OSU Extension Community Development educators Gwynn Stewart and Godwin Apaliyah have co-authored a new fact sheet titled Foreign-Trade Zones: Helping Companies Compete Globally.
Foreign-trade zones (FTZs) are sites within the United States that are legally considered outside of United States Customs and Border Protection (CBP) territory for the purpose of duties. They were created by Congress in 1934, as a part of New Deal legislation, to expedite and encourage foreign commerce. Read the recently published fact sheet to learn more about FTZs, their economic and other benefits, Ohio FTZs, the top industries benefitting from FTZs, as well as how to establish an FTZ.
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