free port

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free port

n.
A port or an area of a port in which imported goods can be held or processed free of customs duties before reexport.

free port

n
1. (Commerce) a port open to all commercial vessels on equal terms
2. (Commerce) Also called: free zone a zone adjoining a port that permits the duty-free entry of foreign goods intended for re-export

free′ port′


n.
a port or special section of a port where goods may be unloaded, stored, and shipped without payment of customs duties.

Free•port

(ˈfriˌpɔrt, -ˌpoʊrt)

n.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.free port - an area adjoining a port where goods that are intended for reshipment can be received and stored without payment of duties
area, country - a particular geographical region of indefinite boundary (usually serving some special purpose or distinguished by its people or culture or geography); "it was a mountainous area"; "Bible country"
2.free port - a port open on equal terms to all commercial vessels
port - a place (seaport or airport) where people and merchandise can enter or leave a country
Translations

free port

nporto franco
References in periodicals archive ?
Free ports provide special freedoms to trade, within a specific area around a major port.
The Japan Bank for International Cooperation signed on February 16, during the Russian Investment Forum 2018 in Sochi, a final agreement on formation of a joint venture company to promote Japanese investment in the Advanced Special Economic Zones (ASEZs) and Free Ports in the Russian Far East.
Currently there are more than 3,000 free ports around the world, but none in the UK.
China Securities Journal said on Monday that the free port in Shanghai will carry out supervision "within the borders but outside the Customs", which is in essence the same principle adopted by other free ports around the world.
In 2008 the Department of Finance called for a moratorium on new free ports.
The development and promotion of the Asia-Pacific Economic Cooperation (Apec) and Russian Far East transportation corridors, including free ports Vladivostok and Zarubino, also form part of the agreement.
Fifth, in order to balance population growth and economic opportunities, free ports must be opened and additional economic zones should be established in the Vis-Min areas.
ONE of the main free ports in West Africa has been bought by Liverpool-based Lonrho Africa.
I look forward to having 10Gb pipes between my switches to free ports and eliminate trunking software fees.
And based on the performance of free ports worldwide, it anticipates a Teesport free port would generate an additional 1,300 jobs, based on the Tees Valley's 500,000 workforce.
Minister of Industry and Commerce Rishad Bathiudeen has announced that in a new breakthrough for Sri Lanka's exports industry, one of the world's fastest expanding free ports , and one of the largest free-ports in the strong Gulf Cooperation Council (GCC) has opened its doors to Sri Lanka with unmatched incentives of entry.
The President also set the tone for how the major free ports would thrive under his administration.