Foreign Trade Zone Board



Secretariat of Trade and Services (SCS); Secretariat of Innovation and New Business (SINN). 29% and will raise taxes for maintenance and operations on a $100,000 home by approximately $11. Address 521 Ala Moana Blvd. Greater Kansas City Foreign Trade Zone, Inc. Rochester is a Port of Entry, managing more than 7,000 import transactions per year with lower fees and shorter clearance times than East Coast ports, including New York City. Foreign Trade Zone No. (GDFTZ) is the grantee (administrator) of Foreign-Trade Zone No. Signed by Carlos M. Port Everglades is at the forefront of efficiency when it comes to distributing foreign and domestic goods. 248 is sponsored by the City of Eureka. 79 is a leader in assisting your importing and exporting business in the Tampa Bay Region and along the I-4 corridor. A foreign-trade zone is typically located in or near a U. It is a designated area in which foreign and domestic merchandise is generally considered by the U. 11(b)(2)) to a CBP Port of entry, operated as a public utility (within the meaning of §400. The Foreign Trade Zone program is available to all U. The Lake Charles Harbor and Terminal District established the Zone Project as part of its continuing efforts to promote trade and economic development in Southwest. CBP must approve activation of the zone before any merchandise is admitted under the Foreign-Trade Zones Act. If the application is deficient, it will be returned to the applicant within 20 days. 2019 Board of Directors Joseph R. It may also be. It was created in 1932 (decree of. Foreign Trade Zone #227 is comprised of 2,942 acres within three sites located in Durant and Ardmore, Oklahoma. Foreign and domestic merchandise may be admitted into zones for designated operations without being subject to formal Customs entry procedures. I am America. Our Mission We are here to help FTZ professionals realize their goals in a demanding industry. Any foreign or domestic material can be moved into an FTZ without being subject to U. FTZs are secured areas and merchandise in a zone is considered outside the customs territory of. A Foreign-Trade Zone, or FTZ, is like a "duty-free" zone for businesses. Foreign-trade zones are secure areas under supervision of U. Foreign Trades Zones Board, a division of the U. Foreign Trade Zone (FTZ) Created in the 1930's by the U. FTZ Annual Report to Congress. The Foreign Trade Zone allows a user (an individual or business) to. 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. FTZ Annual Report to Congress. It was approved as Foreign Trade Zone #39 back in 1979, helping dozens of aerospace and high-tech companies in a 7-county area benefit from delaying that import tax until American parts and. The Foreign-Trade Zones Board of the U. Notifications are filed by companies proposing to bring foreign components into a foreign-trade zone. Customs duties associated with import-export activity. In an FTZ a company imports parts, assembles products and pays duties on the. Regulations Relating to Commerce and Foreign Trade; Chapter IV. com A Foreign-Trade Zones Board Order approving a zone project clearly sets out the Scope of Authority. Companies operating FTZs have become a thriving sector in the economy. S P R I N G 2 0 1 1 Inland Port Development Corporation Port of Battle Creek—Foreign-Trade Zone 43 4950 W. 1998) case opinion from the US Court of Appeals for the Federal Circuit. Foreign Trade Zones/Weekly Entry Filing Overview. Foreign Trade Zones are designated by the U. Foreign Trade Zones Board. Prince George’s County EDC operates county-wide Foreign Trade Zone (FTZ) #63. The Foreign-Trade Zones Board will respond within 120 days. US Foreign Trade ZonesUS Foreign Trade Zones An explanation of Foreign Trade Zones and how exporters can utilize them. Customs with facilities for handling, storing, manipulating, manufacturing, and exhibiting goods. "A foreign-trade zone is a restricted-access site, in or adjacent to a customs port of entry, operated pursuant to public utility principles under the sponsorship of a corporation granted authority by the board and under supervision of the customs service. The Port Director controls the admission of merchandise into the zone, the handling and disposition of merchandise in the zone, and the removal of merchandise from the zone. Comments: The Foreign Trade Zone Board updated its procedures in November 2018 , which were provided to GAO in June 2019. Located ten minutes from Newark International Airport, Port of New York/New Jersey users will benefit from the Urban Enterprise Zone and Foreign Trade Zone designations, proximity to abundant labor and excellent access for transportation, distribution and urban enterprise zoning. Marie), each with its own. runs the zone on a day-to-day basis and is responsible for record keeping and dealing with Customs. , Chairman Chair, Sam Nunn School of International Affairs Georgia Institute of Technology Joe Bankoff was appointed chair of The Sam Nunn School of International Affairs in spring 2012 following six years as President & CEO of The Woodruff Arts Center in Atlanta …. FTZ Production Center Information for companies interested in FTZ production authority. 25, hereby formally requests approval of a. US Foreign Trade ZonesUS Foreign Trade Zones An explanation of Foreign Trade Zones and how exporters can utilize them. - approved subzone 262D at the WPG Americas Inc. Foreign-Trade Zones Board under the U. Foreign Trade Zone. The City of New Bedford's Foreign Trade Zone Corporation, working with the NBEDC, offers a unique "tax abatement" opportunity that is recommended to any company* that currently imports or plans to import, directly or indirectly, through purchases from importers. facilities in competition with foreign alternatives by allowing delayed or reduced duty payments on foreign merchandise, as well as other savings. Customs Port of Entry where foreign and domestic merchandise is generally considered to be in international commerce and outside of US Customs territory. More information about the application procedure is available on the FTZ Board website at. The Foreign Trade Zone (FTZ) Program is a federal program administered by the U. Foreign-Trade Zone Board. The FTZB consists of the Secretary of the Department of Commerce (chairman) and the Secretary of the Treasury, or their designated alternates. In 2007, FTZ #176 was expanded to serve a defined 11-county service area in northern Illinois. Site 1: 30 acre International Business Park in Durant, Oklahoma off US Highway 69/75. of the Treasury) send an annual report to Congress summarizing FTZ activity in the United. Do you move or trade goods internationally? This designated FTZ provides access to programs that may reduce or eliminate the tariffs, taxes or duties. Foreign & Domestic Merchandise in the Trade Zone The Foreign Trade Zone is a site within the U. Foreign Trade Zone #227 About Foreign Trade Zone #227. Exim Policy Free Trade Zone Confiscation, Income Tax, Goods and services Tax, GST, Service Tax, Central Excise, Custom, Wealth Tax, Foreign Exchange Management, FEMA. Companies can access FTZ benefits from anywhere in Prince George’s County and do not have to be located in a specific area. Howard County has received approval from the U. Looking for the perfect FTZ location for your business? Use our interactive search tool for a complete listing of available FTZ locations in the Greater Maricopa area. Over 20 years experience in Foreign-Trade Zones compliance, inventory control and operations. Processing or manufacturing in a GPZ requires the permission of the Foreign-Trade Zones Board. Global Leadership Coalition. Foreign Trade Zones are secure and enclosed areas which are operated as a public utility and located in or adjacent to a Customs port of entry. Foreign merchandise can be brought into a Foreign Trade Zone without payment of federal import duties and with streamlined customs procedures. ) Preparation of FTZ Application $_____ 3. FOREIGN-TRADE ZONE DEFINITIONS Admit To bring merchandise into a zone with zone status. New Bedford is a designated Foreign Trade Zone grantee. Foreign Trade Zone and Port of Entry. Foreign-Trade Zones Board (FTZ Board) as the agency responsible for the establishment and administration of Zones through the Board's regulations. Savino Del Bene Miami is the first American office to achieve this important result. Foreign-Trade Zone No. Foreign-Trade Zone (FTZ) system through hearings and legislation over the past seven decades. A foreign trade zone is a fenced off or other- wise secured area within the United States that is located in or adjacent to a customs port of. The Foreign-Trade Zones Board was established under the Foreign-Trade Zones Act of June 18, 1934, as amended (Pub. Just in 2017, there were 85 mergers in. The Foreign Trade Zone Board (FTZB) approves the reorganization of Foreign Trade Zone (FTZ) 32 under the alternative site framework. This quarterly newsletter will focus on providing useful information, updates, and resources for users and advocates of the FTZ program including:. - When you click on "Federal Register Notices" a page will display that allows you to sort notices by company name, the year of publication or the zone number. 201 North Franklin Street, Suite 201 Tampa, FL 33602 813-228-7777. What is a Foreign Trade Zone? The Foreign Trade Zone (FTZ) program was created in 1934 to provide a means to retain jobs in the United States. facilities in competition with foreign alternatives by allowing delayed or reduced duty payments on foreign merchandise, as well as other savings. Foreign Trade Zones Board listed as FTZB Foreign Trade Zone. Skip to content; Jeri S. Application for establishment and expansion of zone § 81g. This list gives the address and phone number of the contact person for each FTZ project. 171 Liberty County Grantee: Liberty County Economic Development Foreign-Trade Zone 171 P. Examples of successful Foreign Trade Zone implementation: Claremont Flock, a textile company in Leominster, Massachusetts, imports textile fiber called “tow” and processes it into another form of textile fiber. (GKCFTZ) is a regional grantee of the national FTZ program. NYCEDC today announced that the Foreign Trade Zones Board has approved The City of New York's Alternative Site Framework application, greatly expediting and streamlining the process required of New York City businesses to access the benefits provided by Foreign Trade Zone status. FTZ #220´s current activated General Purpose Warehouse site is Nordica Warehouses, Inc. Foreign-Trade Zone Background and Terminology U. Foreign-Trade Zone 49 Rates, Charges and Fees. A foreign trade zone is a fenced off or other- wise secured area within the United States that is located in or adjacent to a customs port of. The Application was approved pursuant to Board Order No. World Trade Center Savannah, the international arm of the Savannah Economic Development Authority , is a proactive international business and trade development organization created to develop and optimize international networks and opportunities to drive economic growth in the region. domestic status (duties and taxes were then already paid on the merchandise that was brought in). The full report is available on the FTZ Board website. Zones are highly regulated by the U. Duty-free treatment is accorded to items that are re-exported and duty payment is deferred on items sold in. Honolulu HI 96813 United States Upcoming Events. The Port Director controls the admission of merchandise into the zone, the handling and disposition of merchandise in the zone, and the removal of merchandise from the zone. 171 Liberty County Grantee: Liberty County Economic Development Foreign-Trade Zone 171 P. The Foreign-Trade Zone Board reviews applications to establish and maintain FTZs. Annual Budget; Grantee, Foreign-Trade Zone #22. , a Foreign-Trade Zone is a defined area, where foreign and domestic merchandise is considered outside the U. Greater Detroit Foreign-Trade Zone, Inc. Foreign Trade Zones were created in 1934 by the Foreign Trade Zones Act' to improve the domestic economy and stimulate foreign com-merce. Foreign Trade Zone Benefits: DUTY DEFERRAL While in a Foreign Trade Zone, merchandise is not subject to U. Vessels entering or leaving zone; coastwise trade § 81f. What is a Foreign-Trade Zone (FTZ)? A United States Foreign-Trade Zone is a secure, geographical area authorized by the federal government, where commercial merchandise, both domestic and foreign, receives the same treatment by US Customs as if it were outside the commerce of the United States. If you're trying to decide between a Foreign Trade Zone (FTZ) and a bonded warehouse, there are a few key points to consider before making your decision. The program is an old one, going all the way back to 1934, when it was created to offset the high tariffs established a few years earlier by the Smoot-Hawley Act. Department of Commerce, along with Mercer County representatives who will discuss the FTZ. 52-2007) Approved, with restrictions, the application of the Board of Harbor Commissioners of the City of Los Angeles, grantee of Foreign-Trade Zone 202, to reorganize and expand FTZ 202 in the Los Angeles, California area. Customs port of entry, where foreign and domestic merchandise is considered to be outside the country. Department of Commerce. Savino Del Bene Miami is the first American office to achieve this important result. The Foreign-Trade Zones Board has recently announced the actions listed below. Reading Room Federal Register Notices, Applications, Comments Received, Zone and Site Information. Exim Policy Free Trade Zone Confiscation, Income Tax, Goods and services Tax, GST, Service Tax, Central Excise, Custom, Wealth Tax, Foreign Exchange Management, FEMA. Keynote speaker Robert F. "Joe" Bankoff, J. Customs Port of Entry where foreign and domestic merchandise can be shipped to, for storage, manufacturing, processing, labeling, etc. Industrial land located around Tulsa International Airport falls within a subzone of Foreign Trade Zone (FTZ) #53 allowing companies FTZ economic advantages. Atlanta, GA. Denver Economic Development & Opportunity’s Global Business Development team will be hosting a Foreign Trade Zone (FTZ) session on Thursday, July 25, 2019 from 9am-1pm. The Foreign-Trade Zones Board of the U. Northeast Ohio has two foreign-trade zones, FTZ 40 and FTZ 181. Virginia is the best choice for FTZ activities due to our strategic mid-Atlantic location. Richard Tanenbaum. In a FTZ, with the permission of the Foreign-Trade Zones Board, users are allowed to elect a zone status on merchandise admitted to the zone. Merchandise may be admitted for storage, repackaging, manipulation, destruction, and with prior approval by the Foreign Trade Zones Board, manufacturing and processing, without formal Customs entry. A foreign-trade zone is a designated location in the United States where companies can use special procedures that help encourage U. Foreign Trade Zone Basics FTZ is a federal trade program administered by the US Dept. [Federal Register Volume 84, Number 128 (Wednesday, July 3, 2019)] [Notices] [Page 31833] From the Federal Register Online via the Government Publishing Office [www. Foreign Trade Zones Board. Department of Commerce, FCB - Suite 4100W. Foreign Trade Zones of the United States, Free-Trade Zones of the World, and their Impact on the. Foreign Trade Zones and Subzones. 11 Foreign-trade zone. Establishment Costs Costs Establishment costs occur during the application, approval and activation. Foreign-Trade Zone No. Customs & Border Protection (19 CFR part 400 - regulations of the Foreign-Trade Zones Board). Pursuant to a Grant issued by the Foreign-Trade Zones Board, United States Department of Commerce Washington, D. Foreign Footed 2019-04-24 2019-04-25 WiseKensai 0 Comments ForCo , Hassassin Bahram , InfinityAAR , ITS10 , Looting and Sabotaging Finally got another chance to play Erik (Zelaponeepus), who has been killing it with his Hassassins lately, taking the first place medal at our most recent local tournament. Foreign & Domestic Merchandise in the Trade Zone The Foreign Trade Zone is a site within the U. Many United States manufacturers are using FTZ and FTZ subzone status to reduce operating costs for United States manufacturing and inventory facilities. Department of Commerce. Customs territory for specific purposes. Foreign-Trade Zones Board as Docket 25-2012 on March 23, 2012. Foreign Trade Zones Board and subsequent implementation of policies, procedures, and systems. Review and Processing by the Foreign-Trade Zones Board In order to be approved by the Foreign-Trade Zones Board, an application goes through the following review and process:. 81A, as amended or reenacted, and may apply to the board created under that act for a grant of the privilege of establishing, operating, and maintaining such a zone. Foreign-Trade Zones Board (the Board) has procedures that generally align with its regulations for evaluating production notifications and followed these procedures for all 59 notifications GAO reviewed. Over 20 years experience in Foreign-Trade Zones compliance, inventory control and operations. Municipal Airport Authority P. foreign-trade zones widened during the 1970's. Coming soon! ©2019 Illinois International Port. Foreign Trade Zones Board listed as FTZB Foreign Trade Zone. It is a designated area in which foreign and domestic merchandise is generally considered by the U. The City of Industry's Foreign Trade Zone offers a unique opportunity for companies seeking innovative solutions to the many challenges associated with conducting international trade. Note: The Customs Bond only covers U. More information about the application procedure is available on the FTZ Board website at. A General Purpose Zone normally has indoor and outdoor storage space used by a number of companies. com A Foreign-Trade Zones Board Order approving a zone project clearly sets out the Scope of Authority. These officially designated areas offer tariff and tax exemptions on the purchase or importation of raw materials, components or finished goods. Foreign-Trade Zones (FTZ) Program, a company can reduce their production, transaction, and logistics-related costs. Grantee corporations must be either public corporations or private corporations organized. Granting of application § 81h. Companies operating FTZs have become a thriving sector in the economy. 201 North Franklin Street, Suite 201 Tampa, FL 33602 813-228-7777. FTZ Board staff as well as U. Georgia Foreign­-Trade Zone, Inc. Customs Ports of Entry, where foreign and domestic merchandise is considered to be. products and services. There are two key players in the FTZ program. four parties – U. Foreign Trade Zone Program (FTZ) enhances competitiveness and encourages investment in participating U. The full report is available on the FTZ Board website. Couch said that in the United States, a Foreign Trade Zone is an area designated by both the Customs and Border Protection agency and the FTZ board in Washington D. S government, a FTZ is an area within the United States, in or near a U. Northwest Iowa is now a foreign-trade zone. - authorized production under zone procedures at the Gulf Coast Growth Ventures LLC facility within FTZ 122 in San Patricio County, Texas, which will be used for the production of ethylene. Greater Detroit Foreign-Trade Zone, Inc. Foreign Trade Zones are designated by the U. The Metropolitan Government of Nashville and Davidson County is the local grantee for the Foreign-Trade Zone (FTZ) program. – Click on the "Zone & Site Info" link under "Public Information" on the left to access contact information, site lists and other information for each Foreign-Trade Zone. Foreign-Trade Zone No. Customs territory. Byline: Jim Skeen Daily News Staff Writer Protecting the Antelope Valley's aerospace industry, enhancing Palmdale's foreign trade zone, and forecasting the region's economic future will be topics of discussion at Friday's Business Outlook Conference. FTZ grantees and operators have a special responsibility to take extra care to ensure security within their zone project. Northwest Iowa is now a foreign-trade zone. The benefits and advantages associated with Foreign-Trade Zone use will vary depending upon the type of operation involved and authority granted by the Foreign-Trade Zones Board and Customs. The company says they. Finding aid encoded by Music Division and National Digital Library Program, 1996 eng Guides to Special Collections in the Music Division of the Library of Congress THE FEDERAL THEATRE PROJECT COLLECTION A REGISTER OF THE LIBRARY OF CONGRESS COLLECTION OF U. com is not associated with, endorsed by, or sponsored by Northern Kentucky Foreign Trade Zone Inc and has no official or unofficial affiliation with Northern Kentucky Foreign Trade Zone Inc. The program, which has existed since the 1930s, continues to thrive and change to better meet the needs of American companies in the global economy. ) Grantee Application Processing Fee $_____ 4. 27 of the federal regulations. Foreign-Trade Zone Costs Establishment Costs Costs Establishment costs occur during the application, approval and activation process; these costs usually occur once. commerce from the FTZ. Our FTZ expertise and long-standing relationships with these organizations help enable ongoing compliance in all FTZ operations. and under supervision of the US Customs and Border Protection. TEXAS FOREIGN-TRADE ZONES 7 Operator: Foreign Trade Zone Operating Co. As an added incentive, a basket of beneficial trade agreements including GAFTA and COMESA provide the country with favored access to regional growth markets. Box 857, Liberty, TX 77575 John Hebert (936) 336-7311. Foreign Trade Zone Board as the agency responsible for the establishment and administration of Zones through the Board's regulations. 86, was initially established by Board Order 216 (July 20, 1983) and was expanded three times -- once by Board Order 292 (April 3, 1985); the second time by Board Order 446 (November 3, 1989) and the third time by Board Order. Miami-Dade is home to four foreign trade zones, including one at PortMiami. Their website is an excellent resource for anyone considering an FTZ. NYCEDC today announced that the Foreign Trade Zones Board has approved The City of New York’s Alternative Site Framework application, greatly expediting and streamlining the process required of New York City businesses to access the benefits provided by Foreign Trade Zone status. Last year, most zones submitted reports on time and responded quickly to our follow up questions. Tax rate will effectively be raised by 47. aims to alert you to the threats and opportunities that China and India present. For more information on FTZ availability at TUL, contact Mark VanLoh at [email protected] Port Everglades is at the forefront of efficiency when it comes to distributing foreign and domestic goods. Foreign Trade Zone Board and are administered by a local authority. Foreign Trade Zones Board and subsequent implementation of policies, procedures, and systems. (GKCFTZ) is a regional grantee of the national FTZ program. government as being outside U. FTZ's are areas designated by the U. Advantages of foreign trade zones include:. Using data submitted by each zone, the FTZ Board prepares and submits a report annually to Congress summarizing activity conducted in foreign-trade zones throughout the year. Foreign Trade Subzone companies enjoy all the same benefits as FTZ companies. Foreign Trade Zone No. These programs provide special customs procedures to industries engaged in international trade. The Foreign-Trade Zones Board was established under the Foreign-Trade Zones Act of June 18, 1934, as amended (Pub. Notifications are filed by companies proposing to bring foreign components into a foreign-trade zone. Once activated, the company can bring imported. ) Foreign- Trade Zones Board Application Fee $1,600-6,500 2. The SCPA operates U. Through the U. Foreign-Trade Zones Board (the Board) has procedures that generally align with its regulations for evaluating production notifications and followed these procedures for all 59 notifications GAO reviewed. The information written in this blog is gathered from industry experts and Integration Point employees to supply our interested readers and friends with credible and educational information. Foreign Trade Zone 14 Port of Little Rock 8400 Lindsey Road Little Rock, AR 72206 501-490-1468. 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. FTZs are secured areas and merchandise in a zone is considered outside the customs territory of. Lucie Counties. Foreign Trade Zone (FTZ) Created in the 1930's by the U. Dallas Fort Worth International Airport Board Grantee, Foreign-Trade Zone No. Department of Commerce's Foreign Trade Zones Board to be included in the service area of Foreign Trade Zone #74 as part of a recent expansion. Foreign-Trade Zones Board as Docket 25-2012 on March 23, 2012. Contact us today. activity and value added - in competition with foreign alternatives - by allowing delayed or reduced duty payments on foreign. Customs port of entry, where foreign and domestic merchandise is considered to be outside the country, or at least, outside of U. NYCEDC today announced that the Foreign Trade Zones Board has approved The City of New York's Alternative Site Framework application, greatly expediting and streamlining the process required of New York City businesses to access the benefits provided by Foreign Trade Zone status. - approved subzone 262D at the WPG Americas Inc. Foreign merchandise can be brought into a Foreign Trade Zone without payment of federal import duties and with streamlined customs procedures. Forgot your password? Recover your password. and Puerto Rico. Sub-zones, on the other hand, can be established for individual companies conforming with the regulations of the Foreign-Trade Zones Act. Customs Territory. Customs […]. Subject: Application for Temporary Minor Boundary Modification. A secure area located in or near a port of entry that is considered to be outside the country, or at least, outside U. Explore doing business with Foreign-Trade Zone 138, an international trade zone for import and export partners. is now part of the Greater Maricopa Foreign Trade Zone (GMFTZ). production and job opportunities by allowing companies to defer, reduce and/or eliminate placement of U. Foreign Trade Zones are secure and enclosed areas which are operated as a public utility and located in or adjacent to a Customs port of entry. This represents a geographic area which is about the size of the State of Rhode Island. Companies locating in FTZ 20 can benefit from advanced distribution networks; easy and reliable access to shipping channels, highways, railways, and airways. General purpose Foreign Trade Zones in Los Angeles County: • Long Beach (Zone No. companies with exporting. , grantee of Foreign-Trade Zone 100, has made application to the Board for authority to establish a special-purpose subzone at the recreational vehicle manufacturing facilities of Thor Industries, Inc. The term includes the Main Zone Site 1 as may be amended and Non-contiguous, general-purpose Zone site(s) and Subzone site(s), unless the context indicates otherwise. Box 2845 Fargo, ND 58108. A Foreign Trade Zone (FTZ) is an area that, for U. Granting of application § 81h. Nashville Area Foreign-Trade Zone. State and Local In Michigan, there are seven U. FOREIGN-TRADE ZONES BOARD, DEPARTMENT OF COMMERCE; Part 400. Customs purposes, is considered to be in international commerce. 277 service area if approved by the U. Zone Operations •FTZs provide a flexible operating environment. DAYTONA BEACH. Customs' jurisdiction, allowing shippers to clear cargo as it leaves the FTZ while saving on import clearance costs. What is a FTZ? A FTZ is an area within the United States, in or near a U. The Board may approve any zone or subzone which it deems necessary to serve adequately "the public interest". In the United States, a foreign-trade 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. Foreign Trade Zone No. The Port of Houston Authority invites you to our Foreign Trade Zone Conference. Description. What is a Foreign Trade Zone (FTZ)?. Duty-free treatment is accorded to items that are re-exported and duty payment is deferred on items sold in. A Guide to Tax Regulations in Hong Kong. A Scope Determination letter to the Executive Secretary of the Foreign-Trade Zones Board can clarify whether new activity or facilities are within the scope or spirit of a previously approved zone project. Grantees and operators should be aware of all parties using the zone and of all activities occurring within the zone, conducting periodic inspections of active zone facilities. Kathleen Boyce, a foreign trade zone (FTZ) board official in the International Trade Administration office of the U. The value of shipments into US Foreign Trade Zones (FTZs) totaled more than $610 billion in 2016, compared with nearly $660 billion the previous year, according to the US Foreign-Trade Zones Board's annual report to Congress. With ONESOURCE Foreign-Trade Zone (FTZ) Management, you have the necessary tools to manage your zone operations, maximize savings opportunities, and expedite the movement of goods. A General Purpose Zone normally has indoor and outdoor storage space used by a number of companies. 25 established under the provisions of the Act. In today's increasingly competitive environment, your business needs every possible advantage to succeed. This information is from "A Basic Guide to Exporting" provided by the U. In the policy brief, NFTC highlights the importance of making America more competitive in the global economy by ensuring the adoption of forward-looking tax and trade policies, by strengthening global rules, and by opening foreign markets to U. Foreign Trade Zones The Greater Kansas City Foreign Trade Zone, Inc. DAYTONA BEACH. This would allow the company to be exempt from paying certain tariffs. 2019 Board of Directors Joseph R. as well as those of the state and local community in which it is located. As the overseer of the regional U. It offers operational and financial benefits to reduce operating costs associated with a U. Foreign-Trade Zone 49. These officially designated areas offer tariff and tax exemptions on the purchase or importation of raw materials, components or finished goods. For more information, on the Foreign Trade Zone, please call the Office of Economic Development at 609-989-6555 or click on FTZ brochure for further details. AZ Big Media 14 Greater Maricopa Foreign Trade Zone sites Future Magnet Sites may be added inside the FTZ No. A 372-acre magnet site was established in 2011 and is located generally at the Lincoln Airpark West site. Merchandise may be admitted for storage, repackaging, manipulation, destruction, and with prior approval by the Foreign Trade Zones Board, manufacturing and processing, without formal Customs entry. Foreign-Trade Zone (FTZ) program is a unique global supply chain management tool that assists U. Nashville Area Foreign-Trade Zone. S-China trade negotiations and the reason for a USTR delay on some product tariffs. Local issues. Foreign-Trade Zone News provides valuable industry information in the hopes that it proves useful and resourceful to our audience. In November 2013, the four-county Northwest Iowa Economic Development organization received a grant of authority from the U. Department of Commerce's Foreign Trade Zones Board to be included in the service area of Foreign Trade Zone #74 as part of a recent expansion. It includes entries, with select metadata for all documents published in the 2019 calendar year. The first step in the FTZ process is to select and complete the appropriate application, which you then must submit to the Foreign-Trade Zones Board in the U. com is not associated with, endorsed by, or sponsored by Northern Kentucky Foreign Trade Zone Inc and has no official or unofficial affiliation with Northern Kentucky Foreign Trade Zone Inc. What does the application process involve?. Puerto Rico has the largest noncontiguous Foreign Trade Zone (FTZ) project in the United States. In the United States, a Foreign-Trade 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. FTZ Production Center. A foreign-trade subzone is an area approved by the Foreign-Trade Zones Board for use by a specific company. Foreign-Trade Zones Board. FTZ grantees and operators have a special responsibility to take extra care to ensure security within their zone project. 286, which is operated as a public utility under Foreign-Trade Zones Board Regulations, has offices located at 36 Eastern Avenue, Suite 1, St. 93 114th CONGRESS 1st Session H. It does not protect the value of the imported cargo. Foreign-Trade Zone No. Advantages for Businesses in a.