free port(redirected from Porto franco)
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A port or an area of a port in which imported goods can be held or processed free of customs duties before reexport.
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
a port or special section of a port where goods may be unloaded, stored, and shipped without payment of customs duties.
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|Noun||1.||free port - an area adjoining a port where goods that are intended for reshipment can be received and stored without payment of duties|
|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