If you are a United States-based company involved in international trade, the Foreign-Trade Zone (FTZ) program provides a means of improving your competitive position vis-a-vis your counterparts abroad. By using the FTZ program, you can defer, reduce or even eliminate Customs duties on products admitted to the zone.
Foreign-Trade Zones present advantages and opportunities for businesses seeking a competitive edge in the world marketplace.
Established in 1934 by an act of Congress, "A Foreign-Trade Zone (FTZ) is a restricted-access site, in or adjacent to a Customs port of entry, operated as a public utility and as granted authority by the FTZ Board/Department of Commerce and under supervision of the Customs Service."
Simply, it is a secured place authorized by the federal government, considered to be outside the Customs territory of the United States, though under U.S. Customs supervision and control.
Foreign-Trade Zones present advantages and opportunities for businesses seeking a competitive edge in the world marketplace.
Established in 1934 by an act of Congress, "A Foreign-Trade Zone (FTZ) is a restricted-access site, in or adjacent to a Customs port of entry, operated as a public utility and as granted authority by the FTZ Board/Department of Commerce and under supervision of the Customs Service."
Simply, it is a secured place authorized by the federal government, considered to be outside the Customs territory of the United States, though under U.S. Customs supervision and control.
A collaborative effort at the regional level to create, maintain and diversify economic development. Providing Competitive Advantages For Local Business.
