A foreign trade zone is a secure area located in or near a port of entry. Convenient, direct air service from miami international airport to all major destinations. Foreign trade zones board cross reference zone nos. It includes entries, with select metadata for all documents published in the 2017 calendar year. Established in 1934 by an act of congress, a foreign trade zone ftz is a restrictedaccess site, in or adjacent to a customs port of entry, operated as a public utility and as granted authority by the ftz board. A general purpose zone is established for multiple activities and users. Fremont businesses may benefit from the ftz program. The first american free port was opened in new york city in 1937, and others have since been added. The designation now includes nearly half of cochise county. General information foreign trade zone is a secured place authorized by the federal government, considered to be outside the customs territory of the united states though under u.
Used 2015 mclaren 650s spider for sale near you edmunds. Foreigntrade zone regulations would get overhaul under coac proposal. Aredf announced the expansion of foreigntrade zone 9 in 2012. Foreigntrades zones program is a federal trade program aimed at enhancing the competitiveness of u. Et available for ondemand viewing through the member portal program length. The functions and incentives of a foreign trade zone are an asset to economic growth. This document may qualify as a guidance document as set forth in. In 1934 the foreign trade zones act authorized the establishment of free ports in the united states, but with a prohibition on manufacturing. Foreign trade zones present advantages and opportunities for businesses seeking a competitive edge in the world marketplace. Improve supply chain efficiencies return on investment traditionally in 6 to 9 months. Customs port of entry cpe where foreign and domestic merchandise is generally considered to be in internationals commerce and outside of us customs territory. Foreign trade zone overview maine international trade center.
Many laws and regulations in this manual are paraphrased for the sake of simplicity and easier reading. The foreigntrade zone corporation understands how to establish or expand an existing general purpose foreigntrade zone project so that it serves to attract both new companies and industries that lead to new jobs and capital investment, as well as retain existing companies and the jobs and capital investment that currently exists in the community. Companies locating in ftz 20 can benefit from advanced distribution networks. As of fall 2015, the zone structure in ace is not yet complete.
Sentrys gmp pharmaceutical facility maintains active foreign trade zone ftz status per foreign trade zones act 19 u. Foreigntrade zone article about foreigntrade zone by. This index provides descriptive entries and federal register page numbers for documents published by foreign trade zones board in the daily federal register. Customs and border protection office of field operations. Virginia is the best choice for ftz activities due to our strategic midatlantic location. Duty exemption on reexports without a zone, if a manufacturer or importer brings apparel merchandise into the united states, it is required to pay the import tax duty at the time the component enters the country. Ftzs offer several economic advantages for companies involved in international trade. Foreigntrade zone inventory and compliance software. Because of its central silicon valley location and proximity to the port of oakland, many fremont businesses may benefit from the ftz program. Contact us to find out how the port of palm beachs foreigntrade zone can seamlessly accommodate your companys needs, either inside the port, or throughout palm beach, martin and st.
A foreign trade subzone is an area approved by the foreign trade zones board for use by a specific company. This index provides descriptive entries and federal register page numbers for documents published by foreigntrade zones board in the daily federal register. In addition, ftz facilitates cooperative international trade, particularly for businesses engaged in manufacturing or distribution. Box 857, liberty, tx 77575 john hebert 936 3367311 fax 936 3369285 houston ftz no.
Foreign trade zones ftz, sometimes known as free trade zones, are geographically designated and secured areas that for legal purposes are considered outside of u. Within these zones, merchandise may be assembled, exhibited, cleaned, manipulated, manufactured, mixed, processed, relabeled, repackaged, repaired, salvaged, sampled. The foreigntrade zones act was created to expedite and encourage foreign commerce in the united states. Foreign merchandise tangible personal property admitted to a zone and domestic merchandise held in a zone for exportation are exempt from certain state and local ad valorem taxes. Freetrade zones can also be defined as laborintensive manufacturing centers that involve the import of raw materials or components and the export of factory products, but this is a dated definition as more. This manual has been compiled by customs and border protection as a joint effort with the foreigntrade zones board, the u. Smartzone premier is a web based ftz compliance solution built on the intelligent web client iwc. In the united states, a foreigntrade zone ftz is a geographical area, in or adjacent to a united states port of entry, where commercial merchandise, both domestic and foreign receives the same customs treatment it would if it were outside the commerce of the united states. The rk group operates a general purpose foreign trade zone in its. Compiles various laws, regulations, policies, and procedures relating to foreign trade zones.
The tri center is located in a zone 1 safety zone that meets the stringent tia942 tier 4 requirements. The purpose of such zones is to help american businesses to be competitive in the global economy by reducing tariff. Foreigntrade zone regulations would get overhaul under coac. We are here to help ftz professionals realize their goals in a demanding industry. Save money on one of 5 used 2015 mclaren 650s spiders near you. Foreign trade zones board action cross reference zone. A foreigntrade zone is a secure area located in or near a port of entry. Milwaukee, racine, kenosha, walworth, rock, waukesha, jefferson, dodge, washington, ozaukee, fond du lac and sheboygan. Duty deferral cash flow savings can result since ftz users pay u. A foreign trade zone is a designated site licensed by the foreigntrade zones ftz board at which special customs procedures may be used. Optimizing control over pharmaceutical imports, customs clearance and taxes. The 35,000 squarefoot, stateoftheart facility features over 2,000 pallets of standard and hazmat storage, and offers added warehousing services like pick and pack, kitting and labeling.
In addition, two of the four generalpurpose foreign trade zones have recently transitioned to alternative site framework asf so that the needs of the business communities can be met on a more timely basis. Foreigntrade zone article about foreigntrade zone by the. Foreigntrade zones are advantageous and offer a good return on investment as well as a level playing field on. An ftz is a specific area within the united states, located in or near a port of entry, where certain types of merchandise can be imported without going through formal customs entry procedures or. Puerto rico has the largest noncontiguous foreign trade zone ftz project in the united states. Bmw, chrysler, ford, gm, honda, hyundai, mazda, mercedesbenz, mitsubishi. Exportimport bank of the united states annual report 2015. The foreigntrade zone advantage sdv international logistics. Our mission is to help you stay connected, engaged, and informed. Census bureau and the national association of foreign trade zones. Census bureau cbps new foreign trade zone online reporting program the foreign trade zone ftz online e214 application is a new webbased system that replaces filing of ftz data via the now expired census bureaus automated foreign trade zone reporting program aftzrp.
Plus our high desert location has no flooding or water issues with eight to nine months of free cooling. Foreigntrade zones are advantageous and offer a good return on investment as well as a level playing field on which to compete against foreign sources. What is a foreign trade zone and why should tribes care about it. Census bureaus foreign trade program is the source of all u. Their contributions to this document are appreciated. Minnesota foreign trade zones minnesota department of. Aredf announced the expansion of foreign trade zone 9 in 2012. The foreign trade zone program was created by the united states government in the 1930s to facilitate international trade, increase the. The director of the cbp port in which an ftz is located controls the admission.
Ftzs allows companies to obtain significant financial savings, since raw material, components, and finished goods could be stored or processed within a zone while differing or eliminating the custom duty rate of such merchandise. The purpose of the foreign trade zone manual is to place in one document, the various laws. Established in 1934 by an act of congress, a foreigntrade zone ftz is a restrictedaccess site, in or adjacent to a customs port of entry, operated as a public utility and as granted authority by the ftz board. Smartzone premier is the most technologically advanced foreigntrade zone inventory control and record keeping software available. The iwc platform allows for considerably more flexibility in managing your foreigntrade zone or subzone. The world bank defines free trade zones as in, dutyfree areas, offering warehousing, storage, and distribution facilities for trade, transshipment, and reexport operations. More than 100 international consulates, trade offices, and binational chambers of commerce. These procedures allow domestic activity involving foreign items to take place prior to formal customs entry. It is a geographic area where goods may be landed, stored, handled, manufactured, or reconfigured and reexported under specific customs regulation and generally not subject to customs duty.
A foreign trade zone ftz is a class of special economic zone. Foreign trade zones ftzs are secured, designated areas around the united states in or near a u. The functions and incentives of a foreigntrade zone are an asset to economic growth. Department of commerce granted authority in december 2005 for dane county, through the airport, to establish a foreign trade zone ftz. The rk group operates a general purpose foreign trade zone in its 192,000 sf warehouse in fremont. The foreigntrade zones act exempts most merchandise from such taxes in foreigntrade zones. Foreigntrade zones present advantages and opportunities for businesses seeking a competitive edge in the world marketplace. Foreign trades zones program is a federal trade program aimed at enhancing the competitiveness of u. According to the ftz board and manual, manipulation and manufacturing are defined as follows.
The growing demand for an ftz option led bollore logistics to open its first u. Review handbook for foreign trade zones, hb350010 washington, d. Foreign trade zones economic development partnership of. Customs duties associated with importexport activity. This page contains the foreigntrade zone customs manual. What is a foreign trade zone an ftz is a site designated by the ftz board at which special customs procedures may be used.
The iwc platform allows for considerably more flexibility in managing your foreign trade zone or subzone. Smartzone premier is the most technologically advanced foreign trade zone inventory control and record keeping software available. The foreign trade zone corporation understands how to establish or expand an existing general purpose foreign trade zone project so that it serves to attract both new companies and industries that lead to new jobs and capital investment, as well as retain existing companies and the jobs and capital investment that currently exists in the community. We release the most up to date data every month and you can find the latest here. Code title 19, chapter 1a, in compliance with 15 cfr part 400, ftz regulations. For multiple dates of export, record the word multi in this block, and associate the date of export with each line number or where line items are segregated by invoice, associate with each invoice in column 28. Companies that use zone procedures enjoy the benefits of relief from tariffs and other forms of inventory taxes on goods and materials during the. Types of foreign trade zones general purpose zone often an industrial park or port complex whose facilities are available for use by the general public 1 gpz may be comprised of multiple sites serves as the sponsoring zone for the subzone subzone normally singlepurpose sites when the operations cannot feasibly be moved to, or accommodated in a. Foreign trade subzone companies enjoy all the same benefits as foreign trade zone companies, but subzones are located outside existing generalpurpose sites within 60 miles of the port of entry. Zone activity cannot occur until a site is designated by the ftz board and then activated by cbp zone activity remains under the direct supervision of cbp ftzs encourage u. The 35,000 squarefoot, stateoftheart facility features over 2,000 pallets of standard and hazmat storage, and offers added warehousing services like.