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ForeignTrade Zones www.trade.gov/ftzWhat is a ForeignTrade Zone? ForeignTrade Zones (Ftps) are locations in U.S. designated by the FT Board where merchandise can be imported prior to formal entry
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govftz stands for government foreign trade zone, it is a designated area within a country where goods may be landed, handled, manufactured, or reconfigured without intervention of the customs authorities.
Any entity or individual involved in foreign trade activities within a designated foreign trade zone is required to file govftz.
govftz forms can be filled out electronically through the designated government website or submitted in person to the customs authorities.
The purpose of govftz is to facilitate and promote trade, boost economic development, and attract foreign investment by offering various incentives and benefits to businesses within the designated zones.
Information such as goods imported/exported, value of goods, country of origin/destination, and other relevant trade data must be reported on govftz forms.
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