Definitions for free port
free port

Princeton's WordNetRate this definition:0.0 / 0 votes

1. free port, free zonenoun

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

2. free portnoun

   a port open on equal terms to all commercial vessels

WikipediaRate this definition:0.0 / 0 votes

1. free port

   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.

ChatGPTRate this definition:0.0 / 0 votes

1. free port

   A free port is a seaport or an area in an airport, often designated by a nation's government, where goods can be stored, unloaded, reloaded, or manufactured without intervention of customs authorities and without paying import customs duties or taxes. This is usually done under the condition that these goods will eventually be transported to another place outside the country.

The Nuttall EncyclopediaRate this definition:0.0 / 0 votes

1. Free Port

   name given to a port at which ships of all nations may discharge or load cargo without payment of customs or other duties, save harbour dues. They were created in various Continental countries during the Middle Ages for the purpose of stimulating trade, but Copenhagen and, in a restricted sense, Hamburg and Bremen are now the only free ports in Europe. The system of bonded warehousing has superseded them.

Dictionary of Nautical TermsRate this definition:0.0 / 0 votes

1. free port

   Ports open to all comers free of entry-dues, as places of call, not delivery.

Matched Categories

1. • Area
   • Port

How to pronounce free port?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say free port in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of free port in Chaldean Numerology is: 5

2. Pythagorean Numerology

   The numerical value of free port in Pythagorean Numerology is: 4

Examples of free port in a Sentence

1. Richard Gere:

   The most important thing for these people here is to be able to get to a free port, to get off the boat, to get on land and start a new life, please support us here on Open Arms and help these people, our brothers and sisters.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=free port
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Free_Port
3. ^ ChatGPT
   https://chat.openai.com
4. ^ The Nuttall Encyclopedia
   https://www.gutenberg.org/cache/epub/12342/pg12342-images.html#FreePort
5. ^ Dictionary of Nautical Terms
   https://www.gutenberg.org/cache/epub/26000/pg26000-images.html#:~:text=free port