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U.S. Foreign-Trade Zones: Background and Issues for Congress

U.S. Foreign-Trade Zones: Background and Issues for Congress

Paperback

General Reference

ISBN10: 1503277526
ISBN13: 9781503277526
Publisher: Createspace
Published: Dec 31 2014
Pages: 34
Weight: 0.17
Height: 0.07 Width: 7.01 Depth: 10.00
Language: English
U.S. foreign-trade zones (FTZs) are geographic areas declared to be outside the normal customs territory of the United States. This means that, for foreign merchandise entering FTZs and reexported as different products, customs procedures are streamlined and tariffs do not apply. For products intended for U.S. consumption, full customs procedures are applied and duties are payable when they exit the FTZ.

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