Freight forwarders and trade participants jointly operate logistics hubs within designated trade zones—such as free trade zones or special economic zones—to share warehousing, transshipment, and customs clearance capabilities, thereby reducing cross-border trade costs.
Source: https://unctad.org/topic/transport-logistics
Tools that match this term
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.
Weekly: Top news, industry facts and insights from the world of logistics – free.
Content reviewed and editorially cleared.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.