1. A designated geographic area where goods can be imported, stored, handled, manufactured, or reconfigured, and re-exported with minimal customs duties and tariffs
The company established its distribution center in a free trade zone to reduce import costs.
A empresa estabeleceu seu centro de distribuição em uma zona de livre comércio para reduzir custos de importação.
2. An area where international trade is conducted with reduced or eliminated tariff barriers between participating countries
The NAFTA agreement created a free trade zone across North America.
O acordo NAFTA criou uma zona de livre comércio na América do Norte.