The Dominican Republic has the ninth largest economy
in Latin America, and is the largest in the Caribbean and Central America region. It is an
upper middle-income developing country primarily dependent on mining, agriculture, trade, and services.
Although the service sector has recently overtaken agriculture as the leading employer of Dominicans, agriculture remains the most important sector in terms of domestic consumption and is in second place in terms of export earnings. Tourism accounts for more than $1 billion in annual earnings. free-trade zone earnings and tourism are the fastest-growing export sectors. According to a 1999 International Monetary Fund report, remittances from Dominican Americans, are estimated to be about $1.5 billion per year. Most of these funds are used to cover basic household needs such as shelter, food, clothing, health care and education. Secondarily, remittances have financed small businesses and other productive activities.
A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include increased trade balance, employment, increased investment, job creation and effective administration. To encourage businesses to set up in the zone, financial policies are introduced. These policies typically encompass investing, taxation, trading, quotas, customs and labour regulations. Additionally, companies may be offered tax holidays, whereupon establishing themselves in a zone, they are granted a period of lower taxation.
A free-trade zone (FTZ) is a class of special economic zone. It is a geographic area where goods may be landed, stored, handled, manufactured or reconfigured and re-exported under specific customs regulation and generally not subject to customs duty. Free trade zones are generally organized around major seaports, international airports, and national frontiers—areas with many geographic advantages for trade.
The Port of Houston is one of world's largest ports and serves the metropolitan area of Houston, Texas. The port is a 25-mile-long complex of diversified public and private facilities located a few hours' sailing time from the Gulf of Mexico. Located in the fourth-largest city in the United States, it is the busiest port in the U.S. in terms of foreign tonnage, second-busiest in the U.S. in terms of overall tonnage, and sixteenth-busiest in the world. Though originally the port's terminals were primarily within the Houston city limits, the port has expanded to such a degree that today it has facilities in multiple communities in the surrounding area. In particular the port's busiest terminal, the Barbours Cut Terminal, is located in Morgan's Point.
Telok Panglima Garang is a mukim in Kuala Langat District, Selangor, Malaysia. The Telok Panglima Garang Free Trade Zone (FTZ) is located here.
Kish International Airport is an international airport on Kish Island, Iran.
Ras Al Khaimah Free Trade Zone is a special economic zone in Ras Al Khaimah, which is one of the seven emirates that comprise the United Arab Emirates, along with Abu Dhabi and Dubai. RAK FTZ is around an hour's drive from Dubai. It has investments from more than 12,000 companies in over a hundred countries, representing more than 50 industry sectors.
Santacruz Electronics Export Processing Zone (SEEPZ) is a Special Economic Zone in Mumbai, India. Situated in the Andheri East area, it is subjected to liberal economic laws as compared to the rest of India to promote rapid economic growth using tax and business incentives and attract foreign investment and technology. Seepz was created in 1973 and was seen as export processing zone. Since then many other SEZ’s have been created in rest of India. SEEPZ mainly houses Electronic Hardware Manufacturing Companies, Software Companies and jewellery exporters of India. More than 40 percent of India’s total jewelry exports out of $5,210.69 million during year 2006-2007 came from units within SEEPZ. It is located close to Andheri.
In the United States, a foreign-trade zone (FTZ) is a geographical area, in a United States Port of Entry, where commercial merchandise, both domestic and foreign receives the same Customs treatment it would if it were outside the commerce of the United States. Another definition of an FTZ states that it is an isolated, enclosed and policed area operated as a public utility, furnished with facilities for loading, unloading, handling, storing, manipulating, manufacturing and exhibiting goods and for reshipping them by land, water or air. Merchandise of every description may be held in the zone without being subject to tariffs and other ad valorem taxes. This tariff and tax relief is designed to lower the costs of U.S.-based operations engaged in international trade and thereby create and retain the employment and capital investment opportunities that result from those operations. These special geographic areas – foreign-trade zones – are established "in or adjacent to" U.S. Ports of Entry and are under the supervision of the U.S. Customs and Border Protection under the United States Homeland Security Council. Since 1986, U.S. Customs' oversight of FTZ operations has been conducted on an audit-inspection basis known as Compliance Reviews, whereby compliance is assured through audits and spot checks under a surety bond, rather than through on-site supervision by Customs personnel.
Shanghai Free-Trade Zone, officially China (Shanghai) Pilot Free-Trade Zone is a free-trade zone in Shanghai, China. On 22 August 2013, the State Council approved the establishment of SFTZ. Officially launched on 29 September 2013 with the backing of Chinese Premier Li Keqiang, it is the first free-trade zone in mainland China. The zone covers an area of 120.72 square kilometres (46.61 sq mi) and integrates four existing bonded zones in the district of Pudong — Waigaoqiao Free Trade Zone, Waigaoqiao Free Trade Logistics Park, Yangshan Free Trade Port Area and Pudong Airport Comprehensive Free Trade Zone. Since 21 April 2015, Shanghai FTZ's areas are expanded, including Lujiazui Financial and Trade Zone, Shanghai Jinqiao Economic and Technological Development Zone and Zhangjiang Hi-Tech Park.
Lekki is a city in Lagos State, Nigeria. It is located to the east of Lagos city. Lekki is a naturally formed peninsula, adjoining to its west Victoria Island and Ikoyi districts of Lagos, with the Atlantic Ocean to its south, Lagos Lagoon to the north, and Lekki Lagoon to its east; however, the city's southeast which ends at around the western edge of Refuge Island, adjoins the eastern part of Ibeju-Lekki LGA.
Tianjin Free-Trade Zone, officially China (Tianjin) Pilot Free-Trade Zone is a free-trade zone in Tianjin, China. It is the only free-trade zone in North China. The zone covers three areas — Tianjin Airport Economic Area, Dongjiang Free Trade Port Zone and Binhai New Area Central Business District.
Fujian Free-Trade Zone, officially China (Fujian) Pilot Free-Trade Zone is a free-trade zone in Fujian province, China. It is a free-trade zone near Taiwan. The zone covers an area of 118.04 square kilometres and integrates three existing bonded zones in three areas — Pingtan Subdistrict, Fuzhou Subdistrict and Xiamen Subdistrict. Fujian FTZ was founded in Mawei District, Fuzhou on April 21, 2015.
Guangdong Free-Trade Zone, officially China (Guangdong) Pilot Free-Trade Zone is a free-trade zone in Guangdong province, China. It is a free-trade zone near Hong Kong and Macau. The zone covers an area of 116.2 square kilometres and integrates three existing bonded zones in four areas — Nansha New Area in Guangzhou, Qianhai and Shekou Industrial Zone in Shenzhen and Hengqin Subdistrict in Zhuhai.
The FTZ Sports Complex, also known as the Free Trade Zone Sports Complex, is a cricket ground in Katunayake, Sri Lanka. It has hosted both first-class and List A cricket matches in domestic cricket tournaments in Sri Lanka. In August 2018, it was named as the venue to host some of the matches between Sri Lanka women and India women for their tour in September 2018.
Zhejiang Free-Trade zone, officially China (Zhejiang) Pilot Free-Trade Zone is a free-trade zone in Zhoushan, Zhejiang Province, China. Covering a total area of 119.95 square kilometres (46.31 sq mi) of land spaces and anchorage sea water, the FTZ consists of three parts - Outlying Islands Zone, Northern Zhoushan Island Zone and Southern Zhoushan Island Zone. Established in 2014, the FTZ primarily focuses on trade of bulk commodity in eastern China, such as petroleum and oil products.
