Free-Trade Zones: Productive or Destructive? Briefing of the Commission on Security and Cooperation in Europe, One Hundred Fifteenth Congress, Second Session, September 12, 2018 [open pdf - 703KB]
This is the September 12, 2018 briefing titled "Free-Trade Zones: Productive or Destructive?" held before the Commission on Security and Cooperation in Europe. From the Paul Massaro: "I would like to welcome you today on behalf of our bipartisan and bicameral leadership to discuss an underexamined threat to the national security of the United States: free-trade zones, or FTZs. FTZs are duty-free areas within a country's borders designed to encourage economic development by allowing goods to be imported and exported under less restrictive conditions than are present elsewhere in the country. In many places, these zones generate jobs and wealth. However, they are also hospitable to illicit trade and money laundering. In the worst cases, law enforcement fails and FTZs become global hubs of criminal activity, black holes that enable corruption." Statements, letters, and materials submitted for the record include those of the following: Paul Massaro, Clay Fuller, Jack Radisch, Stephane Jacobzone, and Pedro Assares Rodrigues.
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