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SMALL BUSINESS NEWS

4 Mar 2014

 

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Boost Your Business With Foreign Trade Zones (FTZ)

 

Foreign-Trade Zones (FTZ) are areas throughout the country that are established to help U.S. companies compete in international trade by making the administrative process of importing/exporting faster, easier and cheaper. 

Activity that is permitted in FTZs include: assemble, exhibit, clean, manipulate, manufacture, mixe, processe, relabele, repackage, repaire, salvage, sample, store, teste, displaye and destroye products.  Production activity must be specifically authorized by the FTZ Board.  Retail trade is prohibited in FTZs.

Any type of product that is not prohibigted from entry into the U.S. is allowed in FTZs.

FTZs allow U.S. based companies to defer, reduce, or even eliminate Custom duties on products admitted to the zone, and get products through customs using speical customs procedures. 

All FTZ sites must be located within 60 statute miles or 90 minutes driving time from the outer limits of a U.S. Customs port of entry.  Sub Zones may be located outside of the 60mile/90 minutes driving time requirement.

Learn more about FTZs.

Find FTZs and Subzones

FTZ FAQ: 

Sources:
FTZ FAQ


By Owen Daniels

 

 

 

 

 

 

 

 

 

 
 

 

  
 

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