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For What Purposes is a Free Zone Established?

FOR WHAT PURPOSES ARE FREE ZONES ESTABLISHED?

The primary establishment purposes of free zones are to increase foreign capital investments and foreign trade, to contribute to the international competitiveness of domestic manufacturers by providing them with inputs at the price of the world markets, to increase export by promoting the development of export-oriented industries, to increase inflow of foreign currency, to help solve the employment problem by creating new job opportunities, to raise economic standards by transferring advanced production and management techniques from abroad. Free zones are also one of the policies used especially by developing countries for a rapid integration with the world economy.  

The establishment purposes of the free zones in our country are listed as follows:

  • To increase investment and production for export,
  • To accelerate foreign capital and technology transfer,
  • To provide input needs of the economy in a cheap and regular way,
  • To benefit more from foreign financing and trade opportunities.