What does free economic zone mean?
Definitions for free economic zone
free eco·nom·ic zone
This dictionary definitions page includes all the possible meanings, example usage and translations of the word free economic zone.
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Wikipedia
Free economic zone
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. The World Trade Organization (WTO) Agreement on Subsidies and Countervailing Measures (SCM) has content on the conditions and benefits of free zones.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. As the United Kingdom was proposing the creation of ten free ports after leaving the European Union in early 2020, the EU was clamping down on 82 free zones after finding that their special status had aided the financing of terrorism, money laundering and organised crime.
Numerology
Chaldean Numerology
The numerical value of free economic zone in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of free economic zone in Pythagorean Numerology is: 9
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"free economic zone." Definitions.net. STANDS4 LLC, 2024. Web. 1 May 2024. <https://www.definitions.net/definition/free+economic+zone>.
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