what is a foreign-trade zone? · benefits of foreign-trade zones a u.s. foreign-trade zone (ftz or...

For more information about FTZ #138, please contact Angie Atwood at 614-409-3622 or [email protected] FTZ #138 has been approved for the Alternative Site Framework (ASF) which is designed to be a fast and flexible process for obtaining FTZ designation. This means that once an application is filed with the FTZ Board, companies within our 25-county service area will receive designation in less than 30 days. FOREIGN-TRADE ZONE #138 The FTZ allows users to: • Reduce, eliminate or defer Customs duties. • Avoid “duty drawback” on re-exported or scrapped merchandise. • Increase logistics flexibility. • Move merchandise directly to the factory or warehouse with no clearance delay. • File Customs entry paperwork weekly rather that on each container. BENEFITS OF FOREIGN-TRADE ZONES A U.S. Foreign-Trade Zone (FTZ or zone) is a site within the United States that is legally considered outside of Customs territory for the purpose of duties, so goods may be brought into the site duty-free and without formal customs entry. Because foreign merchandise admied into a FTZ is considered still to be in international commerce, it may be: • Stored or exhibited. • Repackaged, relabeled or broken into smaller lots. • Mixed, manipulated or used in a manufacturing or value-added process. • Transferred into another FTZ with no liability until it leaves the FTZ. WHAT IS A FOREIGN-TRADE ZONE? Helping Central Ohio Companies Compete Globally

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Page 1: WHAT IS A FOREIGN-TRADE ZONE? · BENEFITS OF FOREIGN-TRADE ZONES A U.S. Foreign-Trade Zone (FTZ or zone) is a site within the United States that is legally considered outside of Customs

For more information about FTZ #138, please contact Angie Atwood at 614-409-3622 or [email protected]

FTZ #138 has been approved for the Alternative Site Framework (ASF) which is designed to be a fast and flexible process for obtaining FTZ designation. This means that once an application is filed with the FTZ Board, companies within our 25-county service area will receive designation in less than 30 days.

FOREIGN-TRADE ZONE #138

The FTZ allows users to:• Reduce, eliminate or defer Customs duties.• Avoid “duty drawback” on re-exported or scrapped merchandise.• Increase logistics flexibility.• Move merchandise directly to the factory or warehouse with no clearance delay. • File Customs entry paperwork weekly rather that on each container.

BENEFITS OF FOREIGN-TRADE ZONES

A U.S. Foreign-Trade Zone (FTZ or zone) is a site within the United States that is legally considered outside of Customs territory for the purpose of duties, so goods may be brought into the site duty-free and without formal customs entry.

Because foreign merchandise admitted into a FTZ is considered still to be in international commerce, it may be: • Stored or exhibited. • Repackaged, relabeled or broken into smaller lots.• Mixed, manipulated or used in a manufacturing or value-added process. • Transferred into another FTZ with no liability until it leaves the FTZ.

WHAT IS A FOREIGN-TRADE ZONE?

Helping Central Ohio Companies Compete Globally

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Grantee, Foreign-Trade Zone No. 158ia.ita.doc.gov/Ftzpage/publicutility/FTZ158_waiver_request.pdf · Administrator of the FTZ 158 Zone project, ... Grantee, Foreign-Trade Zone No