What is a Foreign Trade Zone? A United States Foreign Trade Zone (FTZ) is a geographic location within the United States but is considered to be outside of Customs territory. Similar to a Bonded Warehouse, (inside Customs territory) many prerequisites for entry such as quotas are not to be adhered to. Additionally, goods may be transferred to a foreign trade zone with less formality than the bonded warehouse. What are its advantages? 1. Both Domestic as well as foreign goods may be stored in a foreign trade zone for an[...]
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