A foreign trade zone is primarily used by governments to ________.
A) protect currency rates
B) enforce tariffs and duties
C) monitor foreign investments
D) spur economic development

Question

Quizplus · Accepted Answer

Foreign trade zones are typically established by governments to promote and facilitate economic development by offering certain advantages to businesses, such as duty deferral, inverted tariffs, and streamlined customs procedures. They are meant to attract foreign investment and boost international trade, ultimately leading to increased job creation and economic growth.

A Foreign Trade Zone Is Primarily Used by Governments to ________