FTZ debate

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fDi Editor | 05/02/2004 12:00 am

As a result of the Americas Business Forum, which took place in Miami on November 16-21, 2003, business representatives from countries throughout the Americas agreed that special regimes including refunds/drawback, duty deferral and temporary admission can be preserved, such rights being in accordance with legislation and WTO commitments, and that limiting refunds, exemptions or reduction of duties when an imported good is used in the production of an exported good can be applied to FTZs.

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