Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “foreign trade zone”

foreign trade zone

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
(Definition of foreign trade zone noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of foreign trade zone

Word of the Day

amicable

relating to behaviour between people that is pleasant and friendly, often despite a difficult situation

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More