Foreign Trade Zones are free ports provided by the import trading companies to stimulate international trade by allowing the receipt of imports to be duty free.

Question

Quizplus · Accepted Answer

Foreign Trade Zones (FTZs) are designated areas within the United States where goods can be imported, stored, and manipulated without immediate imposition of customs duties or taxes, aimed at encouraging economic activity and trade. They are not provided by import trading companies but are authorized by the government.

Foreign Trade Zones Are Free Ports Provided by the Import