Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter20: The Global Economy
Section: Chapter Questions
Problem 18AA
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What is a free trade zone?
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Step 1
- Free trade zones are a type of special economic zones which are free of fees related to trade like duties and taxes.
- In free trade zones, goods which are manufactured, stored and are handled are subject to various custom preferences. To encourage investments, reliefs and incentives are offered to them.
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