Meaning of Freeport | Babel Free

Definitions

1. A city on Grand Bahama in the Bahamas.
2. A village in Nova Scotia, Canada.
3. A census-designated place in Sacramento County, California, United States.
4. A small city in Walton County, Florida, United States.
5. A city, the county seat of Stephenson County, Illinois, United States.
6. An unincorporated community in Shelby County, Indiana, United States.
7. An unincorporated community in Harper County, Kansas, United States.
8. A town in Cumberland County, Maine, United States.
9. A village in Barry County, Michigan, United States.
10. A small city in Stearns County, Minnesota, United States.
11. A large village in Nassau County, New York, United States.
12. A village in Harrison County, Ohio, United States.
13. A borough of Armstrong County, Pennsylvania, United States.
14. A city in Brazoria County, Texas, United States.
15. An unincorporated community in Wirt County, West Virginia, United States.

Equivalents

Examples

“Iris scanners, magnetic locks, and a security system known as Cerberus guard the freeport’s storerooms, whose contents are said to be insured for a hundred billion dollars, but the facility retains a blue-collar feel. […] A freeport offers few tax advantages and scarcely any security features that a standard bonded warehouse cannot provide. But Bouvier’s development in Singapore carried within it two ideas. The first is that freeports will become hubs in the sixty-billion-dollar international art market, destinations in themselves—places for scholars, restorers, insurers, art-finance specialists, consultants, and dealers.”

“Freeports, which can be airports and maritime ports, are a special kind of port where normal tax and customs regulations do not apply. [...] Businesses operating inside the designated areas in and around the port can manufacture goods using these imports and add value, before exporting again without ever facing full tariffs or procedures. Should the goods move out of the freeport into another part of the country, then they must go through the full import process - including paying any tariffs.”

CEFR level