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Free Zones | Sponsors Directory

Free Zones | Sponsors Directory

Free zones, also known as free-trade zones or special economic zones, are designated areas where goods can be imported, stored, handled, manufactured, or reconf

Overview

Free zones, also known as free-trade zones or special economic zones, are designated areas where goods can be imported, stored, handled, manufactured, or reconfigured and re-exported under specific customs regulations, often with minimal or no customs duty. The concept of free zones has been around for centuries. Free zones have become an essential tool for countries to attract foreign investment, promote economic growth, and increase trade. For example, the Shanghai Free Trade Zone in China has become a key driver of the country's economic growth, with a focus on financial services, logistics, and technology.