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GGD-84-52 1 (1984-03-02)

handle is hein.gao/gaobabekr0001 and id is 1 raw text is: 0L) - BY THE U.S. GENERAL ACCOUNTING OFFICE Report To The Chairman Committee On Ways And Means House Of Representatives Foreign Trade Zone Growth Primarily Benefits Users Who Import For Domestic Commerce The Foreign Trade Zone Act of 1934, as amended, authorizes the establishment of designated geographic areas within the United States, called foreign trade zones, into which foreign goods may be brought without the payment of duties and with a minimum of the paperwork required by U.S. Customs. Such goods, which may be further processed in the zones, may be exported without incurring customs duties or may be entered into the customs territory of the United States upon payment of applicable duties. GAO found that: --growth in the number of zones and dollar value of business activity has been substantial and contin- uous over the past 10 years; --zones were initially expected to primarily benefit the reexport and transshipment trade, but more than 80 percent of zone products are now entered into domestic commerce; and --zones' impact on U.S. employment is inconclusive. o GAO/GGD-84-52 1ceo ) 0 2//3 59/ MARCH 2,1984

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