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 often located near ports or airports, making it easier for businesses to manage international trade. Companies can benefit from reduced costs and increased efficiency when operating within an FTZ. Businesses in a Foreign-Trade Zone can assemble, manufacture, or repack products before they enter the domestic market. This allows them to defer customs duties until the goods are sold in the local market, providing significant financial advantages. FTZs help promote international trade and attract foreign investment.