Definitions for "Foreign Trade Zone"
Secured areas legally outside of a nation's CBP territory.
A site sanctioned by the U.S. Customs Service in which imported goods are exempted from duties until withdrawn for domestic sale or use. Such zones are used for commercial warehouses or assembly plants.
An area within a country where imported goods can be stored or processed without being subject to import duty. Also called a "free zone," "free port," or "bonded warehouse."
an area considered outside of the U
an area in the United States that is not considered "in the U
an area located in or adjacent to a U
Keywords:  tariffs, delay, avoid, firms, imports
A physical area in which the government allows firms to delay or avoid paying tariffs on imports.