free port

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  • noun

Synonyms for free port

an area adjoining a port where goods that are intended for reshipment can be received and stored without payment of duties

Synonyms

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a port open on equal terms to all commercial vessels

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References in periodicals archive ?
FTZ Corporation has extensive experience, having implemented over two hundred and fifty Foreign-Trade Zone projects.
Operating within a Foreign-Trade Zone will further enhance the strategic relationships developed with our current customer base, as well as increase the potential to create relationships with our targeted prospects," said Lasicki.
The annual NAFTZ report, The Impact of Foreign-Trade Zones on the 50 States & Puerto Rico, tracks the economic impact of U.
According to the report, exports from Foreign-Trade Zones reached a record-high $54.
Foreign-Trade Zones program is a valuable strategic tool that many American companies can use to compete more effectively in world markets," said NAFTZ President Daniel Griswold.
The Georgia Foreign-Trade Zone (GFTZ) establishes and maintains federally approved Foreign-Trade Zones (FTZ) in Georgia, enabling individuals or companies to import merchandise to specified sites without going through formal customs entry procedures or paying import duties.
5, 2012 /PRNewswire/ --The National Association of Foreign-Trade Zones (NAFTZ) today announced that Daniel Griswold, a nationally recognized advocate for open trade and economic expansion, has been appointed NAFTZ President, effective January 9.
Ohio is committed to reducing operating costs and leveling the playing field for global companies based in the state," said Ronald DeBarr, president and CEO of the Northeast Ohio Trade & Economic Consortium, which administers 26 sites in Foreign-Trade Zone 181 in Northeast Ohio.
Karen Tozer, manager, Foreign-Trade Zone (FTZ) 202, Port of Los Angeles; and Richard Allen, managing partner and chief executive officer of The Allen Group, among other business and community leaders.
Since that time, foreign-trade zone use by the automotive OEMs, perennially the largest user of foreign-trade zones, has been in decline across the country.
Foreign-Trade Zone (FTZ) operations are inconspicuous, while their locations are strategically positioned in close proximity to an airport or a deepwater port.
NEOTEC, an economic development partnership of six Ohio counties, oversees the administration of the foreign-trade zone.
The contract calls on NEOTEC to administer Foreign-Trade Zone (FTZ) #181 and to act as an economic development organization on behalf of the government members of JOED.
In the last year there's been an increasing interest in the Foreign-Trade Zone and NEOTEC.
At its February session the Regional Council of the Northeast Ohio Trade and Economic Consortium (NEOTEC) awarded Liquid Control Corporation final approval of its request to participate in Foreign-Trade Zone #181 as both a Site Operator and a Site User.