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kE <br /> F; . <br /> WHAT ARE FOE= TRACE ZONES ? <br /> Aa FTZ is a designated area within the United States under U.S. <br /> Customs supervision. Foreign goods are provided entry into this area- <br /> duty free and usually quota free - for an uraimited period of time. <br /> Goods brougnt into a foreign trade zone may be stored, manipulated, <br /> mixed with domestic and other foreign materials, used in a manufacturing <br /> process or exhibited for sale. <br /> Goods shipped out of the zone into the United States custom territory <br /> are subject to customs duty; goods shipped to foreign nat ions have no <br /> customs levies. A customs officer is avk47Pble at all times. <br /> r-5. TA3Lmi.nEur <br /> Grants to establish acid operate general purpose zones are given by <br /> the United States Foreign Trade Zone Board. The Secretaries of the <br /> Treasury, Army and Commerce constitute the Board" and applications must be <br /> supported by a substantial amount of information dealing with the economic <br /> impact on the area; the effects upon the country's balance of payments; <br /> the feasibility of the operation itself; the environmental, impact asd other <br /> data as well as copies of enabling legislation in the states where zones <br /> are to be located. Applications must be made by not-for-profit companies <br /> or by a public body, The basic purpose is to unsure a "public utility" <br /> type of operation. <br /> OPERATION <br /> The predominant type of foreign trade zone operation is that of an <br /> industrial park. Within the zone a variety of operations may be conducted. <br /> Assembling, manufacturing, sampling and testing, relabeling and upgrading <br /> of merchandise, processing, exhibition and storage are permitted. <br /> Zone facilities can be provided at an airport, at a rail junction <br /> or truck distribution center, on a river and, in some instances, several <br /> of the above locations, <br /> • <br /> - r <br /> r <br />