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1 page/β‰ˆ275 words
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Style:
APA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
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Topic:

Key Financial Benefits of Foreign Trade Zone

Essay Instructions:

https://www(dot)youtube(dot)com/watch?v=Pvl-jyTPC6E
Write a 1 page APA formatted paper over the video. Use the following guidelines:12 point font, Times New Roman, 1-inch margins,
The title and reference page do not count toward the needed pages for the assignment requirements.
Use at least two reputable sources cited in APA format. Wikipedia is not a reputable source, and points will be lost for having this listed within your references.
Use APA format 7th edition. Make sure that you review your video assignment for grammar and spelling errors. Ensure that you properly cite the video as you will be referencing the material that is being presented. You can also use the textbook as one of your references.
Questions:
What is a foreign trade zone (FTZ)?
How do FTZs work?
What are the advantages of FTZs?
What are some of the key financial benefits?
What are the decision factors for FTZs?

Essay Sample Content Preview:

Key Financial Benefits of Foreign Trade Zone 
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A foreign trade zone is a designated place within the United States where firms can utilize unique/ specialized custom procedures to help them trade their U.S goods favorably compared to the foreign items of a similar line. These areas are secure, and although they are under the supervision of the Customs and Border Protection department, they are often located outside the premises of these departments (Johnson, 2017). These zones work by allowing companies and firms to bring goods to their facilities. The goods can stay within the zone without customs duty charges. Such duty is only charged when the goods leave the zone (Port of Seattle, 2021). The warehouses within the zone are marked with red lines to help identify different departments for the storage of varied goods.
One of the main advantages of the zones is that they allow a company ...
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