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