transit zone definition

transit zone

Type of free trade zone in which a port of entry in a coastal country (host country) serves as a distribution and storage center for a landlocked neighboring country or one which lacks adequate cargo handling facilities. Goods passing through a transit zone are normally not subject to any customs formalities, duties, or import restrictions of the host country.

transit zone is in the Economics, Politics, & Society and Shipping, Transport, & Travel subjects.

This content can be found on the following page:

http://www.businessdictionary.com/definition/transit-zone.html