transit zone - Business Definition
The American Heritage® Dictionary of Business Terms Copyright © 2010 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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.