 What
is a FTZ? |
A Free Trade Zone ( FTZ
) is a specified area within the political borders
of a country but considered outside the custom
borders, where all types of industrial and commercial
activities are encouraged through tax exemptions
and incentives with the following objectives:
Increasing export oriented investment and production,
Accelerating the inflow of foreign capital and
technology,
Increasing the employment and procuring the economic
resources in an effective and efficient manner
by creating a value added input to the economy,
Increasing the utilization of external finance
and trade possibilities.
The Council of Ministers
of Turkey is authorized to specify through the
Free Trade Zone Legislation No. 3218, is authorized
to specify and determine the location, the boundaries
and activities of Free Trade Zones in Turkey.
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