Free Trade Zone concept

A Free Trade Zone (FTZ) is a designated area within a country where goods can be imported, processed, and re-exported with reduced or eliminated customs tariffs and regulatory restrictions. These zones encourage international trade by making it easier and more cost-effective for businesses to operate across borders. They often offer streamlined customs procedures, tax incentives, and waived tariffs on certain goods, fostering economic growth, attracting investment, and supporting manufacturing and distribution activities. FTZs are strategic tools for countries to boost exports and improve competitiveness in global markets.