Definitions
There are 2 meanings of the phrase
Free Port.
Free Port - as a noun
An area adjoining a port where goods that are intended for reshipment can be received and stored without payment of duties
Synonyms (Exact Relations)
free zoneA port open on equal terms to all commercial vessels
Example Sentences
"A free port is a designated area within a country where goods can be stored, handled, and manufactured without customs duties."
"The establishment of a free port can boost international trade and attract foreign investment."
"The government aims to promote economic development by creating free ports along the coastlines."
"Companies operating within the free port enjoy tax benefits and streamlined customs procedures."
"The free port acts as a transit hub for goods that are shipped to other countries."
