What are Foreign Trade Zones?What are Foreign Trade Zones?
What are Foreign Trade Zones?

“Located in or near U.S. ports, foreign trade zones are secure areas that are under U.S. Customs and Border Protection (CBP) supervision, though considered outside of CBP territory. Merchandise may enter the U.S. via a FTZ without a formal customs entry, without payment of customs duties or excise taxes, and without a thorough examination.”

[https://www.kanbanlogistics.com/understanding-foreign-trade-zone-benefits/]

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