free port

noun

1. an area adjoining a port where goods that are intended for reshipment can be received and stored without payment of duties

• Syn: ↑free zone

• Hypernyms: ↑area, ↑country

2. a port open on equal terms to all commercial vessels

• Hypernyms: ↑port

* * *

noun

: foreign-trade zone

* * *

1. a port or special section of a port where goods may be unloaded, stored, and shipped without payment of customs duties.

2. a port open under equal conditions to all traders.

[1705-15]

* * *

free port noun

1. A port open on equal terms to all traders

2. A free-trade zone adjacent to a port or airport, allowing duty-free import and re-export of goods

• • •

Main Entry: ↑free

* * *

free port UK US noun [countable] [singular free port plural free ports] economics

a port or airport where no tax is paid on goods that are delivered because they are then going to be sent to other countries

Thesaurus: relating to tax and taxation_hyponym

* * *

free port,

1. a port open to traders of all countries on the same conditions.

2. = foreign trade zone. (Cf. ↑foreign trade zone)

* * *

n. a port open to all traders

■ a port area where goods in transit are exempt from customs duty

* * *

ˌfree ˈport f14 [free port] noun

a port at which tax is not paid on goods that have been brought there temporarily before being sent to a different country