Nations sometimes form free-trade associations and establish areas where there are few, if any, export and import duties or other regulations that would act as barriers to trade among partners.These are called:
A)free trade zones
B)preferred tariff pacts
C)interaction zones
D)customary-duty areas
E)regulation-free zones

Question

Quizplus · Accepted Answer

Free trade zones are areas where goods may be landed, handled, manufactured, or reconfigured, and re-exported without the intervention of the customs authorities. Only when the goods move to consumers within the country in which the zone is located do they become subject to the prevailing customs duties.

Nations Sometimes Form Free-Trade Associations and Establish Areas Where There