FREE TRADE ZONE Definition

Bookmark and Share

FREE TRADE ZONE (FTZ) is an area, usually a port of entry, designated by the country for duty-free entry of goods. As long as the goods do not go into the country from the FTZ, no duty is assessed. While in the FTZ, goods may be processed, packaged, serviced or displayed.

Learn new Accounting Terms

BURSARY is the treasury of a public institution or religious order.

ROBUST is when a business is considered fully developed and healthy.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.