FOREIGN TRADE ZONE (FTZ)

What is a Foreign Trade Zone?
A Foreign Trade Zone (FTZ) is a secure, access-restricted, Customs & Border Protection (CBP) privileged area in or near a US port of entry where both foreign and domestic merchandise may be admitted, stored, exhibited, manipulated, temporarily removed, manufactured, or destroyed duty-free! Products that are transferred out of the FTZ and exported abroad are exempt from any duty, user fees or taxes. Benefits of a FTZ, include:

• Fee & Duty Deferral
• Duty Avoidance
• Enhanced Security
• Expedited Logistics
• Ease of Paperwork
• Tax Exemptions
• Greater Flexibility