The Foreign-Trade Zone program can offer manufacturers, processors,
and importers located in the United States a number of benefits.
Listed below are a few of the main benefits that account for
most of the companies that use Foreign-Trade Zones.
Relief from inverted tariffs
Duty exemption on re-exports
Duty elimination on waste, scrap, and yield loss
Duty Deferral Foreign-Trade Zones are outside
the Customs territory of the United States, goods are not imported
until they leave the zone. Therefore, Customs duty is deferred
until merchandise is imported from a Foreign-Trade Zone into
the United States. So, instead of companies having substantial
monies tied up in Customs duties on their inventory, they have
use of that money for other purposes.
The Foreign-Trade Zones program has proven to be a successful trade program
by consistently creating and retaining jobs and capital investment in the
United States.
Weekly Entry Savings
Weekly Entry (allowed only to Foreign-Trade Zone users) provides economies
for both Customs and Foreign-Trade Zone users. Under Weekly Entry procedures,
the zone user files only one Customs Entry per week, rather than filing one
Customs Entry per shipment.
