What Does FTZ Mean in a Text?
The Quick Answer
FTZ means "Free Trade Zone," or "Foreign-Trade Zone."More Detail...
The abbreviation FTZ is used internationally in business and commerce to mean "Free Trade Zone." In the US, FTZs are called "Foreign-Trade Zones." An FTZ is a type of special economic zone (SEZ) where goods are subject to special customs regulations that allow companies to import materials, manufacture goods, and export products without being subject to the usual rules and taxes. FTZs are usually established around major seaports, international airports, and national frontiers.Image for FTZ
When I write FTZ, I mean this:
"Free/Foreign-Trade Zone"
Summary of Key Points
We have summarized the key points in the table below:FTZ | |
---|---|
Definition: | Free/Foreign-Trade Zone |
Type: | Abbreviation |
Guessability: | 3: Guessable |
Typical Users: | Specialists |
Example of FTZ Used in a Text
FTZ
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SDG (sustainable development goals)
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