Freeports and FTZs
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Freeports and FTZs
Description
Specialized areas that play a significant role in the art market. They provide specific benefits to collectors, dealers, and investors involved in the buying, selling, and storing of artworks. Freeports are warehouse complex specialized in art storage and trading, they are located in free-trade zone. A free-trade zone (FTZ) is a class of special economic zone. It is a geographic area where goods may be imported, stored, handled, manufactured, or reconfigured and re-exported under specific customs regulation and generally not subject to customs duty.
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