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- DictionaryFree·port/ˈfrēpôrt/
- 1. a port city in the northern Bahamas, on Grand Bahama Island; population 44,300 (est. 2009).
- 2. a commercial and industrial city in northwestern Illinois; population 24,615 (est. 2008).
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Free trade zones in the Philippines refers to an isolated policed area adjacent to a port of entry (such as a seaport) and/or airport where imported goods may be unloaded for immediate transhipment or stored, repacked, sorted, mixed, or otherwise manipulated.
Jan 12, 2024 · A free port is a place where goods can be received and shipped without paying taxes or customs duties. Learn more about the history, usage and geographical names of free ports from Merriam-Webster dictionary.
a port that charges little or no tax on goods that have been brought there temporarily from a foreign country before being transported to another country: The UK set up six free ports in 1984, including Liverpool and Southampton. → free trade zone. (Definition of free port from the Cambridge Business English Dictionary © Cambridge University Press)
Mar 22, 2023 · Freeports aim to create economic activity - like trade, investment and jobs - near shipping ports or airports. Goods imported into freeports are exempt from taxes, called tariffs, that are...
Aug 3, 2020 · Many FEZs are situated near big shipping ports, known as free ports, which offer organizations easy access to international shipping and other domestic transport links such as railroads and highways. A Brief History of FEZs.
Apr 16, 2021 · A freeport or free trade zone is a specifically designated area where tariffs on imports are either substantially cut or waived in the hope of stimulating economic growth and trade.
Aug 5, 2019 · Freeports are ports where normal tax and customs rules do not apply. The UK government has announced eight new freeports as part of its post-Brexit trade policy, but their economic benefits and risks are uncertain.
