free trade zone
noun [C] (abbreviation FTZ, also free zone, free port) ECONOMICS, COMMERCEDefinition
› a special area within a country where foreign companies can import materials, manufacture goods, export products, etc. without being limited by the usual rules and taxes: The island was designated a free-trade zone in the hopes of attracting foreign investment. → Compare free trade area
(Definition of free trade zone noun from the Cambridge Business English Dictionary
© Cambridge University Press)
Browse the Dictionary
Browse the Thesaurus
More Results for “free trade zone”
Our dictionaries
Word of the Day
be under a cloud
to not be trusted or popular because people think you have done something bad
Blog
Read our blog about how the English language behaves.
New Words
Find words and meanings that have just started to be used in English, and let us know what you think of them.
