The Aegean Free Trade Free Zone was established in 1990, covering an area of ??220 hectares. It is Turkey’s largest export processing base. There are more than 100 foreign companies and 300 local manufacturers and trading companies in the park. .In addition, the duty-free zone is close to Izmir International Airport and Izmir Port, with convenient transportation. It is located at the crossroads leading to Europe, the Middle East, Africa, and Asia, and has vast market potential. Tongjer pointed out that it takes 20 days to transport products from China to Europe, while it only takes 10 days to transport manufactured products from the duty-free zone to Europe.
The "Aegean Free Trade Duty Free Zone" is located in Izmir, Turkey's third largest city, and is developed and managed by the American Esbash Company. There are 20 bonded zones in Turkey, among which AFZ attracts the most foreign investment and employs the most employees. Unlike most bonded zones, companies in the AFZ park can sell their products directly to the Turkish market at export prices. Products manufactured by manufacturing enterprises in the park can be sold directly to the Turkish market without tariffs; trading enterprises must pay tariffs and value-added tax when selling products to the local market. .
In 2003, ESBAS established a representative office in Beijing, hoping to attract investment from Chinese companies. In April 2005, ESBAS held the China Business Development Festival in AFZ. Participants included former Chinese Ambassador to Turkey Song Aiguo and important figures in the political and business circles of the two countries. In 2006, ESBAS signed a memorandum of understanding on cooperation with Tianjin Port Free Trade Zone and Shanghai Waigaoqiao Free Trade Zone, with a view to promoting cooperation between the two bonded zones and promoting the cooperative development of bilateral trade and industry. In November 2007, the Aegean Free Trade Zone was awarded the title of "Best Investment and Development Zone for Chinese Enterprises" by the China International Multinational Corporation Research Association. The Chinese Ministry of Commerce approved the Inter-Research Association to hold an awards ceremony in Beijing. Chinese companies invested in production in the AFZ and produced Turkish products, thus circumventing the import restrictions and high tariffs on Chinese products imposed by many countries (especially Europe and the United States). Turkey has signed a free trade agreement with the EU and some other countries, and goods with the "Made in Turkey" label can circulate freely among the agreement partner countries without paying tariffs and with simplified procedures. When selling products to non-agreement partner countries, duties and procedures must be paid and completed in accordance with the customs policies between Turkey and the importing country. Cheng Siwei, Vice Chairman of the Standing Committee of the Family Congress, presented the award to ESBAS as the chairman of the conference. Unlike most bonded zones, companies in the AFZ park can sell their products directly to the Turkish market at export prices. Products manufactured by manufacturing enterprises in the park can be sold directly to the Turkish market without tariffs; when trading enterprises sell products to the local market, they are required to pay tariffs and value-added tax. Goods, machinery and equipment purchased in the Aegean Free Trade Zone are exempt from tariffs and VAT. Purchased goods can be stored in the AFZ indefinitely. There is 100% exemption from corporate tax and income tax on employee income for production enterprises in the zone. Banks in the zone offer attractive loan conditions. Income and expenditure can be transferred overseas freely. Transactions in U.S. dollars avoid losses in foreign currency exchange and inflation. Foreign enterprises can be wholly-owned, and joint ventures can operate in the bonded zone, with no restrictions on the proportion of capital contribution. AFZ is located at the crossroads leading to Europe, the Middle East, Africa, and Asia, connecting the vast market. Including Türkiye's domestic market (70 million consumers), Türkiye's neighboring countries market (1 billion consumers). AFZ is located close to Izmir Menderes International Airport (10 minutes' drive), with scheduled flights to major cities around the world every day. Within a three-hour flight, you can reach 1.5 billion consumers with high spending power. It takes 20 minutes to drive to the center of Izmir and Izmir Port. Izmir Port is Turkey's largest container export terminal, and 50% of Turkey's export products are shipped from here to all over the world. Containers are shipped from Turkey to surrounding countries within 10 days, which greatly shortens the order cycle. In March 2007, Hong Kong's Hutchison Whampoa Group acquired Izmir Port at a high price of US$1.3 billion. It will increase the operating capacity of Izmir Port by 3.5 times, improve logistics service capabilities, reduce port operating expenses, and ensure the safety of exporters. Benefit. Hutchison Port, a subsidiary of Hutchison Whampoa Group, operates 45 ports in 25 countries and is the world's largest container port operator.
At the same time, goods pass through the highway network from AFZ, and the railway network can smoothly reach all parts of Türkiye.
In 2008, the subway will be connected to AFZ
Local universities and vocational schools provide qualified management and labor personnel, with abundant labor resources and labor costs 50% lower than those in Europe and the United States
AFZ has a world-class foundation facility. There are built factories and warehouses, technical centers, concert halls, sports venues, nurseries, clinics and Turkish Airlines training camps in the park. ESBAS provides a variety of thoughtful services to eliminate the tedious work of negotiating between enterprises and governments. Services include: leasing of land, factories, and warehouses; water, electricity, natural gas, and garbage disposal; cargo handling; safety, fire prevention and control; equipment leasing; building repairs and maintenance; customs brokerage services, invoices, and port-related business services; Human resources services; cafes, restaurants, restaurants and catering services.