Difference between revisions of "Foreign Trade Zone"
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| − | A '''Foreign Trade Zone''' is a free port in a country divorced from [[Customs]] authority but under [[government]] control. Merchandise, except that which is prohibited, may be stored in the zone without being subject to import duty regulations.<ref> | + | A '''Foreign Trade Zone''' is a free port in a country divorced from [[Customs]] authority but under [[government]] control. Merchandise, except that which is prohibited, may be stored in the zone without being subject to import duty regulations.<ref>[http://www.marad.dot.gov/publications/glossary/F.html U.S. Department of Transportation Maritime Administration]</ref> |
==References== | ==References== | ||
<references/> | <references/> | ||
[[Category:Shipping Terms]][[Category:Economics]] | [[Category:Shipping Terms]][[Category:Economics]] | ||
Latest revision as of 13:04, July 13, 2016
A Foreign Trade Zone is a free port in a country divorced from Customs authority but under government control. Merchandise, except that which is prohibited, may be stored in the zone without being subject to import duty regulations.[1]