If The Port Authority of New York and New Jersey uses a free-trade zone how does that improve economic growth in the region?

Question

woolyfrog · Answer

@Shadow hey I posted the question :)

Shadow · Answer

Do you know what free trade is?

woolyfrog · Answer

Yes, it's a safe zone that allows trading without the authorities getting in the way

woolyfrog · Answer

it also gives lots of advantages and lowers lots of costs Source: https://www.panynj.gov/port/ftz-advantage.html

Shadow · Answer

Free trade as defined by Google - "international trade left to its natural course without tariffs, quotas, or other restrictions."

Shadow · Answer

That website is useful, but it all starts with essentially no taxation of imports or exports.

Shadow · Answer

That allows people to lower the cost of their goods, as if there were tariffs on apples for example, they would increase the cost of apples in order to make up for paying that tariff.

woolyfrog · Answer

OH and thats how they get more money.  Thank you :)

Shadow · Answer

No problem :)