Unlike a customs warehouse – an approved storage facility tied to a specific licensed operator within the regular customs territory – a free zone is a geographically delimited area governed by its own legal regime, in which customs duties, import taxes, and certain regulatory controls are suspended or substantially reduced.
Source: https://ec.europa.eu/taxation_customs/business/calculation-customs-duties/free-zones_en.htm
Matching tools and partners
You might also be interested in these terms
Analyze all 11 Incoterms 2020: cost matrix, risk timeline, insurance gap detector and customs responsibility – free, no login required.
Free · No password · Never a paywall. Weekly top news and facts from logistics.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.