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Why do foreign trade zones exist?
FTZs were established under the Foreign-Trade Zones act of 1934 to create and maintain employment and investment in the US. In 1998, 350,000 people were employed in FTZs across the country. Sixty-seven percent of merchandise admitted to zones was of domestic origin and $16.97 billion worth of merchandise was exported overseas from FTZs in 1998.
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