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Foreign Trade Zone
US Foreign Trade
Zones (FTZ's) are a lot like islands - legally secured areas outside
the United States for purposes of Customs entry procedures and duties
and US Commerce Department quotas. Foreign and domestic goods may
enter an FTZ duty-free to be stored, distributed, exhibited, or
combined with other foreign and domestic products.
Benefits include:
- Duty deferral
- Security
- Exports
- Inventory
Control
- Inverted
Customs duty savings
- Exhibition
- US Quotas
- Reduced Insurance
costs
- Quality Control
- Zone to Zone
transfers
- Country of
origin marking / labeling
- Accounting
systems
- Simplification
of import / export procedures
- Repacking
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