Within these zones, merchandise may be assembled, exhibited, cleaned, manipulated, manufactured, mixed, processed, relabeled, repackaged, repaired, salvaged, sampled. Review handbook for foreign trade zones, hb350010 washington, d. Their contributions to this document are appreciated. 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. Foreigntrade zone article about foreigntrade zone by. 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to enter the goods into the u. The new guidelines, physical security guidelines for cbp bonded facilities, replace the outdated rules that had been contained in t. Established in 1934 by an act of congress, a foreigntrade zone ftz is a restrictedaccess site, in or adjacent to a customs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.
This page contains the foreigntrade zone customs manual. Customs entry procedures do not apply even though ftzs are within the territory and jurisdiction of the united states. For example, when a foreign trade zone user imports a motor which carries a 5. The first american free port was opened in new york city in 1937, and others have since been added. Foreigntrade zone regulations would get overhaul under coac. 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 zoneis a secured place authorized by the federal government, considered to be outside the customs territory of the united states though under u. Foreigntrades zones program is a federal trade program aimed at enhancing the competitiveness of u. A foreign trade subzone is an area approved by the foreign trade zones board for use by a specific company. For example, when a foreigntrade zone user imports a motor which carries a 5.
An application has been submitted to the foreigntrade zones ftz board. The magnet site designation allows existing or prospective airport tenants to operate manufacturing, warehousing andor. This theoretical model recognizes only the economic beneficiaries of free trade. The purpose of such zones is to help american businesses to be competitive in the global economy by reducing tariff.
Through federal designation of areas considered outside the customs territory of the u. 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. Save money on one of 5 used 2015 mclaren 650s spiders near you. The us foreigntrade zones program information for cbp trade. 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 locating in ftz 20 can benefit from advanced distribution networks. Authority for establishing these facilities is granted by the foreign trade zones board under the foreign trade zones act of 1934. Foreign trade zones board ftz home ftz act ftz regulations. What is a foreign trade zone an ftz is a site designated by the ftz board at which special customs procedures may be used. Smartzone premier is the most technologically advanced foreign trade zone inventory control and record keeping software available. Because of its central silicon valley location and proximity to the port of oakland, many fremont businesses may benefit from the ftz program. The director of the cbp port in which an ftz is located controls the admission. 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. This page contains the foreign trade zone customs manual.
Ftz information annual reports from the ftz board ftz fact sheet general. In addition, ftz facilitates cooperative international trade, particularly for businesses engaged in manufacturing or distribution. 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. More than 100 international consulates, trade offices, and binational chambers of commerce. Customs and border protection has announced new security guidelines for foreigntrade zone sites ftz and other bonded facilities. Puerto rico has the largest noncontiguous foreign trade zone ftz project in the united states. 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. The purpose of an ftz is to expedite and encourage foreign commerce. 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. 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.
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. Comments are turned off autoplay when autoplay is enabled, a. 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. 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. 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. 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. Note that if you are a company that wishes to conduct production activity under ftz procedures, you will need both ftz. As of fall 2015, the zone structure in ace is not yet complete. Foreign trades zones program is a federal trade program aimed at enhancing the competitiveness of u. Department of commerce to designate miami international airports entire 3,230acre land parcel as a foreign trade zone ftz magnet site. Today, the trade policy of the united states is based on a free trade model. Et available for ondemand viewing through the member portal program length. 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. Companies that operate in foreign trade zones can defer, reduce or eliminate customs duties.
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 office of field operations. Compiles various laws, regulations, policies, and procedures relating to foreign trade zones. Foreigntrade zone article about foreigntrade zone by the. 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. The application was submitted pursuant to the provisions of the foreign trade zones act, as amended 19 u. The ftz program was established to encourage and expedite u. 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. Census bureau and the national association of foreign trade zones. Comments are turned off autoplay when autoplay is enabled, a suggested video will automatically play next. The rk group operates a general purpose foreign trade zone in its.
The application was submitted pursuant to the provisions of the foreigntrade zones act, as amended 19 u. Foreigntrade zone inventory and compliance software. Box 857, liberty, tx 77575 john hebert 936 3367311 fax 936 3369285 houston ftz no. The iwc platform allows for considerably more flexibility in managing your foreigntrade zone or subzone. 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. Used 2015 mclaren 650s spider for sale near you edmunds. Foreigntrade zones present advantages and opportunities for businesses seeking a competitive edge in the world marketplace. 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. Customs territory for consumption from a foreign trade zone, leave blank.
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. 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. Foreign trade zone ftz 39dallasfort worth, texas, notification of proposed production activity, valeo north america, inc. Why companies use foreign trade zones port of san francisco. Our mission is to help you stay connected, engaged, and informed. Federal register foreigntrade zone 61san juan, puerto. Ftzs offer several economic advantages for companies involved in international trade. The foreigntrade zones act was created to expedite and encourage foreign commerce in the united states. Foreign trade zones economic development partnership of. Apply to trading manager, zoning specialist, manager and more. This site was designed to provide information to virtually anyone involved in the foreigntrade zone 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. Foreign trade zone enjoy the benefits of a foreign trade zone ftz.
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. Three theoretical perspectives in the literature discuss the free trade phenomena generally and ftzs specifically. A foreigntrade zone ftz is a class of special economic zone. Virginia is the best choice for ftz activities due to our strategic midatlantic location. Foreigntrade zone regulations would get overhaul under coac proposal. Exportimport bank of the united states annual report 2015.
Record the appropriate line number, in sequence, beginning with the number 001. Smartzone premier is the most technologically advanced foreigntrade zone inventory control and record keeping software available. 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. Foreign trade zone 45 foreign trade zones, or ftzs, are a tool that companies use to increase global competitiveness. Community and economic development foreign trade zone no. A foreign trade zone ftz is a class of special economic zone. Last week, the miamidade aviation department mdad gained final approval from the u. Federal register foreigntrade zone ftz 39dallasfort. 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. 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. Smartzone premier is a web based ftz compliance solution built on the intelligent web client iwc. Authority for establishing foreign trade zones is granted by the foreign trade zones board. We are here to help ftz professionals realize their goals in a demanding industry. The foreign trade zone program was created by the united states government in the 1930s to facilitate international trade, increase the.
The cbp e214 reduces the amount of document handling placed on cbp officers and ftz operators. Foreigntrade zones ftzs are designated areas licensed by the foreigntrade zones board at which special customs procedures may be used. Convenient, direct air service from miami international airport to all major destinations. 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. A foreign trade zone is a secure area located in or near a port of entry. This manual has been compiled by customs and border protection as a joint effort with the foreigntrade zones board, the u. A foreigntrade zone is a secure area located in or near a port of entry. 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. For merchandise moving from a foreign trade zone to a bonded warehouse in the u. A recent memo provides some minor corrections to the guidelines issued earlier this year. Foreigntrade zone ftz 39dallasfort worth, texas, notification of proposed production activity, valeo north america, inc.
In 1934 the foreign trade zones act authorized the establishment of free ports in the united states, but with a prohibition on manufacturing. This document may qualify as a guidance document as set forth in. 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 foreigntrade zones act exempts most merchandise from such taxes in foreigntrade zones. Companies that use zone procedures enjoy the benefits of relief from tariffs and other forms of inventory taxes on goods and materials during the. Authority for establishing foreigntrade zones is granted by the foreigntrade zones board.
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