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U.S. Foreign-Trade Zones: Background and Issues for Congress
U.S. Foreign-Trade Zones: Background and Issues for Congress
Our Price: $20.00
By Mary Jane Bolle (au); Brock R. Williams (au)
Year: 2012
Pages: 31
Binding Paperback
ISBN 978-1-4578-3871-2

Product Code: 1457838710

U.S. foreign-trade zones (FTZs) are geographic areas declared to be outside the normal customs territory of the U.S. This means that, for foreign merchandise entering FTZs and re-exported as different products, customs procedures are streamlined and tariffs do not apply. For products intended for U.S. consumption, full customs procedures are applied and duties are payable when they exit the FTZ. In 1934, in the midst of the Great Depression, Congress passed the U.S. Foreign-Trade Zones Act to expedite and encourage international trade while promoting domestic activity and investment. The U.S. FTZ program offers a variety of customs benefits to businesses which combine foreign and domestic merchandise in FTZs. Similar types of zones exist in 135 countries, employing worldwide about 66 million workers. Contents of this report: Introduction; Background on Free Trade Zones; The U.S. FTZ Program; Current FTZ and Worldwide Zone-Related Issues for Congress; Outlook: Future of U.S. FTZs and Zones Worldwide? Figures and tables. This is a print on demand report.

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