List of free economic zones

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In special economic zones [1] [2] business and trades laws differ from the rest of the country. The term, and a number of other terms, can have different specific meanings in different countries and publications. Often they have relaxed jurisdiction of customs or related national regulations. They can be ports or other large areas or smaller allocated areas.

Contents

Terms include free port (porto Franco), free zone (zona franca), bonded area (US: foreign-trade zone), free economic zone , free-trade zone , export processing zone and maquiladora .

Most commonly a free port is a special customs area or small customs territory with generally less strict customs regulations (or no customs duties or controls for transshipment). Earlier in history, some free ports like enjoyed political autonomy. Many international airports have free ports, though they tend to be called customs areas, customs zones, or international zones.

Africa

Tanzania

Mtwara Freeport Zone

Libya

Misurata Free Zone

Liberia

Free Port of Monrovia

Egypt

Eritrea

Morocco

Mauritius

Nigeria

Although the enabling act came into effect in 1992, the pioneer Free Zone (the Calabar Free Trade Zone) was not fully completed until 1999, and commenced operation after official commissioning in November 2001. Since then, the Free Zones Scheme has been used as a vehicle for industrial and commercial development of the country. Private Sector participation and partnership with the Federal Government and other tiers of government has helped spread the scheme. This has culminated in the establishment of specialised Free Zones and other types of Zones, namely:

Serial NumberNameLocationStatusOwnership
1 Snake Island Integrated Free Zone LagosOperationalPrivate
2Kano Free Trade Zone (KFTZ)Kano StateOperationalFed. Govt.
3Onne oil & Gas Free ZoneRiver StateOperationalUnder Parallel Authority
4Tinapa Free Zone & Tourism ResortCRSOperationalPrivate/Public
5Calabar Free Trade Zone (CFTZ)CRSOperationalFed. Govt.
6Maigatari Border Free ZoneJigawa StateOperationalState
7LADOL Free ZoneLagosOperationalPrivate
8Airline Services Export Proc. ZoneLagos StateOperationalPrivate
9ALSCON Export Processing ZoneAkwa IbonOperationalPrivate
10Ogun Guangdong Free Trade ZoneOgun StateOperationalPublic/ Private
11Sebore Farms Export Processing ZonesAdamawa StateOperationalPrivate
12Ibom Science & Tech. Park Free ZoneAkwa IbomUnder Cons.Public/Private
13Living Spring Free ZoneOsun StateUnder Cons.State
14Lekki Free ZoneLagos StateUnder Cons.State/ Private
15Brass LNG Free ZoneBayelsaUnder Cons.Public/Private
16Abuja Technological Village Free ZoneAbujaUnder Cons.Public/Private
17Specialized Railway Industrial FTZ - KajolaOgun StateUnder Cons.Public/Private
18Imo Guangdong FTZImo StateUnder Cons.Public/Private
19OK Free Trade ZoneOndo & OgunUnder Cons.States/ Private
20Lagos Free ZoneLagos StateUnder Cons.Private
21Kwara Free ZoneKwara StateDeclarationState Govt.
22Oluyole Free Trade ZoneOyo StateDeclarationState Govt.
23Koko Free Trade ZoneDelta StateDeclarationState Govt.
24OILSS Logistics Free ZoneLagosDeclarationPrivate
25Banki Border Free ZoneBorno StateDeclarationState
26NAHCO Free Trade ZoneLagos StateOperationalPrivate

The introduction of free zones has played a large role in increasing the amount of investment into Nigeria. When all the free zones are fully operational, Nigeria is projected to play a large role in expanding export-driven manufacturing activities in Africa. [3]

Asia

Bahrain

China

Hong Kong

Indonesia

Iran

Israel

Japan

Lebanon

Macau

Bayan Lepas Free Industrial Zone, also known as the Silicon Valley of the East Bayan Lepas Free Industrial Zone 2023.jpg
Bayan Lepas Free Industrial Zone, also known as the Silicon Valley of the East

Malaysia

Mongolia

Pakistan

Philippines

Singapore

South Korea

Taiwan

Thailand

Turkey

SNNameProvinceFoundation date
1Mersin Free Zone Mersin 1987
2Antalya Free Zone Antalya 1987
3Aegean Free Zone İzmir 1990
4Istanbul Atatürk Airport Free Zone Istanbul 1990
5Trabzon Free Zone Trabzon 1992
6Istanbul Leather Industry Free ZoneIstanbul1995
7East Anatolia Free Zone Erzurum 1995
8Mardin Free Zone Mardin 1995
9Istanbul Stock Exchange Free Zone (İMKB)Istanbul1997
10İzmir Menemen Leather Free Zoneİzmir (Menemen)1998
11Rize Free Zone Rize 1998
12Samsun Free Zone Samsun 1998
13Istanbul Tracia Free ZoneIstanbul1998
14Kayseri Free Zone Kayseri 1998
15Adana Yumurtalık Free Zone Adana (Yumurtalık)1998
16European Free Zone Tekirdağ (Çorlu)1999
17Gaziantep Free Zone Gaziantep 1999
18Bursa Free Zone Bursa 2001
19Kocaeli Free Zone Kocaeli 2001
20Denizli Free Zone Denizli 2002
21Tubitak Free ZoneKocaeli (Gebze)2002

United Arab Emirates

Uzbekistan

Europe

European Union

European Union free zones: [7]

Albania

Armenia

Belarus

Georgia

Bosnia and Herzegovina

Moldova

Monaco

Montenegro

North Macedonia

Тechnological–Industrial Development Zones (TIDZs) [15]

Russia

Serbia

Serbia has 14 free economic zones as of September 2017; [18] these are: [18]

Switzerland

Ukraine

United Kingdom

The Americas

Argentina

Ley 19640: Área Aduanera Especial para la Isla Grande de la Tierra del Fuego

Ley 24331: Zonas Francas (de Argentina)

The Bahamas

Bermuda

Brazil

Canada

Foreign trade zones: [25]

Chile

Colombia

Dominican Republic

Jamaica

Panama

Costa Rica

Uruguay

United States

Venezuela

See also

Related Research Articles

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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 increasing 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, where upon establishing themselves in a zone, they are granted a period of lower taxation.

<span class="mw-page-title-main">Emirate of Sharjah</span> Constituent Emirate of the United Arab Emirates

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A free-trade zone (FTZ) is a class of special economic zone. It is a geographic area where goods may be imported, 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.

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<span class="mw-page-title-main">Batam</span> City in Riau Islands, Indonesia

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<span class="mw-page-title-main">Ras Al Khaimah International Airport</span> Airport in Ras al-Khaimah

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<span class="mw-page-title-main">Freeport, Bahamas</span> City in Grand Bahama, The Bahamas

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<span class="mw-page-title-main">Port Lansing</span>

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<span class="mw-page-title-main">Zona Franca of Iquique</span>

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Freeports in the United Kingdom are a series of government assigned special economic zones where customs rules such as taxes do not apply until goods leave the specified zone. The theoretical purpose of such freeports is to encourage economic activity in the surrounding area and increase manufacturing. Critics of such schemes, including the parliamentary opposition, see them as possible tax havens and open to money laundering.

References

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