foreign-trade zone

[ fawr-in treyd, for- ]

noun

1. free port ( def 1 ).

Example Sentences

Department of Commerce might react if the agreement were rejected, but that a dispute could potentially lead to a lawsuit, federal fines or losing privileges to Foreign-Trade Zone sites.

From Los Angeles Times

The warehouse is part of the federal Foreign-Trade Zone program that allows importers to hold goods until they are needed and put off paying fees until products are brought into the country.

From Los Angeles Times

New Orleans, now busting its buttons in its zeal to build up its port, second biggest in the U.S. in dollar volume, hoped that its foreign-trade zone would lure ships to the mouth of the Mississippi as New York's had brought ships into its harbor.

From Time Magazine Archive

The 20 acres officially became a free port, the only one in the U.S. outside of New York's foreign-trade zone.

From Time Magazine Archive