Foreign Trade Zones

Questions and answers about Foreign Trade Zones

  • Foreign Trade Zones Q&A 9

    We are in the process of converting our warehouse to a FTZ. We are a retail distributor with thousands of sku’s and find we make inventory adjustments daily through our cycle count. I would be interested to know how if there are any other retailers who operate a FTZ. What is the percentage of accuracy […]

  • Foreign Trade Zones Q&A 10

    We are planning an FTZ subzone for our plant. We are now doing the cost/benefit of FTZ software. IT folk are suggesting we could attempt to do the FTZ completely within SAP. We implemented SAP three years ago, still working out some kinks for international. We bought the SAP-GTS module, but never implemented GTS in […]

  • Foreign Trade Zones Q&A 11

    In reading through the FTZ Brochure on CBP’s site under the advantages of using foreign-trade zone section it says “Goods may be imported into, and then exported from, a zone without the payment of duty and excise taxes except to certain countries, such as NAFTA countries, in which case, any applicable duty and excise tax […]

  • Foreign Trade Zones Q&A 12

    Does anyone operate an FTZ and take advantage of the EU-Mexico Free Trade Agreement? This would mean that you would be admitting European products in to your FTZ and then submitting an IE CF7512 (or other in bond move) to export the products out to Mexico. The time from the admission in to the zone […]

  • Foreign Trade Zones Q&A 14

    Does anyone operate an FTZ and take advantage of the EU-Mexico Free Trade Agreement? This would mean that you would be admitting European products in to your FTZ and then submitting an IE CF7512 (or other in bond move) to export the products out to Mexico. The time from the admission in to the zone […]

  • Foreign Trade Zones Q&A 15

    Are members who run FTZs planning to submit comments regarding “FTZ Administrators” and possible conflicts of interest? Link to the FR notice: http://frwebgate3.access.gpo.gov/cgi-bin/waisgate.cgi?WAISdocID=64697441 1+0+0+0&WAISaction=retrieve By way of background: the title “FTZ Administrator” is not found in the regulations. Many FTZ grantees, required to act and price their services like “public utilities,” find it convenient to […]

  • Foreign Trade Zones Q&A 17

    Are there any withdrawal restrictions from a Foreign Trade Zone? In other words, if we put in 3 million pounds, can it be sold and shipped (obviously US Customs Cleared) on a truckload by truckload basis?

  • Foreign Trade Zones Q&A 18

    Question about FTZ: Ok, you just finished a feasibility study of operating as a manufacturing FTZ facility. There is a considerable amount of money to be saved An individual who is a licensed broker, with over 20 years experience, and is employed by the company wishing FTZ status performed this study. At the moment the […]

  • Foreign Trade Zones Q&A 19

    Currently our company operates an FTZ on the southern border in Texas. Ownership of all goods coming into the FTZ transfers to our company (FOB) under the current process. We import under one bond/one Importer of Record #. Our company imports both finished goods and parts into the FTZ. The majority of the parts are […]

  • Foreign Trade Zones Q&A 20

    I am looking to find information/resources regarding the benefits and detriments of utilizing a vendor in a Free Trade Zone in China (or operating in a Free Trade Zone in China). Do any of the members have specific experiences/reasons for or against sourcing items from vendors/suppliers that operate in a Free Trade Zone in China […]