Developing countries often create free trade zones where
A)duties and tariffs are imposed as long as production is used primarily for export.
B)duties and tariffs are imposed as long as production is used primarily for import.
C)duties and tariffs are relaxed as long as production is used primarily for export.
D)duties and tariffs are relaxed as long as production is used primarily for import.

Question

Quizplus · Accepted Answer

Developing countries often create free trade zones in order to increase exports and attract foreign investment. In these zones, duties and tariffs on imported materials and machinery are relaxed, and sometimes even eliminated completely, in order to encourage production that is primarily for export. This helps to make the goods produced in the zone more competitive on the global market, and can help to spur economic growth in the region.

Developing Countries Often Create Free Trade Zones Where