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Customs Glossary/Free Trade Zone (FTZ)

Free Trade Zone (FTZ)

Customs proceduresArt. 243-249 – Regulation (EU) No 952/2013 (UCC)

PL: Strefa wolnego handlu (FTZ) | DE: Freihandelszone (FTZ)

Definition

A Free Trade Zone is a designated area within a country where foreign goods can be imported, stored, processed, and re-exported without standard customs procedures and duties. In the EU, the equivalent is free zones (Art. 243-249 UCC). These zones serve to attract investment and facilitate trade. Goods in the zone retain non-Union goods status until placed on the EU market.

Legal Basis

Related Terms

Free Trade Zone (FTZ) — Customs Glossary | Celna24.com | Celna24.com