Foreign Trade Zone: Explained

FTZ Benefits Inbound Benefits Outbound Foreign Trade Zone Local and State tax breaks and benefits Re-export duty exemption Permitted Activities Inverted tariff relief Duty deferral and reduction Assembly Manufacturing No duties for waste or zone- to-zone transfer Streamlined cost-saving input procedures Exhibition Processing Inspection Storage Salvage Testing Relabeling Reclassification Repackaging Destruction Port of Entry Any port desig- nated by the U.S. government where goods may enter the United States Marketplace Duties paid upon leaving FTZ and entering U.S. markets. No duties paid if re-exported Establishing an FTZ 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. Infographic by ROSE LAW GROUP pc roselawgroup.com