Baltimore development corporation foreign trade zone. How to apply forms, guidelines, instructions and everything you need to know about ftz applications. Foreign trade zone chesapeake virginia department of. Port of virginia obtains concurrence from cbpnorfolk 5. The foreigntrade zone process can be very onerous to manage manually, especially in highvolume operations. The purpose of an ftz is to expedite and encourage foreign commerce. Merchandise may be transferred under bond from one ftz to another. Foreigntrade zones program and other countries free trade zone programs.
Ftzs were established under a 1934 federal act to encourage foreign commerce and to create and retain americanbased jobs. The purpose of such zones is to help american businesses to be competitive in the global economy by reducing tariff. This relief from invertedtariff benefit is one of the key distinctions between the u. Smartzone premier provides the zone administrator, user, and even finance team with the reports, data views, and customs and border protection functionality and features it will need to compliantly and easily operate a distribution or manufacturing zone or subzone. Cbp must approve activation of the zone before any merchandise is admitted under the foreign trade zones act. Foreign trade zones ftz, sometimes known as free trade zones, are geographically designated and secured areas that for legal purposes are considered outside of u. More than 3,000 firms in the us are currently using foreign trade zones in their supply chain strategy. The world bank defines free trade zones as in, dutyfree areas, offering warehousing, storage, and distribution facilities for trade, transshipment, and reexport operations. This membership applies to companies with a commercial interest in the foreigntrade zones program, but which do not process their own merchandise through an active zone project e. Types of foreigntrade zones foreigntrade zone sites are usually located at seaports, airports, or industrial parks.
Download a printable pdf solution brief for a detailed look at the features of this. As with our approach in other areas of smartzone premier, we offer a superior environment for providing our saas. Foreign trade zones allow businesses to import, store and process goods and raw materials duty free. Foreigntrade zone management ftz software that manages and optimizes operations throughout all industries. Information is also available by method of transportation with dollar values and shipping weights available for air and vessel shipments. Census bureaus foreign trade program is the source of all u. Ftz software onesource global trade for foreign trade zones.
Zones are listed by state and include contact information. In the united states, a foreigntrade zone ftz is a geographical area, in or adjacent to a. Global trade management solutions for foreign trade zones. Flagler global logistics ftz management services united states. In fact, theres reason to believe theyll become even more popular once additional regulatory oversight is put in place. Download the below whitepaper to learn more about how expeditors. Foreigntrade zones software ftz management software. Activity involving the substantial transformation of a foreign article resulting in a new and different article having a different name, character, and use, or activity involving a change in the condition of the article which results in a change in the customs classification of the article or in its eligibility for entry for consumption 15 cfr 400. The board may approve any zone or subzone which it deems necessary to serve adequately the public interest. Foreign trade zones economic development partnership of. Foreign trade subzone companies enjoy all the same benefits as foreign trade zone companies, but subzones are located outside existing generalpurpose sites within 60 miles of the port of entry. This dataset contains the boundaries of new jersey foreign trade zones and subzones.
Foreigntrade zones may be bright spot for shippers in. They are available to multiple users on a public and uniform basis. The oic team includes representatives throughout the world covering canada, china, france, germany, austria, switzerland, japan, mexico, south korea, taiwan and the. Companies that use zone procedures enjoy the benefits of relief from tariffs and other forms of inventory taxes on goods and materials during the. The foreigntrade zones ftzs program was authorized by congress in 1934 ftz act 19 usc. Tax free trade zones of the world and in the united states. Enacted during the great depression, the ftz act was intended to expedite and encourage foreign commerce and other purposes. Foreign trade zones ftz remain valuable and important to many different industries in the united. Automated ftz systems must have robust functionality combined with rich content, rulebased integration tools and electronic links to multiple regulatory government agencies. The software was also designed to allow the easiest integration possible which increases the level of accuracy of data as well as significantly lower your overall implementation cost. Complete information on the export regulations and filing. Achieving and maintaining ftz status requires continuous compliance with strict regulations, documentation and security requirements set forth by the u. Foreigntrade zone inventory and compliance software. Knowing where to start can be a challenge, but livingston can help.
The ohio department of taxation odt has issued information release cat 200510 concerning qualified foreign trade zone areas. Ocrs ftz module eases this burden by integrating with the ocr ease import and export modules to efficiently bring finished products into the u. The benefits of the ftz program can be realized through the services of an existing general purpose zone or through designation as a subzone. If youre searching for import or export statistics, information on export regulations, commodity classifications, or a host of other trade related topics. Foreign trade zones software efx forex trading system v. Smartzone premier foreigntrade zone compliance software. It is a geographic area where goods may be landed, stored, handled, manufactured, or reconfigured and reexported under specific customs regulation and generally not subject to customs duty. New software for foreign trade zone management now available.
Operated by the public or private corporation,as authorized by the foreign trade zone board,and under supervision of u. A foreign trade subzone is an area approved by the foreign trade zones board for use by a specific company. Summary poster for the city of new york department of docks, showing large ocean liner with the flags of many nations in background. In short, smartzone premier meets the regulatory requirements for foreigntrade zone inventory control and record keeping system icrs while making ftz. The foreign trade division ftd provides information on u. Indeed, industry leaders say its a show stealer this year. Global trade and pharmaceutical foreign trade zones. In short, smartzone premier meets the regulatory requirements for foreign trade zone inventory control and record keeping system icrs while making ftz. In addition to providing the widest array of foreigntrade zone consulting services available, the ftz corporation offers its stateoftheart ftz inventory control.
Customs service having jurisdiction over the area to be served by the proposed zone project. As previously mentioned, in many cases you must actually export all the merchandise. Foreign and domestic merchandise may be moved into zones for storage, exhibition, assembly, manufacturing, and processing without payment of duties, quota and other import. Companies that operate in foreign trade zones can defer, reduce or eliminate customs duties. For multiple dates of export, record the word multi in this block, and associate the date of export with each line number or where line items are segregated by invoice, associate with each invoice in column 28. The foreign trade zone program was created by the united states government to facilitate international trade and. In the united states, a foreigntrade zone ftz is a geographical area, in or adjacent to a united states port of entry, where commercial merchandise, both domestic and foreign receives the same customs treatment it would if it were outside the commerce of the united states. If you have any questions please contact the ftz staff at 202 4822862. Foreigntrade zone ftz program is an economic development tool to i. Census bureau automated foreigntrade zone reporting program.
The successful development of smartzone premier ftz software is the result of the foreigntrade zone corporations highly qualified technical team working with the foreigntrade zone corporations senior consulting team to design, and develop ftz software that has better compliance and better technology. The foreigntrade zones naftz, exposition at the palmer house hilton in chicago proved to be another great success, report attendees. This membership applies to companies with a commercial interest in the foreign trade zones program, but which do not process their own merchandise through an active zone project e. Tax free trade zones of the world and in the united states will be an invaluable reference tool for a wideranging professional audience including. The ability to file aes, electronic inbonds, and permits to transfer ptt are essential functions of a foreign trade zone solution. Foreign trade zone 20 companies involved in international trade can leverage nearly 1,000 acres of industrial property located in chesapeake, va, within foreign trade zone 20 now one of the largest in the united states at 10,000 acres. General information foreign trade zone is a secured place authorized by the federal government, considered to be outside the customs territory of the united states though under u. Congress with passage of the foreign trade zones act of 1934, as amended 19 u. Paragraph c of the final and effective rule in that information release provides that the tax commissioner may post on odts internet web site maps of those international airports that meet the qualifications of. Dutyfree treatment is accorded to items that are reexported and duty payment is deferred on items sold in the u. Ftz programs have many forms including foreigntrade zones u. Foreign trade zones consulting services by providing timely, expert consulting services to our foreign trade zone grantee and operator clients, we overcome challenges, create value, maximize growth and improve the operational performance of our clients as they administer, operate and market their foreign trade zone operations. Foreign trade zone free trade zone winnipeg free trade. An introduction to foreigntrade zonesforeigntrade zones ftz are secure areas.
Foreign trade zones software free download foreign trade. In order for your application to be filed and processed in a timely manner, please answer the. The application process foreign trade zone resource center. Foreign trade zones in the spotlight with new bilateral agreements and global ecommerce deals reconfiguring the global marketplace, the popularity of foreigntrade zones ftz is not likely to diminish any time soon. Generally free trade zones offer significantly less opportunity for benefits and tariff savings.
Some sites may be located at companies facilities subzones are established for a. Importer, broker, carrier, software vendorservice center, ftz operator or other 2. Economic benefits to american communities, february 2019, p. Freetrade zones can also be defined as laborintensive manufacturing centers that involve the import of raw materials or components and the export of factory products, but this is a dated definition as more.
Flagler global logistics is the only private company to own and operate from our south florida logistics center property, which is one of the only designated magnet sites within the miamidade county foreign trade zone number 281. Ftz also integrates with third party inventory management software so that. A foreign trade zone ftz is a class of special economic zone. Prior to working as a customs broker at boc international, i had the pleasure of working with glenn page representing various businesses during the establishment, implementation and operational phases of foreign trade zone activity. Information for grantees, operators and users, including annual report information and more. Why foreign trade zones are important to the oil refining business in the u. Foreign trade zone incentives arizona commerce authority. Global scm disruption mitigated by foreign trade zones.
The united states foreign trade zones ftz program might be the right solution for your needs. We release the most up to date data every month and you can find the latest here. Community and economic development foreign trade zone no. The us foreign trade zone board is authorized, subject to certain conditions and restrictions to grant to corporations the privilege of establishing, operating, and maintaining foreigntrade zones in or adjacent to ports of entry under the jurisdiction of the united states. Foreign trades zones program is a federal trade program aimed at enhancing the competitiveness of u. Apply to trading manager, zoning specialist, manager and more. Some sites may be located at companies facilities subzones are established for a specific companyuse at a companys own facility. Gtkonnect ftz software solution aims to automate your zone related data management and transactions to the maximum possible extent. More than 3,000 firms in the us are currently using foreigntrade zones in their supply chain strategy. With onesource foreigntrade zone ftz management, you have the. Customs and border protection cbp that are considered outside the customs territory of the united states at which special cbp procedures may be used. Foreigntrade 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 dutyfree and without formal customs entry. Additionally, the state has seven designated foreign trade zones ftz, providing foreign companies with customsfree options for the import, manufacture or reshipment of goods.
Box 857, liberty, tx 77575 john hebert 936 3367311 fax 936 3369285 houston ftz no. The tools on this page were created to reduce the barriers to the use of ftz procedures. The us foreign trade zone board is authorized, subject to certain conditions and restrictions to grant to corporations the privilege of establishing, operating, and maintaining foreign trade zones in or adjacent to ports of entry under the jurisdiction of the united states. A restricted access site, in or adjacent to a customs port of entry, but legally defined as outside the customs territory of the united states. Foreign trade zone management ftz software that manages and optimizes operations throughout all industries. With trade policy currently a hot political topic, the u. International commerce louisiana economic development. Although foreigntrade zones have grown since their creation by the foreigntrade zones act of 1934, there are still very few sources of information about ftzs. Information release ohio department of taxation home.
Foreign trade zones in the spotlight logistics management. This document may qualify as a guidance document as set forth in. Download and complete the minor boundary modification application 3. The impact of foreign trade zones on the 50 states and puerto rico national association of foreign trade zones. Big savings, little hassle with new bilateral agreements and global ecommerce deals reconfiguring the global marketplace, the popularity of foreign trade zones ftz is not likely to diminish any time soon. Thats why importers and exporters consider the ports foreigntrade zone ftz no. Foreigntrade zones program plays an even more important role in promoting trade, investment, and job creation. Foreigntrade zones consulting services by providing timely, expert consulting services to our foreign trade zone grantee and operator clients, we overcome challenges, create value, maximize growth and improve the operational performance of our clients as they administer, operate and market their foreign trade zone operations. Foreign trade zones ftz foreign trade zones ftz help u. With onesource foreign trade zone ftz management, you have the.
The new software automates and simplifies complex zonerelated data management, deadlines and reporting through reconciliation with inventory bill of materials. Ftzs offer several economic advantages for companies involved in international trade. The move to providing smartzone premier foreigntrade zone software as a service was made as result of client demand, and our desire to offer the most flexible and secure foreigntrade zone software available. Helping retain american jobs the city of memphis and shelby county have assisted many local companies in reaping the benefits of the foreign trade zone ftz program, which include. This site was designed to provide information to virtually anyone involved in the foreigntrade zone ftz program. Box 857, liberty, tx 77575 john hebert 936 3367311.
The foreigntrade zones program was created by the u. Submit application and application fee to the port of virginia 4. The successful development of smartzone premier ftz software is the result of the foreign trade zone corporations highly qualified technical team working with the foreign trade zone corporations senior consulting team to design, and develop ftz software that has better compliance and better technology. Taking advantage of the ftz program can have numerous benefits for importers who participate in distribution and manufacturing. Foreign trade zone ftz operations mandate precise control of cbpsupervised inventory and proactive management of compliant inventory movements. With our suite of solutions, you can consolidate all global trade processes using a single user interface for everyone involved in the supply chain. Foreign trade zones are secure areas under su pervision of the u.
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