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 Foreign
trade zones (FTZs) are the U.S. form of free trade zones.
They are licensed by the Commerce Department's Foreign-Trade
Zones Board and operate under the supervision of the
Customs Service. The board is required to publish an
annual report on its activities under the Foreign-Trade
Zones Act of 1934 (19 USC 81a-81u).
This
64th annual report contains details of activities during
fiscal year 2002 (October 1, 2001 through September
30, 2002), including the dollar value of merchandise
moved, a list of the 54 formal orders issued during
this time, and the locations, addresses, and contact
points of all zones. There were 150 fully active FTZ
projects during FY 2002. The combined value of shipments
into the zones totaled $204.1 billion, compared with
$225.2 in FY 2001. Exports from facilities operating
under FTZ procedures amounted to $15.6 billion. Almost
319,000 persons were employed at more than 2,285 firms
that operated under FTZ status during the year.
(February
2004; iii, 61 pages; ISSN 1544-2322)
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