Foreign Trade Zone in the United States

Foreign Trade Zone (ftz) in the International Business Landscape

Definition of Foreign Trade Zone (ftz) in the context of U.S. international business and public trade policy: Geographical area in which imported or exported goods receive preferential tariff treatment.

Concept of Foreign Trade Zone (FTZ) in Foreign Trade

A definition of Foreign Trade Zone (FTZ) in relation with foreign trade is provided here: Specially licensed commercial and industrial areas in or near ports of entry where foreign and domestic goods, including raw materials, components, and finished goods, may be brought in without being subject to payment of customs duties. Goods brought into these zones may be stored, sold, exhibited, repacked, assembled, sorted, graded, cleaned, manufactured, or otherwise manipulated prior to re-export or entry into the country’s customs territory. Goods entering an FTZ are included in General Imports but not Imports for Consumption. They are considered Imports for Consumption if they leave the FTZ for domestic consumption.

Concept of Automated Foreign Trade Zone Reporting Program (AFTZRP) in Foreign Trade

A definition of Automated Foreign Trade Zone Reporting Program (AFTZRP) in relation with foreign trade is provided here: The electronic reporting program used to transmit statistical data on goods admitted into a FTZ directly to the Census Bureau.

The International Trade Field in the American Encyclopedia of Law

The instruments of international trade practice and policy in the United States, such as border taxes (tariffs) and restrictions on the volume of imports or exports (quotas) are in the hands of the U.S. government and the U.S. Congress. This topic includes an overview of the United States legal system regarding international trade, and a general normative approach to the legal rules regulating trade. Particular issues covered by this topic in the American encyclopedia of law cover international trade investments, antidumping and subsidies rules, international trade litigation, the escape clause for troubled industries, nontariff barriers, the most-favored-nation principle, trade customs, non-discrimination obligations in international trade, technical barriers to trade, the importance of the International Trade Commission, international political risk and international dispute resolution in the trade legal area.