Question

The export and import process can entail red tape and bureaucratic delays. In an effort to facilitate exports, countries are designating certain areas as:

A) import control zones.
B) special tariff zones.
C) global business zones.
D) free trade zones.
E) duty free zones.

Answer 1

Countries designate free trade zones to reduce export and import barriers, in line with the World Trade Organization's goal of facilitating international trade.

Step-by-step explanation:

When looking to facilitate exports and reduce bureaucratic delays associated with nontariff barriers and protectionism, countries often designate certain areas as free trade zones. These zones are set up to encourage international trade by reducing the barriers and regulations that can increase the cost and difficulty of doing business across borders. The purpose of these zones aligns with the efforts of the World Trade Organization (WTO), which works to negotiate reductions in barriers to trade on a global scale.