Free economic zones or free zones or special economic zones (SEZ) refer to designated areas in which companies are taxed very lightly or not at all in order to encourage economic activity.
Sometimes they are called free ports, which have historically been endowed with favorable customs regulations, e.g., the free port of Trieste. Very often free ports constitute a part of free economic zones.
Famous quotes containing the words free, economic and/or zone:
“We are no more free agents than the queen of clubs when she victoriously takes prisoner the knave of hearts.”
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“The great dialectic in our time is not, as anciently and by some still supposed, between capital and labor; it is between economic enterprise and the state.”
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“Just like those other black holes from outer space, Hollywood is postmodern to this extent: it has no center, only a spreading dead zone of exhaustion, inertia, and brilliant decay.”
—Arthur Kroker (b. 1945)