MLchartDataset catalogue

Foreign trade zone (FTZ)

Term · Logistics and supply chain · MLC-T-LOG-000118

A designated area within a country, located in or near a customs port of entry, that is considered outside the customs territory for duty and tax purposes. Merchandise may be brought into a Foreign Trade Zone (FTZ) for storage, manufacturing, assembly, or processing without being subject to immediate customs duties.

Table 1. Record
IdentifierMLC-T-LOG-000118
FieldLogistics and supply chain
SubjectCustoms
AbbreviationFTZ
Record as JSON 
{
  "id": "MLC-T-LOG-000118",
  "term": "Foreign trade zone (FTZ)",
  "field": "Logistics and supply chain",
  "definition": "A designated area within a country, located in or near a customs port of entry, that is considered outside the customs territory for duty and tax purposes. Merchandise may be brought into a Foreign Trade Zone (FTZ) for storage, manufacturing, assembly, or processing without being subject to immediate customs duties.",
  "abbreviation": "FTZ",
  "subject": "Customs",
  "url": "https://mlchart.com/terminology/logistics/foreign-trade-zone-ftz/"
}

Record 128 of 256 in Logistics and supply chain terminology (MLC-0105). Request the full dataset.