A(n)________ is a geographic area where imported or exported goods receive preferential tariff treatment.

Question

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A foreign trade zone is a geographic area where imported or exported goods receive preferential tariff treatment. It allows companies to defer payment of customs duties until the goods are moved out of the zone and into the domestic market. This can help reduce costs and improve cash flow for businesses engaged in international trade. Free trade zones, on the other hand, refer to a broader concept that encompasses not just trade with foreign countries but also within a country. They allow for the free movement of goods and services between participating countries, often with reduced or eliminated tariffs and trade barriers.

A(n)________ Is a Geographic Area Where Imported or Exported Goods