the focus of numerous investigations by Indonesia's Ministry of Environment, the Indonesian parliament, and the U.
Helping to redress this is Denise Leith in her study of the US mining company, Freeport-McMoran, in The Politics of Power: Freeport in Suharto's Indonesia.
has signed onto the exciting new vision for Freeport that its mayor has elaborated.
Simon Sinaga, corporate communications superintendent of giant gold and copper mining company PT Freeport Indonesia, told Kyodo News the people also demanded Freeport pay a compensation totaling 2 billion rupiah (about $224,000) for the death.