A free trade zone (FTZ) or export processing zone (EPZ) is an area of a country where some normal trade barriers such as tariffs and quotas are eliminated and bureaucratic requirements are lowered in hopes of attracting new business and foreign investments.[1] It is a region where a group of countries has agreed to reduce or eliminate trade barriers.[2] Free trade zones can be defined as labor intensive manufacturing centers that involve the import of raw materials or components and the export of factory products. The world’s first Free Trade Zone was established in Shannon,
Can you find an example of a “free trade zone,” anywhere in the world, that is a mine? Thanks in advance.
Thanks for clarifying w a free trade zone is.
A free trade zone (FTZ) or export processing zone (EPZ) is an area of a country where some normal trade barriers such as tariffs and quotas are eliminated and bureaucratic requirements are lowered in hopes of attracting new business and foreign investments.[1] It is a region where a group of countries has agreed to reduce or eliminate trade barriers.[2] Free trade zones can be defined as labor intensive manufacturing centers that involve the import of raw materials or components and the export of factory products. The world’s first Free Trade Zone was established in Shannon,
Excellent explanation.
There need not be a “Free Trade Agreement” to do “Free Trade”
Also, most Free Trader Globalists support business deals that threaten national security and soverignty. The whole point of Free Trader Globalists is to do away with nations, borders, regions, etc.
The whole plan of the free Trader Globalists is all well laid out in the Bretton Woods agreement in 1944. That is when you got the first vestiges of Free Trader Globalism....notably the World Bank and the IMF
Oh, and the President that got this all started: FDR....the one who had Commies all in his Admin...and referred to Joseph Stalin as “Uncle Joe”