1. A designated geographical area where goods can be imported, stored, handled, manufactured, or reconfigured, and re-exported with minimal customs duties and tariffs.
The free trade zone attracts multinational companies seeking to reduce import costs.
A zona de livre comércio atrai empresas multinacionais que buscam reduzir custos de importação.
2. An agreement between two or more countries to eliminate tariffs and trade barriers on goods exchanged between them.
The MERCOSUR free trade zone has facilitated commerce among South American nations.
A zona de livre comércio do MERCOSUL facilitou o comércio entre as nações sul-americanas.