foreign trade zone

foreign trade zone foreign trade zone zone1

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foreign trade zone UK US noun [C] (abbreviation FTZ, also free trade zone) COMMERCE, TAX
a port, airport, or other area into which goods can be brought and stored without paying import tax before being exported to another country

Financial and business terms. 2012.

Look at other dictionaries:

  • foreign trade zone — foreign trade zone, a port or area where foreign goods may be unloaded, stored, and shipped without being subject to customs duties or taxes; free trade area; free port …   Useful english dictionary

  • foreign trade zone — Areas within the United States, but outside the customs zone, where foreign merchandise may be brought without formal customs entry and payment of duty for virtually any legal purpose including storage, grading, sampling, cleaning, or packaging.… …   Black's law dictionary

  • foreign-trade zone — An isolated policed area adjacent to a port of entry where foreign goods may be unloaded for immediate transhipment or stored, repacked, sorted, mixed, or otherwise manipulated without being subject to import duties. 21 Am J2d Cust D § 17 …   Ballentine's law dictionary

  • foreign-trade zone — noun : an isolated policed area adjacent to a port of entry (as a seaport or airport) where foreign goods may be unloaded for immediate transshipment or stored, repacked, sorted, mixed, or otherwise manipulated without being subject to import… …   Useful english dictionary

  • foreign-trade zone — /fawr in trayd , for /. See free port (def. 1). * * * …   Universalium

  • foreign trade zone — See free port …   Big dictionary of business and management

  • Foreign Trade —    The foreign markets for Israeli products and even the pattern of industrial growth were shaped by the Arab boycott that precluded the possibility of Israel developing close trade links to the economies of its immediate neighbors. Instead, the… …   Historical Dictionary of Israel

  • foreign/free trade zone — (FTZ)  A special government program or location where firms can import materials and not pay duties until products made from the materials leave the FTZ. Products that are exported are exempt from import duty …   American business jargon

  • free-trade zone — foreign trade zone. See free port (def. 1). Abbr.: FTZ * * * Area within which goods may be landed, handled, and re exported freely. The purpose is to remove obstacles to trade and to permit quick turnaround of ships and planes. Only when the… …   Universalium

  • Free Trade Zone —    A designated area within a country in which businesses can operate free of customs duties or currency restrictions. Profits are usually tax free for a set period. Also known as a free trade processing zone and a foreign trade zone. * * * free… …   Financial and business terms

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