Free economic zone
Area of a country where companies are very lightly taxed / From Wikipedia, the free encyclopedia
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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. The taxation rules and duties are determined by each country.[1] The World Trade Organization (WTO) Agreement on Subsidies and Countervailing Measures (SCM) has content on the conditions and benefits of free zones.[2]
This is currently being merged. After a discussion, consensus to merge this into Free-trade zone was found. You can help implement the merge by following the instructions at Help:Merging and the resolution on the discussion. Process started in May 2023. |
You can help expand this article with text translated from the corresponding article in Spanish. (September 2020) Click [show] for important translation instructions.
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Some special economic zones are called free ports. Sometimes they have historically been endowed with favorable customs regulations, such as the free port of Trieste.