Free Trade Zones (FTZ) are secure zones under U.S. Customs and Border Protection supervision considered "outside" the commerce of the United States and Customs Territory. Allowing companies to position foreign goods in the United States without having to pay duties.
Benefits of Foreign Trade Zone
FTZ allows for unlimited storage of foreign goods for the purpose of export, manufacturing, consolidating or deferring duty payment by clearing items as needed.
FTZs can also be used to manage trans-shipping operations, saving money on merchandise processing fees.
Benefits: Duty Deferment, Reduce MPF & HMF Fees, option to manufacture to pay the lowest duty rate, handle foreign inventory for distribution in other countries, consolidate, export and much more!
FTZs are special areas considered outside the commerce of the United States and under US Customs supervision. Foreign and domestic goods can be brought into the Foreign-Trade Zone and modified or manufactured without incurring any customs fees. Any duties won't be due until customs formalities have been completed. If you need to make a payment, you either pay the duties at the original foreign rate or according to rates on finished goods.