free port |
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Definition
Free trade zone encompassing an entire port area such as Hong Kong, Isla Margarita, Panama, and Singapore, where imported merchandise may be stored duty-free pending re-export or duty-paid entry into the importing country.
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free port is in the Banking, Commerce & Finance, Customs Documentation & Procedures and Economics, Politics, & Society subjects.
free port appears in the definition of the following term: free city
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