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free trade zonean 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.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
free trade zoneor
freeporta 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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005