Question

The government of a country has designated a geographic area as a free-trade zone. What is...

The government of a country has designated a geographic area as a free-trade zone. What is the advantage for a company to locate their business in this type of zone?

A) Removal of corporate taxes

B) Fewer financial reporting regulations

C) Reduced import tariffs

D) Lower subsidies placed on input cost of raw materials

Business   Economics   
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Answer #1

A foreign-trade zone (FTZ) is a class of special economic zone.It geographic area where goods may be landed, stored, handled, manufactured, or reconfigured and re-exported under specific customs regulation and generally not subject to customs duty. Free trade zones are generally organized around major seaports, international airports, and national frontiers—areas with many geographic advantages for trade.

Hence the correct option is

C. Reduced import tariffs.

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