Do zones provide a vehicle for evading U.S. trade laws and regulations (including tariffs and quotas)?
No. Once a foreign product leaves a zone and enters U.S. commerce, the product is subject to the same legal compliance as a product entering the U.S. commerce after being unloaded from a truck, ship or airplane. To insure this legal compliance is maintained, all zones operate under direct accountability to the U.S. Customs Service and all uses of zones are subject to a public interest review by the Foreign-Trade Zones Board. Is the zones program part of the solution or part of the problem for the United States’ large balance of payments deficit? The tunes program is part of its solution; the nature of zone status and The’ use to which it is put, provides clear reason to suggest this deficit would be larger than it is, but for the zones program. All current non-manufacturing zone economic activity could be done in a nearby foreign location and be treated by U.S. trade law as if it were done in a zone. By conducting this activity in a U.S. zone, the benefit of it is captured in the Unite
Related Questions
- China has been revising its foreign trade and economic cooperation laws and regulations for WTO accession. Are such revisions fundamental changes to the existing legal framework?
- Is there any economic justification for trade barriers like tariffs and quotas or even anti-dumping laws?
- Do zones provide a vehicle for evading U.S. trade laws and regulations (including tariffs and quotas)?
