an example of a product that fits nicely in a......is a wine. it can be aged for several years without incurring any significant charges from the host country
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An example of a product that fits nicely in a cellar is the wine.
- Wine is traditionally an alcoholic drink made from fermented grapes, and is normally stored in a cellar
- Wine can be kept for several years and it's taste will not go bad.
- The temperature control systems maintain very stable temperature for the wine cellar. The cellar is a one time cost, the wines kept in cellars can be sold later also without incurring any additional charges.
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An example of a product that fits nicely in a foreign trade zone is a wine. It can be aged for several years without incurring any significant charges from the host country
Explanation:
- A "foreign-trade zone (FTZ)" is a "class" of "special economic zone". This is a "geographical area" where goods can be landed, stored, manufactured reconfigured, processed, & re-exported under the specific customs regulations & are not subject to "customs duty".
- A FTZ is an region within the United States, in a "port of entry", where all domestic and international trade goods get the same customs treatment as they are were outside the United States' commerce.
- Many businesses make use of FTZs to defer taxes& duties payment & to avoid the applicable taxes and duties on re-exportation of cargo, all together as the goods were considered never to have entered the "US consumption" zone.
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which ports were the major centers of internal and foreign trade ...
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