A Foreign-Trade Zone (FTZ) is a designated area within a country where goods can be imported, stored, and processed without being subject to the usual customs duties. These zones are established to encourage international trade and investment by allowing businesses to operate with reduced costs and regulatory burdens. Companies operating in an FTZ can defer, reduce, or even eliminate customs duties on imported goods until they are brought into the domestic market. This can enhance competitiveness and promote economic growth by attracting foreign investment and creating jobs in the surrounding areas.