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Free Zones 4.0, a Model Under Construction in Latin America

Summary by T21
LIMA, PE. – A free zone is not a large duty free. A free zone is an area determined by a jurisdiction that has a special customs or tax regime, where one or more companies are set up to produce, manufacture, transform goods or provide services. The purpose of installing a free zone for a government is to create jobs, attract investment and boost international trade. Currently, in Latin America there are at least 800 free zones, with more than 10…
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LIMA, PE. – A free zone is not a large duty free. A free zone is an area determined by a jurisdiction that has a special customs or tax regime, where one or more companies are set up to produce, manufacture, transform goods or provide services. The purpose of installing a free zone for a government is to create jobs, attract investment and boost international trade. Currently, in Latin America there are at least 800 free zones, with more than 10…

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T21 broke the news in on Monday, June 30, 2025.
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