– Customs and taxation-advantaged places, including:
Foreign Trade Zones (also known as Free Trade Zones)—are areas with special
customs procedures. Items that are imported and then re-exported through such
locations are not subject to duty.
Bonded logistics parks—include a set of warehouses where imported goods can be
stored without duties paid until they are released into the country. Many logistics
parks may have a bonded warehousing area within the park—typically near ports
and airports.
Export Processing Zones—these are specific areas or sometimes even ‘‘virtual
zones’’ that provide a set of export subsidies offered by the government to
exporting industries.