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 have to hate our immediate predecessors to get free of their authority.”
—D.H. (David Herbert)
“A society in which everyone works is not necessarily a free society and may indeed be a slave society; on the other hand, a society in which there is widespread economic insecurity can turn freedom into a barren and vapid right for the millions of people.”
—Eleanor Roosevelt (1884–1962)
“Light is meaningful only in relation to darkness, and truth presupposes error. It is these mingled opposites which people our life, which make it pungent, intoxicating. We only exist in terms of this conflict, in the zone where black and white clash.”
—Louis Aragon (1897–1982)