foreign/free trade zone

 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. 2014.

Look at other dictionaries:

  • 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 free trade zone (FTZ) or export processing zone (EPZ) is one or more special areas of a country where some normal trade barriers such as tariffs and quotas are eliminated and bureaucratic requirements are lowered in hopes of attracting new… …   Wikipedia

  • 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

  • free trade zone — See foreign trade zone …   Black's law dictionary

  • free-trade zone — noun : foreign trade zone * * * foreign trade zone. See free port (def. 1). Abbr.: FTZ …   Useful english dictionary

  • foreign trade zone — ➔ zone1 * * * 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

  • Free trade — Not to be confused with Free market. World trade A series on Trade …   Wikipedia

  • 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

  • free trade area — free trade area, = foreign trade zone. (Cf. ↑foreign trade zone) …   Useful english dictionary

  • Free Trade Area of the Americas — The Free Trade Area of the Americas (FTAA) (Spanish: Área de Libre Comercio de las Américas (ALCA), French: Zone de libre échange des Amériques (ZLÉA), Portuguese: Área de Livre Comércio das Américas (ALCA), Dutch: Vrijhandelszone van de Amerika… …   Wikipedia

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