A Foreign Trade Zone (FTZ) is a duty-free, quota-free,
secured area in a designated cutoms “port
of entry,” considered outside U.S. Customs
territory. Within an FTZ, foreign goods can be brought
into the United States without formal customs entry
for warehousing, assembly, manufacture, display,
destruction, or other processing. Duty payments
can be deferred, reduced, or eliminated when an
FTZ is utilized.
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