Foreign Trade Zones: Using Federal Trade Program as a Local Economic Development Tool
The U.S. Foreign-Trade Zones program has grown profoundly over the last three decades. In 1970 there were 8 General Purpose Zones and 3 special purpose subzones in the United States. Today there are over 250 Zone projects and over 400 special purpose subzones in the United States. This growth has been dependent upon the evolution of the FTZ program as a means by which U.S.-based companies can enhance their cost-competitiveness, and as a means by which the United States can practice both the letter and the spirit of its trade laws. more....