transit zone

transit zone definition - business

transit zone

An area adjacent to a port in which goods are stored for the benefit of a neighboring country without port facilities. Goods that enter and exit the transit zone are not subject to duties or quotas of the host country. A transit zone is a limited version of a free trade zone.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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