Through federal designation of areas considered outside the customs territory of the u. Because of its central silicon valley location and proximity to the port of oakland, many fremont businesses may benefit from the ftz program. Foreigntrades zones program is a federal trade program aimed at enhancing the competitiveness of u. Customs territory for consumption from a foreign trade zone, leave blank. Their contributions to this document are appreciated. H o w t o a p p l y i n f o r m a t i o n a n d f o r m a t s to prepare any request to the ftz board, use the formats provided on this web site. An application has been submitted to the foreigntrade zones ftz board. Foreigntrade zone ftz 39dallasfort worth, texas, notification of proposed production activity, valeo north america, inc. Zone site information as of fall 2015, the zone structure in ace is not yet complete until the system is complete, the ftz staff can only add site information into ace if the site is part of a subzone once complete, the ftz staff will add zone site information to ace. The iwc platform allows for considerably more flexibility in managing your foreigntrade zone or subzone. In addition, ftz facilitates cooperative international trade, particularly for businesses engaged in manufacturing or distribution. Foreigntrade zones manual open pdf 2 mb the purpose of the foreign trade zone manual is to place in one document, the various laws, regulations, policies and procedures that customs and border protection cbp personnel, grantees, operators and users need to know in the daily operation of foreign trade zones. For merchandise moving from a foreign trade zone to a bonded warehouse in the u. The director of the cbp port in which an ftz is located controls the admission.
Why companies use foreign trade zones port of san francisco. The rk group operates a general purpose foreign trade zone in its. Foreign trade zones board ftz home ftz act ftz regulations. A foreigntrade zone ftz is a class of special economic zone. Record the appropriate line number, in sequence, beginning with the number 001. Et available for ondemand viewing through the member portal program length. This page contains the foreigntrade zone customs manual. 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. Authority for establishing foreigntrade zones is granted by the foreigntrade zones board. The first american free port was opened in new york city in 1937, and others have since been added.
Virginia is the best choice for ftz activities due to our strategic midatlantic location. A recent memo provides some minor corrections to the guidelines issued earlier this year. 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. A foreign trade zone is a secure area located in or near a port of entry. The purpose of the foreign trade zone manual is to place in one document, the various laws, regulations, policies and procedures that customs and border. Apply to trading manager, zoning specialist, manager and more. Foreigntrade zone article about foreigntrade zone by. Authority for establishing foreign trade zones is granted by the foreign trade zones board.
Within these zones, merchandise may be assembled, exhibited, cleaned, manipulated, manufactured, mixed, processed, relabeled, repackaged, repaired, salvaged, sampled. Today, the trade policy of the united states is based on a free trade model. Ftzs offer several economic advantages for companies involved in international trade. Foreign trade zone ftz 39dallasfort worth, texas, notification of proposed production activity, valeo north america, inc. Although foreigntrade zones have grown since their creation by the foreigntrade zones act of 1934, there are still very few sources of information about ftzs. Box 857, liberty, tx 77575 john hebert 936 3367311 fax 936 3369285 houston ftz no. 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. This document may qualify as a guidance document as set forth in. Companies that use zone procedures enjoy the benefits of relief from tariffs and other forms of inventory taxes on goods and materials during the. Foreigntrade zone article about foreigntrade zone by the. Businesses operating with ftz designation typically get relief from paying customs duties and tariffs, which in turn lowers the cost of engaging in international trade. Department of commerce and the foreign trade zone board approved the reorganization of the city of laredo, foreigntrade zone 94 service area to include all of 3,376 square miles of webb county, under the alternative site framework asf. 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. The purpose of the foreign trade zone manual is to place in one document, the various laws, regulations, policies and procedures that customs and border protection personnel, grantees, operators and users need to know in the daily operation of foreign trade zones.
The iwc platform allows for considerably more flexibility in managing your foreign trade zone or subzone. Convenient, direct air service from miami international airport to all major destinations. The foreigntrade zones act was created to expedite and encourage foreign commerce in the united states. Foreigntrade zones ftzs are designated areas licensed by the foreigntrade zones board at which special customs procedures may be used. Customs and border protection office of field operations. Dec 16, 2016 amie ahanchian, managing director in kpmg llps trade and customs practice discusses the use of foreign trade zones and their benefits for importing into the united states. The us foreigntrade zones program information for cbp trade. Census bureau and the national association of foreign trade zones. Foreign trade zones economic development partnership of. Authority for establishing these facilities is granted by the foreign trade zones board under the foreign trade zones act of 1934. More than 100 international consulates, trade offices, and binational chambers of commerce.
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. 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. Federal register foreigntrade zone ftz 39dallasfort. Comments are turned off autoplay when autoplay is enabled, a suggested video will automatically play next. Foreigntrade zone ftz or zone is a site within the united states that is legally considered outside of customs territory for the purpose of duties, so goods may be brought into the site dutyfree and without formal customs entry. Department of commerce to designate miami international airports entire 3,230acre land parcel as a foreign trade zone ftz magnet site. Foreigntrade zones present advantages and opportunities for businesses seeking a competitive edge in the world marketplace. The purpose of an ftz is to expedite and encourage foreign commerce. This site was designed to provide information to virtually anyone involved in the foreigntrade zone ftz program. 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. Customs entry procedures do not apply even though ftzs are within the territory and jurisdiction of the united states. A foreign trade subzone is an area approved by the foreign trade zones board for use by a specific company. The foreign trade zone program was created by the united states government in the 1930s to facilitate international trade, increase the. Smartzone premier is the most technologically advanced foreign trade zone inventory control and record keeping software available.
The new guidelines, physical security guidelines for cbp bonded facilities, replace the outdated rules that had been contained in t. Foreign trades zones program is a federal trade program aimed at enhancing the competitiveness of u. The foreigntrade zones act exempts most merchandise from such taxes in foreigntrade zones. Save money on one of 5 used 2015 mclaren 650s spiders near you. 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. Three theoretical perspectives in the literature discuss the free trade phenomena generally and ftzs specifically. Puerto rico has the largest noncontiguous foreign trade zone ftz project in the united states.
Note that if you are a company that wishes to conduct production activity under ftz procedures, you will need both ftz. What is a foreign trade zone an ftz is a site designated by the ftz board at which special customs procedures may be used. This manual has been compiled by customs and border protection as a joint effort with the foreigntrade zones board, the u. This theoretical model recognizes only the economic beneficiaries of free trade. The application was submitted pursuant to the provisions of the foreigntrade zones act, as amended 19 u. For example, when a foreign trade zone user imports a motor which carries a 5. The ftz program was established to encourage and expedite u.
Foreign trade zoneis a secured place authorized by the federal government, considered to be outside the customs territory of the united states though under u. We are here to help ftz professionals realize their goals in a demanding industry. Exportimport bank of the united states annual report 2015. 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. 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. Foreign trade zone enjoy the benefits of a foreign trade zone ftz. As of fall 2015, the zone structure in ace is not yet complete. Compiles various laws, regulations, policies, and procedures relating to foreign trade zones. Smartzone premier is the most technologically advanced foreigntrade zone inventory control and record keeping software available. Last week, the miamidade aviation department mdad gained final approval from the u. For multiple countries of export, record the word multi in this block, and associate the country of export with each line number or where line numbers are segregated by invoice, associate with each invoice in column 28 prefixed with an e. The cbp e214 reduces the amount of document handling placed on cbp officers and ftz operators. Community and economic development foreign trade zone no. Department of commerce and the foreign trade zone board approved the reorganization of the city of laredo, foreign trade zone 94 service area to include all of 3,376 square miles of webb county, under the alternative site framework asf.
Amie ahanchian, managing director in kpmg llps trade and customs practice discusses the use of foreign trade zones and their benefits for importing into the united states. Smartzone premier is a web based ftz compliance solution built on the intelligent web client iwc. The application was submitted pursuant to the provisions of the foreign trade zones act, as amended 19 u. Our mission is to help you stay connected, engaged, and informed. Foreign trade zones 4 foreign trade zones in an international context free trade has been used since 400 bce to stimulate trade and economic growth avery, 2003. Companies that operate in foreign trade zones can defer, reduce or eliminate customs duties. 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. 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. Foreigntrade zone regulations would get overhaul under coac proposal. A foreign trade zone ftz is a class of special economic zone. Foreigntrade zone regulations would get overhaul under coac. Foreigntrade zone inventory and compliance software.
In 1934 the foreign trade zones act authorized the establishment of free ports in the united states, but with a prohibition on manufacturing. For example, when a foreigntrade zone user imports a motor which carries a 5. Companies locating in ftz 20 can benefit from advanced distribution networks. This page contains the foreign trade zone customs manual. Review handbook for foreign trade zones, hb350010 washington, d. 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. Federal register foreigntrade zone 61san juan, puerto.
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. A foreigntrade zone is a secure area located in or near a port of entry. Foreign and domestic merchandise may be moved into zones for storage, exhibition, assembly, manufacturing, and processing without payment of duties, quota and other import restrictions until the decision is made to enter the goods into the u. The magnet site designation allows existing or prospective airport tenants to operate manufacturing, warehousing andor.
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. Comments are turned off autoplay when autoplay is enabled, a. Generally, if foreign merchandise is brought into a foreigntrade zone or subzone and manufactured into a product that carries a lower duty rate, then the lower rate applies. Foreign trade zone 45 foreign trade zones, or ftzs, are a tool that companies use to increase global competitiveness. The purpose of such zones is to help american businesses to be competitive in the global economy by reducing tariff. Generally, if foreign merchandise is brought into a foreign trade zone or subzone and manufactured into a product that carries a lower duty rate, then the lower rate applies. Customs and border protection has announced new security guidelines for foreigntrade zone sites ftz and other bonded facilities.
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