freeport Definition and Meaning in English (freeport definition)

noun
Synonyms:free trade zoneforeign trade zone
Quick Answer • Definition

Freeport definition: A designated area, typically a port or airport, where goods can be imported, stored, processed, and re-exported without being subject to the usual customs duties and taxes.

Definitions of Freeport

  1. 1noun(formal)

    A designated area, typically a port or airport, where goods can be imported, stored, processed, and re-exported without being subject to the usual customs duties and taxes.

Example Sentences

business

“The company decided to set up its new manufacturing unit within the freeport to take advantage of the tax benefits.”

Synonyms

free trade zoneforeign trade zone

Inflected Word Forms

pluralfreeports

Frequently Asked Questions: Freeport in English

What is the meaning of Freeport in English?▼
Freeport definition: A designated area, typically a port or airport, where goods can be imported, stored, processed, and re-exported without being subject to the usual customs duties and taxes.
How do you translate 'Freeport' to English?▼
'Freeport' translates to 'freeport' in English. Freeport definition: A designated area, typically a port or airport, where goods can be imported, stored, processed, and re-exported without being subject to the usual customs duties and taxes.
How do you pronounce 'Freeport' and 'freeport'?▼
Listen to clear English audio pronunciation of 'Freeport' and native English audio speech for 'freeport' with bilingual sentence examples on DictBridge.

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