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Free economic zones (FEZ), free economic territories (FETs) or free zones (FZ) are a class of special economic zone (SEZ) designated by the trade and commerce administrations of various countries. The term is used to designate areas in which companies are taxed very lightly or not at all to encourage economic activity .
Una Free Trade Zone (FTZ) o Zona Franca es una clase de zona económica especial. Es una zona geográfica en la que las mercancías pueden desembarcarse, almacenarse, manipularse, fabricarse o reconfigurarse y reexportarse con arreglo a una normativa aduanera específica y, en general, no están sujetas a derechos de aduana.
The World Free Zones Organization (World FZO) Atlas, curated by the World FZO Observatory, maps out all free zones and special economic zones around the world and provides insight into their industry focus and operations. Atlas is the flagship point of reference for free zones and the wider business community when establishing economic strategies.
6 de ago. de 2021 · Update date - 2021-08-06 08:52:14. Free Zone. Although free zones are located within the political borders of the country in which they are located, they are regions that are considered outside the customs line in terms of foreign trade, taxation, and customs legislation.
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WCO News June 2019 “ Free zones: Georgia’s experience” By the Customs Department of the Revenue Service, Georgia. WCO News October 2018 “Addressing challenges related to Customs controls in free zones” By Mariya Polner, Senior Policy Advisor, and Satoko Kagawa, Technical Officer, Compliance and Facilitation Directorate, WCO.
Free Zones have become a global phenomenon and an integral part of the global supply and value chains within just the 50 years. The rapid expansion of Free Zones has been driven mainly by political decisions closely affiliated with national economic development strategies.
