free trade zone
designated area, usually around a seaport or airport, where products can be iported duty-free and then stored assembled, and used in manfacturing. Only when the product leaves the zone does the importer pay duty.
most favored nation status
allows a country to export into the granting country under the lowest customs duty rates.
free trade agreement
member countries agree to elimiinate duties and trade barriers on products traded among members
members eliminate duties and other trade barriers, allow companies to invest freely in each member's country, and allow workers to move freely across borders.