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Foreign Trade Zones (FTZs)

Foreign Trade Zones (FTZs) are designated areas within the U.S. where goods can be imported, stored, assembled, or manufactured with reduced or deferred customs duties and regulations. They function as buffer zones that facilitate international trade by streamlining logistics and lowering costs. Businesses benefit from simplified procedures, faster clearance, and the opportunity to delay or reduce tariffs until goods leave the zone for consumption. FTZs aim to boost economic activity, attract foreign investment, and enhance global competitiveness by making importing and exporting more efficient.