Free Trade Zone (FTZ)

Also known as: FTZ

A free trade zone (FTZ) is a designated area where goods can be imported, stored, handled, and re-exported with reduced or deferred customs duties. Businesses use FTZs to cut costs on goods that are later re-exported or processed before entering the domestic market.

In the warehouse: Teamship's WMS puts Free Trade Zone (FTZ) to work as part of Shipping & Freight.