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:
“One of the annoying things about believing in free will and individual responsibility is the difficulty of finding somebody to blame your problems on. And when you do find somebody, its remarkable how often his picture turns up on your drivers license.”
—P.J. (Patrick Jake)
“Three factorsthe belief that child care is female work, the failure of ex-husbands to support their children, and higher male wages at workhave taken the economic rug from under that half of married women who divorce.”
—Arlie Hochschild (20th century)
“He who, from zone to zone,
Guides through the boundless sky thy certain flight,
In the long way that I must tread alone,
Will lead my steps aright.”
—William Cullen Bryant (17941878)