Economics · International Trade
Which of the following best describes a 'Free Trade Zone'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A zone dedicated exclusively to commercial educational services free of service tax.
- 2A zone where agricultural products are completely free from trade restrictions.
- 3A zone where industries are exempt from customs and excise duties and produce primarily for export.✓
- 4A zone where industries are completely exempt from income tax.
Correct answer
A zone where industries are exempt from customs and excise duties and produce primarily for export.
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