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Which of the following is true of foreign trade zones? a.Companies that have set up manufacturing...

Which of the following is true of foreign trade zones?

a.Companies that have set up manufacturing plants within the foreign trade zones are free from paying duty on defective materials.

b.These are areas that are physically outside U.S. soil but are considered to be inside U.S. commerce.

c.Federal government has made it mandatory for U.S. companies to set up manufacturing plants within the foreign trade zones.

d.Goods entering foreign trade zones are subject to duty until they leave the zones.

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Answer #1

Solution:

The true statement regarding foreign trade zones is "Companies that have set up manufacturing plants within the foreign trade zones are free from paying duty on defective materials."

Hence option a is correct.

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