The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

FREE TRADE ZONE (FTZ) Definition & Legal Meaning

Definition & Citations:

Duty-free area in an airport, seaport, or other designated area. After paying the required duties, allows for goods stored, displayed, assembled, or processed for re-export or general market entry in the importing country. Includes raw materials, components, subassemblies, semi finished or finished goods. Known also as foreign trade Zone or free zone.


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