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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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What is govftz?
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.
Who is required to file govftz?
Any entity or individual involved in foreign trade activities within a designated foreign trade zone is required to file govftz.
How to fill out govftz?
govftz forms can be filled out electronically through the designated government website or submitted in person to the customs authorities.
What is the purpose of govftz?
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.
What information must be reported on govftz?
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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