Key Characteristics

• Customs Relief: Goods in FTZs generally aren't subjected to customary tariff barriers, making imports and exports more feasible and cost-effective.
• Promotion of Exports: FTZs are established to boost exports, offering businesses incentives to produce goods mainly for international markets.
• Taxation: The tax rate is lower within an FTZ than outside, meaning that businesses can save money by operating there.
• Economic Growth: FTZs contribute significantly to economic growth through increased trade activity, job creation, and investment attraction.