November 30, 2023

What is a User?

The User is the legal entity using a zone site or subzone for storage, handling, or processing of merchandise in a zone site or subzone.
November 30, 2023

What is a Grantee?

Just over 300 foreign-trade zones have been established around the United States, though only about 2/3 remain active. There are active foreign-trade zones in all 50 states and Puerto Rico.here, then distributed to each of the controlled copy holders.
November 30, 2023

When was the U.S. foreign-trade zone program created?

The foreign-trade zones program was created by Congress in 1934 as a way to promote U.S. employment in international trade. Since then, the program has been regularly updated through both changes in legislation and regulation.
November 30, 2023

Who regulates U.S. foreign-trade zones?

The foreign-trade zone program is administered by the U.S. Department of Commerce. The Secretary of Commerce is the CEO of the Foreign-Trade Zones Board that oversees the program with a staff of about 10 people. U.S. Customs and Border Protection of the Department of Homeland Security also plays a active role in the setup and operation of zones.
November 30, 2023

How many foreign-trade zones are there?

Just over 300 foreign-trade zones have been established around the United States, though only about 2/3 are currently available for use. There are active foreign-trade zones in all 50 states and Puerto Rico. Foreign-trade zones are located in or near ports of entry to the United States.
November 28, 2023

What is the definition of a foreign-trade zone? (What is an FTZ?)

A foreign-trade zone (FTZ) is an area, typically a factory or warehouse, where special U.S. Customs procedures are permitted to defer, and possibly alter the cost of international trade in the United States. Customs duties and fees are generally deferred until merchandise is sold into the United States, and eliminated if the merchandise is exported, scrapped, or destroyed. The program […]