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To: agere_contra; expat_panama
The author is either ignorant of the Foreign Trade Zones (FTZ) established in the USA to offset Smoot-Hawley, or has an agenda. I suspect the latter.

The provisions of the original FTZ have evolved to the point where Foreign Traders has established the equivalent of Mexican maquiladores with our borders allowing huge benefits to foreign corporations.

For a list of FTZ see the following link.

Enforcement - U.S. FOREIGN-TRADE ZONES

For more detaile information. of history, duty and tariff avoidances, and operation details, see the following Wiki article

Foreign-trade zones of the United States

69 posted on 04/28/2016 5:46:17 AM PDT by Covenantor (Men are ruled...by liars who refuse them news, and by fools who cannot govern. " Chesterton)
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To: Covenantor

Good example. FTZs are so lucrative because they are bubbles of lowered Government burden.

Imagine what a proper economic freedom zone would be like. Right to work, no Corporation tax, no minimum wage, no Obamacare, a defanged EPA, etc etc.

Right now the only places that allow that kind of economic freedom are other countries. A government-free zone in the US would blossom like a hundred Hong Kongs.


77 posted on 04/28/2016 5:59:54 AM PDT by agere_contra (Hamas has dug miles of tunnels - but no bomb-shelters.)
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