free trade zone (FTZ)
Definition
Airport, seaport, or any other designated area for duty-free import of raw materials, components, sub-assemblies, semi-finished or finished goods. Such items can be stored, displayed, assembled, or processed for re-export or entry into the general market of the importing country (after paying the required duties). Also called foreign trade Zone or free zone.
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free trade zone (FTZ) is in the Banking, Commerce & Finance, Customs Documentation & Procedures and Economics, Politics, & Society subjects.
free trade zone (FTZ) appears in the definitions of the following terms: foreign access zone (FAZ) and export processing zone (EPZ)
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