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An isolated and enclosed area in or adjacent to a port of entry can be used to import, process, and reship products to foreign markets

An isolated and enclosed area in or adjacent to a port of entry can be used to import, process, and reship products to foreign markets with the purpose of avoiding, postponing, or reducing tariff on imports.

What is this area called?

Bonded Warehouse

Incoterms

Countertrades

Foreign Trade Zones

(

FTZs

)

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