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European Free Trade Zone (EFZ) (www.asb.com.tr), Istanbul-Leather and Industrial Free Zone (www.desbas.com.tr) and Aegean Free Zone (www.esbas.com.tr) are one of the most active and largest Free Zones in Turkey. Free Zones offer ready offices, warehouses, open stock areas, production facilities for rent or sale and lands with ready infrastructure.
Free zones may be broadly categorized as seaport free zones, airport free zones, and mainland free zones. Free-trade zone exemptions are: [2] 100% foreign ownership of the enterprise; 100% import and export tax exemptions; 100% repatriation of capital and profits; Corporate tax exemptions for up to 50 years; No personal income taxes
The Ghana Free Zones Authority (GFZA), is a Ghanaian government-controlled institution formed on 31 August 1995 to facilitate the setting up of Free Zone in Ghana to improve the economic development and to regulate its related activities. [1] [2] It was enacted by an Act of Parliament, the Free Zone Act 1995 (Act 504). [3]
The Zona Libre, or Free Zone, was a free trade zone in the Mexican state of Tamaulipas [1] along the Mexico–United States border established in 1858. The goal of Zona Libre was to equalize the imbalanced economic environments that had resulted after the Mexican–American War on either side of the Rio Grande River, which had become the international border between the United States and ...
Free-trade zones. The formation of free trade areas is considered an exception to the most favored nation (MFN) principle in the World Trade Organization (WTO) because the preferences that parties to a free trade area exclusively grant each other go beyond their accession commitments. [6]
The establishment of designated freezones in the United Arab Emirates (UAE) traces its roots to the nation's strategic vision for economic diversification.In the late 20th century, recognizing the need to reduce reliance on oil revenue, the UAE embarked on a deliberate initiative to create economic zones that would attract foreign investment, promote international trade, and foster innovation.
ASEAN–Australia–New Zealand Free Trade Area (AANZFTA) is a free trade area between ASEAN and ANZCERTA that was signed on 27 February 2009 and came into effect on 1 January 2010. Details of the AANZFTA agreement are available online. [27] ASEAN–China Free Trade Area (ACFTA), in effect as of 1 January 2010 [28]
In the last round of negotiations, trade ministers from 34 countries met in Miami, Florida, in the United States, in November 2003 to discuss the proposal. [1] The proposed agreement was an extension of the North American Free Trade Agreement (NAFTA) between Canada, Mexico, and the United States.