What is the difference between a free trade zone and a free port?


Freeport is a port area where the economy is mainly engaged in trade and is free to carry out cargo handling, handling, re-export and processing. Foreign goods in the free port can be exempted from customs duties and without inspection by customs officers. Freeport is mainly engaged in entrepot trade, but some will also be processed and traveled to Shanghai’s free trade zone, which refers to one or more areas that eliminate tariffs and trade quotas and have less administrative intervention on the economy. Freeport is just a free and free port free trade area is provided without a government intervention, economic freedom to develop areas

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