Increase Your Competitive Edge
For more than 75 years, the Foreign-Trade Zones (FTZ) program has been instrumental in promoting international trade, economic development and job creation in the United States. Authorized by the Foreign-Trade Zones Act of 1934, the FTZ program expedites and encourages foreign commerce by lowering the costs of U.S. based operations engaged in international trade. Companies operating FTZs have become a thriving sector in the economy.
World Trade Center Savannah
is the grantee of Foreign-Trade Zone 104.
FTZs help the U.S. economy by allowing companies to source components from around the world at competitive prices, while keeping important value added activities such as manufacturing in the U.S. foreign and domestic merchandise can be admitted into a zone without formal Customs entry procedures, the payment of Custom duties or the payment of federal excise tax. The program is available to all U.S. based companies and can by established in industrial parks, distribution centers and warehouse facilities. FTZs can be multi-user facilities or specific to one company’s use.
Customs duties deferred on imports improves cash flow
No duty or quota charges on re-exports. No duty on waste, scrap or defective parts
Duty paid at the lower tariff rate of the imported component or finished product
Reductions in merchandise processing feeds due to weekly entry
Inventory may be exempt from local and state inventory taxes
Domestic and international merchandise can be warehoused together
No time limit for storage
Tighter inventory controls may eliminate year-end inventory loss adjustments
Zone to zone transfers
Direct delivery potential
To learn more about FTZ 104