Free Trade Zones: A Free Ride for Counterfeiters?

By oecdonthelevel. The ancient Phoenicians invented them. The Romans extended their trade dominance thanks to them. Gibraltar and Singapore were two later examples, established in 1704 and 1819, respectively. But it wasn’t until 1959 that the first modern Free Trade Zone was established, in Shannon, Ireland—an aeroplane refuelling stop about to be made superfluous by the advent of long-haul jet travel. More...