Fiona's company imports materials and parts into an FTZ within the United States and then exports finished products to other countries.Her company will have to pay:

Question

Quizplus · Accepted Answer

A foreign-trade zone (FTZ) is a designated area within the United States where companies can bring in foreign goods for the purpose of assembly, manufacturing, processing, and re-export. Because the goods are not considered to have entered the United States for customs purposes, no tariffs or customs duties are paid on the goods until they leave the FTZ and enter the United States for consumption. Once they are exported to other countries, there are no tariffs or customs duties levied on the finished products.

Fiona's Company Imports Materials and Parts into an FTZ Within