The situation has prompted the association to seek government assistance for the zone that would reduce the costs of doing business there.
"This can be done without the need for a change in the law and it may be a decision that involves only a board meeting," the association said. "It is imperative that the executive and the National Assembly approve reforms to the law which will provide better tax conditions and equal footing compared to any other free zone or special economic area in the country to make it attractive for new investors."
According to statistics from the association, during 2015 a total of 125 businesses closed.
Figures from the Comptroller indicate that the commercial movement in the free zone between January and November of 2015 was $20.3 billion, almost $2.3 billion less than the same period of 2014.