Question

Which of the following is an example of a Middle Eastern country designating an area for manufacturing with no import duties?

A free-trade zone

A most-favored-nation status

A common market

A free-trade agreement

Answer 1

i think it is a free trade zone

Answer 2

The Correct Answer is "free-trade zone".

Step-by-step explanation:

Free-trade zone, also designated foreign-trade zone, previously unoccupied port, an area within which assets may be settled, managed, produced or reconfigured without the interference of the customs administrations.

Advantages of practicing an FTZ.

• Deferral, modification, or removal of certain services.
• Assistance from inverted taxes.