Get the free Foreign Trade Zones Guidelines - census

The document serves as a guide for fulfilling statistical reporting requirements for Foreign Trade Zones (FTZs) to the U.S. Census Bureau, including guidelines for data submission, necessary forms,

How to fill out foreign trade zones guidelines

How to fill out Foreign Trade Zones Guidelines

1. Obtain the Foreign Trade Zones application form from the U.S. Customs and Border Protection website.
2. Fill out the basic information section including your company's name, address, and contact details.
3. Provide a detailed description of the merchandise you plan to handle within the zone.
4. Indicate the specific location of the zone and any contiguous facilities involved.
5. Outline the proposed operations, such as manufacturing, storage, or processing activities.
6. Include financial projections related to the zone operations, such as expected savings or revenue.
7. Obtain signatures from necessary parties, including corporate officers or authorized representatives.
8. Submit the completed application along with any supporting documentation to the designated customs office.

Who needs Foreign Trade Zones Guidelines?

1. Companies engaged in international trade that wish to reduce duties and tariffs.
2. Manufacturers looking to streamline their supply chain and enhance inventory management.
3. Businesses aiming to enhance competitiveness in the global market by taking advantage of trade benefits.
4. Importers and exporters needing more flexibility in managing their goods across borders.

People Also Ask about

What is the difference between FTZ and Subzone?

WHAT IS THE DIFFERENCE BETWEEN THE GENERAL PURPOSE ZONE AND SUBZONE? A Foreign Trade Subzone is an area approved by the FTZ board for use by a specific company. Foreign Trade Subzone companies enjoy all the same benefits as FTZ companies.

What are FTZ capabilities?

An FTZ has full control of merchandise allowing uninterrupted access. FTZ users generally have free movement of goods in and out of an FTZ. Customs has primary control of goods within a Bonded Warehouse.

What operations are not allowed in a FTZ zone?

Retail trade is not permitted in Foreign-Trade Zones. While FTZs are designated as international commerce sites, they remain within the jurisdiction of all applicable local, state and federal agencies, which may still require import licenses or permits for activities within the FTZ.

Which activities are allowed in an FTZ?

Merchandise in a zone may be assembled, exhibited, cleaned, manipulated, manufactured, mixed,processed, relabeled, repackaged, repaired, salvaged, sampled, stored, tested, displayed and destroyed. Production activity must be specifically authorized by the FTZ Board.

What do free trade associations allow in the free trade zone?

The Advantages of Using a Foreign-Trade Zone Goods may be exported from the zone free of duty and excise tax. CBP security requirements provide protection against theft. Merchandise may remain in a zone indefinitely, whether or not subject to duty.

What operations are not allowed in a FTZ zone?

No retail trade of foreign merchandise may be conducted in a FTZ. However, foreign and domestic merchandise may be stored, examined, sampled, and exhibited in a zone.

What are the requirements for a foreign trade zone?

Foreign-Trade Zone sites are generally required to be located within or adjacent to a U.S. Customs and Border Protection port of entry. Zones may be located within port of entry borders, within 60 statute miles of the port of entry's outer limits or within a 90-minute drive from the outer limits of a CBP port of entry.

For pdfFiller’s FAQs

What is Foreign Trade Zones Guidelines?

Foreign Trade Zones Guidelines are regulations and protocols established to facilitate international trade by allowing companies to import goods into designated areas without the usual customs duties and tariffs.

Who is required to file Foreign Trade Zones Guidelines?

Entities that operate or apply to operate a Foreign Trade Zone, including businesses that import or export goods through these zones, are required to file Foreign Trade Zones Guidelines.

How to fill out Foreign Trade Zones Guidelines?

To fill out Foreign Trade Zones Guidelines, businesses must provide detailed information about their operations, including the nature of the goods, intended usage, and other relevant data as specified in the forms provided by regulatory authorities.

What is the purpose of Foreign Trade Zones Guidelines?

The purpose of Foreign Trade Zones Guidelines is to streamline the import process, encourage economic development, and promote international trade by reducing or eliminating customs duties on goods brought into these zones.

What information must be reported on Foreign Trade Zones Guidelines?

The information that must be reported on Foreign Trade Zones Guidelines typically includes the identification of the goods, value, quantity, intended use of the goods, and the company’s contact information and compliance with regulations.