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DEFINITION OF FREE TRADE ZONES
  Also called foreign-trade zone, an area within which goods
may be landed, handled, manufactured or reconfigured,
and re-exported without the intervention of the customs
authorities. Only when the goods are moved to
consumers within the country in which the zone is
located do they become subject to the prevailing customs
duties. Free-trade zones are organized around major
seaports, international airports, and national frontiers—
areas with many geographic advantages for trade.
COUNTRIES THAT HAVE FREE TRADE ZONES
• United States
• United Arab Emirates
• China
• Europe
• Canada
• Argentina
BENEFITS OF FREE TRADE ZONES
• Boost Revenue
• Promote economic diversification
• Increase employment
• Promote opportunities for business
REFERENCES
ecdobserver.org/news/archivestory.php/aid/3101/Free_zones:_Benefi
ts_and_costs.html
https://www.britannica.com/topic/free-trade-zone
https://www.theclassroom.com/what-are-the-benefits-of-a-free-trade-
zone-13636025.html