Posted By: | December 01, 2020 |

Nigeria Free Trade Zone: ?Frequently Asked Questions (faqs

An FTZ is a designated location in a geographical area where enterprises can operate without trade barriers, bureaucratic bottlenecks and customs interference in order to attract new businesses and foreign participation. Goods may be landed, handled, manufactured or reconfigured and re-exported without the intervention of the customs authorities in an FTZ. Goods or services become subjected to customs duties only when they are moved to consumers outside the FTZ but within the country in which the FTZ is located (the customs territory).

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