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:
“Shackled heart, free spirit.—Whoever binds his heart tightly and imprisons it may indulge his spirit in many liberties: I have already said that once. But no one believes me unless he already knows.”
—Friedrich Nietzsche (1844–1900)
“In our personal ambitions we are individualists. But in our seeking for economic and political progress as a nation, we all go up—or else all go down—as one people.”
—Franklin D. Roosevelt (1882–1945)
“The human race is a zone of living things that should be defined by tracing its confines.”
—Italo Calvino (1923–1985)