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free port

Syllabification: free port

Definition of free port in English:

noun

1A port open to all traders.
Example sentences
  • One of the first Latin American countries to open a free port, Paraguay became a centre of retail commerce of foreign goods, representing a substantial slice of its country's economy.
  • Another 80 marines deployed to the free port of Monrovia to conduct engineering work needed to open the port to humanitarian relief.
  • A new urban creation, the free port, challenged the old commercial and shipping powers.
1.1A port area where goods in transit are exempt from customs duty.
Example sentences
  • The economy shifted to trade, and in 1724 Charlotte Amalie became a free port where goods were exempt from customs duties and regulation.
  • A decree substantially enlarging the free port area, which is located along a 15 km stretch on both sides of the Daugava River, came into force this year.
  • Nonetheless, when the city obtained the privileged tariff status of a free port in 1784, goods arriving from abroad at Bayonne rose by 60 per cent.

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