Foreign Trade Zone

Foreign Trade Zone: This is an exciting program for U.S. companies that import goods into the United States from overseas for direct distribution, assembly, manufacturing or direct export after import.

Becoming a Foreign Trade Zone will open your company up to the following possible benefits:

Reduce Import Entry Fees
Deferral, Reduction, or Elimination of duties
Reduce your Merchandise Processing fees by weekly reporting
Duty Exemptions on re-exports
Duty exemptions for waste, scrap and yield loss
Improve inventory tracking practices
Indefinitely store items in a Zone.
Zones do not need to be located at a seaport or an airport. A zone can be established at warehouses and factory locations throughout the US.

A feasibility test will be administered to determine if your company qualifies to be a Foreign Trade Zone.

This will provide the information to present the cost savings, time savings and other benefits of becoming a Foreign Trade Zone.

Once qualified as a possible candidate, we will be able to provide you with the tools needed to join a special group of Foreign Trade Zone’s around the country.

This is a great time to explore the possibilities of a new level of importing, manufacturing and exporting.

For more: https://www.govinfo.gov/content/pkg/CFR-2003-title19-vol2/pdf/CFR-2003-title19-vol2-sec146-0.pdf

Contact BDG International to learn more about our foreign trade services