Free trade zone
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Trade - international trade - customs duty - tax - regulation.
(FTZ).
A Free trade zone is an area or region in a country that enjoys exemptions from customs duties, usually together with other support, often including other tax and regulatory advantages.
A key risk of free trade zones is that they can facilitate fraud and other organised criminal and terrorist financing activity.
The support that can be given under international law by way of free trade zones is limited by state aid rules, including those of the World Trade Organization.
The terms Free trade zone and free zone are sometimes used interchangeably.
