Daily Point 2160 - Foreign Trade Zone (FTZ)

 

The Banking Tutor

                                Daily Point 2160

Foreign Trade Zone (FTZ)

 

A Foreign Trade Zone (FTZ), also known as a free trade zone, is a designated area within a country where goods can be imported, stored, processed, or manufactured, and then re-exported, without being subject to customs duties or other regulations until they enter the country's domestic market.

Sekhar Pariti

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