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

ISBN: 1503277526

ISBN13: 9781503277526

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

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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