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Free economic zone - Definition |
| Related Words: Budget, Canny, Commercial, Easy, Economy, Financial, Fiscal, Low, Mercantile, Moderate, Modest, Monetary, Nominal |
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Many countries have, or have had at some time, designated areas where companies are taxed very lightly or not at all to encourage development or for some other reason. These are known as free economic zones.
Sometimes they are called free ports, by an analogy with free ports known for a long time in history - the ports free of customs or with favorable customs regulations, e.g., the free port of Trieste. Very often free ports are parts of free economic zones.
Free economic zones by country
- Quarantine Pier of Odessa trade sea port, January 1st, 2000, for 25 years
China
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Example Usage of economic |
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davemartins: economic crisis and North Pole melting made Santa Claus move to Yemen; camels will replace reindeers. Santa will now wear shorts and T-shirt |
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BreakingNews: U.S. stocks open up; markets rise worldwide on signs of economic growth http://bit.ly/7fYCs1 |
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robbievitrano: Connect scale to social benefit RT @DCrais: Pinkberry, other innovative national chains moving into Nola Sign of local economic strength. |
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