foreign trade zone Meaning in the Cambridge English Dictionary
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Meaning of “foreign trade zone” in the English Dictionary

"foreign trade zone" in Business English

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foreign trade zonenoun [C]

uk   us   (abbreviation FTZ, also free trade zone) COMMERCE, TAX
a ​port, ​airport, or other ​area into which ​goods can be ​brought and ​stored without ​payingimporttax before being ​exported to another country
(Definition of foreign trade zone from the Cambridge Business English Dictionary © Cambridge University Press)
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