Free-trade zone - Wikipedia
WEBA free-trade zone (FTZ) is a class of special economic zone. [1] [2] It is a geographic area where goods may be imported, stored, handled, manufactured, or reconfigured and re-exported under specific customs regulation and generally not subject to customs duty.
Here’s everything you need to know about the world’s free trade …
WEBMay 6, 2016 · What exactly are free trade areas? The OECD defines a free trade area as a group of “countries within which tariffs and non-tariff trade barriers between the members are generally abolished but with no common trade policy toward non-members”.
Free-trade zone | Export, Tariffs & Customs | Britannica Money
WEBAug 26, 2024 · Free-trade zones are organized around major seaports, international airports, and national frontiers—areas with many geographic advantages for trade. Examples include Hong Kong, Singapore, Colón (Panama), Copenhagen, Stockholm, Gdańsk (Poland), Los Angeles, and New York City.
What Is a Free Trade Area? Definition, Benefits, and Disadvantages
WEBAug 28, 2024 · A free trade area is a region in which several countries sign a free trade agreement and maintain little to no barriers to trade in the form of tariffs or quotas among one another. Free trade...
About FTZs - International Trade Administration
WEBBy reducing costs, FTZs level the playing field and improve U.S. competitiveness. FTZs can help businesses reduce production, transaction, and logistics-related costs by lowering effective duty rates, allowing special entry procedures, and …
About Foreign-Trade Zones and Contact Info
WEBForeign-Trade Zones (FTZ) are secure areas under U.S. Customs and Border Protection (CBP) supervision that are generally considered outside CBP territory upon activation. Located in or near CBP ports of entry, they are the United States' version of what are known internationally as free-trade zones.
Zone Information - FTZ - International Trade Administration
WEBThe International Trade Administration, U.S. Department of Commerce, manages this global trade site to provide access to ITA information on promoting trade and investment, strengthening the competitiveness of U.S. industry, and ensuring fair trade and compliance with trade laws and agreements. External links to other Internet sites should not ...
North American Free Trade Agreement - U.S. Customs and Border Protection
WEBNorth American Free Trade Agreement (NAFTA) established a free-trade zone in North America; it was signed in 1992 by Canada, Mexico, and the United States and took effect on Jan. 1, 1994. NAFTA immediately lifted tariffs on the majority of goods produced by the signatory nations.
Explainer: Free trade zones and free trade agreements
WEBWhat’s a free trade zone? A free trade zone (FTZ) is a type of special economic zone where goods can be imported, stored, handled, manufactured or transformed and re-exported under special customs regimes and generally free of customs duties.
Free trade zones - OECD
WEBFree Trade Zones (FTZ) have been established at a record rate over the past decades to attract new business and foreign investment. They play a central role for many countries and leading manufacturers.