Influence on Global Interactions

• Economic Stimulation: FTZs lure foreign investors, leading to an upswing in international businesses, stimulating local economies, and increasing employment.
• Trade Relations: The elimination of tariffs fosters seamless trade relations, allowing countries to strengthen their economic ties and encourage interdependence.
• Technological Advancements: International entities in FTZs introduce cutting-edge technologies and innovative business practices, facilitating the host countries' technological progression.
• Supply Chain Enhancement: FTZs, with their efficient customs procedures, become pivotal nodes in global supply chains, ensuring faster delivery of goods and streamlining international logistics.