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