Free Trade Zones (FTZs) are designated areas within a country where goods can be imported, stored, and processed without being subject to the usual customs duties and tariffs. These zones aim to encourage international trade by reducing costs and simplifying regulations for businesses. Companies operating in FTZs can often enjoy faster customs procedures and greater flexibility in managing their inventory. Businesses in FTZs can manufacture, assemble, or repack products before exporting them to other countries. This setup can attract foreign investment and create jobs, benefiting the local economy. Examples of FTZs include the Shenzhen Special Economic Zone in China and the Jebel Ali Free Zone in Dubai.