A foreign trade zone

Name: A foreign trade zone
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Foreign trade zones are a way for foreign firms to avoid some entry barriers. This may result in lower costs of good which may be passed on as lower prices for goods sold in the importing country. Because foreign trade zones are very secure, insurance expenses are typically lower. Because products may be assembled in within the foreign trade zone, a favorable country-of-origin effect may be induced.

A Foreign Trade Zone