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1)What is a foreign trade zone? 2) What are two reasons why the Federal FTZ program was created in 1934? 3) What sort of activities

1)What is a foreign trade zone?

2) What are two reasons why the Federal FTZ program was created in 1934?

3) What sort of activities can be done in a FTZ?

4)If goods are brought in from Thailand, what laws do these goods fall under?

5)When are payments of duties of these Thai items due and at what rate?

6) Name at least 4 advantages of a FTZ.

7) Who regulates, approves and activates FTZ's?

8) What is done with goods which have a quota placed on them and the quota has been filled?

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