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A free trade zone is normally established in a single country, although there are a few exceptions where a free zone may cross a national border, such as the Syrian/Jordanian Free Trade Zone. [21] Free trade areas are set up between countries; for example, the Latin America Free Trade Association (LAFTA) was created in the 1960 Treaty of ...
From the House Rules: The jurisdiction of the Subcommittee on Trade shall include bills and matters referred to the Committee on Ways and Means that relate to customs and customs administration including tariff and import fee structure, classification, valuation of and special rules applying to imports, and special tariff provisions and procedures which relate to customs operation affecting ...
Terms include free port (porto Franco), free zone (zona franca), bonded area (US: foreign-trade zone), free economic zone, free-trade zone, export processing zone and maquiladora. Most commonly a free port is a special customs area or small customs territory with generally less strict customs regulations (or no customs duties or controls for ...
1937 poster celebrating the United States' first foreign trade zone, Staten Island In the United States, a foreign-trade zone (FTZ) is a geographical area, in (or adjacent to) a United States port of entry, where commercial merchandise, both domestic and foreign, receives the same Customs treatment it would if it were outside the commerce of the United States.
A free trade area is the region encompassing a trade bloc whose member countries have signed a free trade agreement (FTA). Such agreements involve cooperation between at least two countries to reduce trade barriers, import quotas and tariffs, and to increase trade of goods and services with each other.
Aluminium Smelter Company Free Trade Zone; Border Free Trade; Calabar Free Trade Zone; Centenary Economic City; Enugu Industrial Park (Free Zone Status), also known as, ENPOWER [6] Kano Free Trade Zone; Ibom Science & Technology Park Free Zone; Lekki Free Trade Zone; Maigatari Border Free Trade Zone; Nigeria International Commerce city; Onne ...
Free trade areas between groups of countries, such as the European Economic Area and the Mercosur open markets, establish a free trade zone among members while creating a protectionist barrier between that free trade area and the rest of the world.
Dominican Republic–Central America Free Trade Agreement [6] [7] Chile: 1 June 6, 2003 January 1, 2004 Chile–United States Free Trade Agreement [8] [9] Colombia: 1 November 20, 2006 May 15, 2012 United States–Colombia Free Trade Agreement [10] [11] Israel Palestine Authority: 2 April 22, 1985 August 19, 1985 Israel–United States Free ...