A Free Trade Zone (FTZ) is a designated area within a country where goods can be imported, stored, handled, manufactured, and re-exported without being subject to customs duties or taxes. These zones promote international trade by offering businesses various incentives such as tax exemptions, streamlined customs procedures, and duty deferments. FTZs are often located near major ports, airports, or industrial hubs, making them an ideal location for manufacturing, logistics, and distribution companies. Free Trade Zones support economic growth, attract foreign investment, and help businesses improve operational efficiency and cost savings.
Category: Business & Industrial
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