Free Trade Zone (FTZ)

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Free Trade Zone (FTZ)

A Free Trade Zone (FTZ) is a designated area within a country where goods can be imported, stored, manufactured and re-exported under special customs regimes without incurring duties. Located near major trade gateways, FTZs offer business benefits such as tax exemptions, streamlined customs procedures, and access to infrastructure and logistics support. They attract foreign investment, stimulate economic growth, promote specialised industries and contribute to job creation and technology transfer. Governments establish FTZs as part of their economic development strategies to enhance competitiveness in the global marketplace and to stimulate trade and investment.

 

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