A foreign-trade zone is a dedicated area where goods can land, be re-packaged, modified, manipulated, re-labeled, further manufactured, and re-exported with delayed import requirements. A foreign-trade zone is especially useful to firms that import components for assembly and/or manufacture of finished products for domestic use or, which will later on, be exported from the USA. D.T. Gruelle Company can be of assistance in setting up a foreign-trade zone package for your company.
Port of Entry
Any port designated by the U.S. government where goods may enter the United States.
Local and State tax breaks and benefits
Duty deferral and reduction
Streamlined cost-saving input procedures
Establishing a Foreign-Trade Zone
FTZ’s may be formed by any public entity, including quasi-governmental corporations or organizations. The process is long but clear and the benefits often far outweigh time and expense of establishment.
Re-export duty exemption
Invert tariff relief
No duties for waste or zone-to-zone transfer
Duties paid upon leaving FTZ and entering U.S. markets. No duties paid if re-exported.