International Trade Free Trade Zone Foreign Trade Zone Country Business Info Special Trade Zones Export processing zones


Free Trade Zone :
 Many countries designate  certain areas  within their borders as a free trade zone .  Free  trade zones help to minimizes, enabling importers and exporters to operate under better  economic conditions. However, many are unfamiliar with free trade zones and uncertain  how to take advantage of them.


  What are Free trade zone ?

 A free trade zone is a designated area that eliminates traditional trade barriers, such as  TARIFFS , and  minimizes  bureaucratic  regulations . The  goal of  a free trade zone is to
 enhance global market  presence  by attracting new business and  foreign investments.

 How do the terms;free trade zon-,-export processing zon',and'foreign trade zon'relate to
 and differ from one another?

 Free, foreign, and export processing zones all fall under the umbrella of being free trade  zones.because these terms are confusingly similar,they are often used interchangeably.  The distinction between each term often depends on where a  particular zone is located.

 Generally speaking:

  •  Foreign Trade Zone is the  term used  in the United States . For more information on U .S.  foreign trade zones , visit their overseeing body the Free Trade Zone  is the term used in  other developed countries, such as those included in the European Union.
  •  Export Processing Zone is commonly used in developing nations.

     Because the  principals  and  regulations of each free trade zone differs from country to
     country , you  must  check  the governing authority of the country  in which  you  wish to
     operate  for  specific  benefits  of  their  programs . Visit business.usa.gov for free trade
     zone guides of specific countries.

     What types of business use free trade zones?

     Free trade zones are utilized everyone from large  manufactures to small businesses to
     individuals.Any person or entity that intends to import or export goods and can consider
     taking advantage of free trade zones.