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  • Free Trade Zones: The Problem Child of Global Trade
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17 November 2020CopyrightEdward Pearcey

Free Trade Zones: The Problem Child of Global Trade

“Free trade zones (FTZs) are the problem child of global trade,” said Jeffrey Hardy, Director General at the Transnational Alliance to Combat Illicit Trade (US). “On one hand they are highly valued for their contributions to trade facilitation, but on the other hand they are criticized for vulnerabilities that allow many forms of illicit trade and other illegal activities.”

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Free trade zones fostering counterfeit activity: EUIPO and OECD
16 March 2018   An additional free trade zone within an economy increases the value of counterfeit goods exported from the economy by 5.9%, according to a new report.


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