November 30, 2023
The Operator is the legal entity responsible to U.S. Customs and the Grantee for the compliant operation of the zone site or subzone.
November 30, 2023
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
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
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
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
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
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 […]
November 28, 2023
Um, none. There are no free trade zones in the United States. The U.S. program has the same acronym, but a different name. It also offers deferral of Customs duties and fees, but works quite differently. See ‘What is a Foreign-Trade Zone?’
November 28, 2023
Free Trade Zones are economic development projects set up in countries around the world to promote employment and international trade. They are typically established by governments in locations targeted for increased job growth. Often these free trade zones (also known as FTZs) will offer limited assembly, packaging, and shipping services to companies wishing to take advantage of the preferential duty […]