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Free
Trade Zones
The Shannon Free Trade Zone, located at the Shannon
International Airport, is the world's oldest free zone and was
established in 1947. This facility is attractive as an
international distribution and warehouse center serving Western
Europe because it provides the unique combination of a custom-free
industrial zone and direct access to air and surface transport to
the United Kingdom and other European markets. Raw materials and
partly or completely manufactured products may be imported into
the free zone in any quantity and held there without payment of
duties or taxes. Processing, sorting, grading, or repackaging of
the goods may take place within the zone, and buildings may be
leased or built. As sales require, the goods held in the free zone
may then be withdrawn from inventory and reexported to other
countries or imported into Ireland for consumption after payment
of appropriate duties, value-added taxes, and excise duties. If
the goods are reexported to another country, duties and taxes, as
appropriate, will be payable in that country.
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