The foreign trade zone program is a federal program designed to incentivize businesses to stay in the united states that may otherwise relocate offshore. Foreign and domestic merchandise may, subject to ftz board and cbp. Ftz9, homer a maxey international trade resource center conference room m401 2nd floor. Arizona is the only state that provides an 80 percent reduction in real and personal property taxes for companies qualifying for ftz or subzone designation. The board also regulates the administration of foreign trade zones and the rates charged by zone grantees. For more information on the ftz program, download the ftz program brochure. Annual report of the foreigntrade zones board 2017. Ftz software onesource global trade for foreign trade zones.
Any questions concerning the contents of this zone schedule should be addressed to. Merchandise can be brought dutyfree into a designated foreign trade zone ftz. This site was designed to provide information to virtually anyone involved in the foreigntrade zone ftz program. The foreign trade zones ftzs program was authorized by congress in 1934 ftz act 19 usc 81a81u and is used to help encourage valueadded activity at u. Authority for establishing foreigntrade zones is granted by the foreigntrade zones board. In arizona, a zone that is approved and activated may be reclassified down from 18% tax. This is done by allowing deferred or reduced and sometimes eliminated duty payments on foreign merchandise admitted into a zone. If you are a business and you are located in a specific zone you may qualify for up to an 80 percent reduction in state real and personal property taxes. Cbp form 216 application for foreigntrade zone activity. Arizona incentives qualified facility tax credit program. Surprise az january 4, 2011 city of surprise leaders are hailing the creation of a west valley foreign trade zone ftz that includes a location in surprise, an effort spearheaded by westmarc. Community and economic development foreign trade zone no. Amendment of application, 31297 201412704 download as pdf federal register vol.
Located in or near cbp ports of entry, they are the united states version of what are known internationally as free trade zones. Ftzs are areas designated to facilitate and encourage international commerce with opportunities to reduce your cost of operations. Foreign and domestic merchandise may be moved into zones for storage, exhibition, assembly, manufacturing, and processing without payment of duties, quota and other import restrictions until the decision is made to enter the goods into the u. Foreigntrade zone management ftz software that manages and optimizes. Economists consider exports to be a key driver of regional economic growth, because they bring new money into a regional economy, and through indirect and induced effects, support a multitude of other businesses. Cbp must approve activation of the zone before any merchandise is admitted under the foreign trade zones act. A foreign trade zone has existed in utah since the 1970s. Piedra motioned, after checking the time frame in the agreement, to send a. Arizona, ftz 277, greater maricopa foreign trade zone, inc. Foreigntrade zone management ftz software that manages and optimizes operations throughout all industries.
Frequently asked questions faq, foreign trade zones board. There can also be security, software, administrative, legal, and customs costs. The ftz program was established to encourage and expedite u. A foreign trade zone ftz present exceptional opportunities to grow your business in goodyear. Arizona trade overview what is the importance of arizona exports. With onesource foreign trade zone ftz management, you have the. Qualifying businesses within the foreign trade zone can realize duty deferral, duty elimination, and significant reductions in property tax.
Arizona also confers state property tax benefits upon ftz users. The purpose of the foreign trade zone manual is to place in one document, the various laws, regulations, policies and procedures that customs and border protection personnel, grantees, operators and users need to know in the daily operation of foreign trade zones. The ftz corporation has operated foreigntrade zones and provided ftz consulting services for over 15 years, and is responsible for some of the most significant advancements in the foreigntrade zone program, including weekly entry for distribution firms. Central arizona commerce park is located where many of arizonas major transportation corridors converge, making the area one of the most sought after locations for commerce and distribution in arizona and the southwest. Property tax savings only in arizona reduce arizona real and. Enforcement and compliance international trade administration. Located in or near cbp ports of entry, they are the united states version of what are known internationally as freetrade zones. If the contact person is not an employee of the grantee, the name of the grantee organization is also given. Feb 29, 2012 this definitive and comprehensive book, with contributions from worldrenowned foreign trade zone expert, the late walter diamond, provides an uptodate guide to the free trade zones and subzones in the united states and around the world. Arizona is the only state that provides an 80 percent reduction in real and. Foreign trade zones program the foreign trade zones ftzs program was authorized by congress in 1934 ftz act 19 usc 81a81u and is used to help encourage activity and valueadded at u.
The foreign trade zone ftz program was created by the u. Arizona trade overview arizonamexico economic indicators. Johnson as published in law 360 on august 24, 2012, reprinted andor posted with permission. Under the ftz program, the standard cbp entry procedures and payments of duties are not required on the foreign merchandise unless and until it leaves the ftz for domestic consumption, at which point the importer. Economic development for pinal county arizona featured sites. More than 3,000 firms in the us are currently using foreigntrade zones in their supply chain strategy. The foreigntrade zone ftz program encourages activity at u. Foreign trade zone ftz program 1 inverted tariff relief duty rates applicable to imported finished products are often lower than the tariffs applicable to foreign materials, parts, or components. List of foreigntrade zones by state international trade. Using a foreign trade zone in north texas january 23, 20 bill methenitis william.
Onesource global trade for foreign trade zones brings you the necessary tools. The dos and donts of a foreign trade zone by brett w. Foreigntrade zones ftz or zone program was created by the ftz act of 1934, in order to expedite and encourage foreign commerce in the united states. Foreign trade zone kitsap economic development alliance. 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. Imagine a corporation in the business of building and leas. Foreign trade zones ftzs provide special customs procedures to u. The ftz corporations vigilant dedication to providing our clients with the most efficient foreigntrade zone procedures possible, has led to the establishment of many efficient cutting edge zone procedures that are considered commonplace today.
Foreign trade zone goodyear, az economic development. The foreign trade zone is located on 55 acres managed by salt lake city. Arizona is the only state that provides an 80 percent reduction in real and personal property taxes for companies qualifying for ftz or sub zone designation. In metro phoenix, goodyear has the most foreign trade zone sites, which are areas designated to. The foreigntrade zones ftzs program was authorized by congress in 1934 ftz act 19 usc 81a81u and is used to help encourage valueadded activity at u. Department of commerce, manages this global trade site to provide access to ita information on promoting trade and investment, strengthening the competitiveness of u.
Customs and border protection cbp ports of entry, but are legally considered to be outside the cbp territory for the purpose of tariff laws and cbp. An application has been submitted to the foreign trade zones ftz board the board by the yuma county airport authority, inc. The foreign trade zones act was one of two key pieces of legislation passed in 1934 in an attempt to mitigate some of the destructive effects of the smoothawley tariffs, which had been imposed in 1930. Came into existence foreign trade zones can be a way to get around a tariff. Foreign trade zones ftzs are designated areas licensed by the foreign trade zones board at which special customs procedures may be used. With onesource foreigntrade zone ftz management, you have the.
Customs and border protection office of field operations. An application has been submitted to the foreigntrade zones ftz board by the city of phoenix, arizona, grantee of ftz 75, requesting expanded subzone status for the facilities of conair corporation, located in glendale, arizona. Use our interactive search tool for a complete listing of available ftz locations in the greater maricopa area. We release the most up to date data every month and you can find the latest here. It was originally located at the international center out by the salt lake city international airport, but has since moved to a site near the union pacific intermodal terminal. The ftz program helps american companies improve their competitive position versus their counterparts abroad. An application has been submitted to the foreigntrade zones ftz board the board by the yuma county airport authority, inc. A foreign trade zone ftz is a class of special economic zone. Foreigntrade zone management ftz software that manages and. Benefits offered by the foreign trade zone program.
Arizona incentives foreign trade zone incentives arizona. Nogalessanta cruz county economic development foundation, inc. The foreigntrade zone corporation is the only firm that limits its practice to ftz consulting and foreigntrade zone software. Manufacturing companies can bring qualifying materials and raw goods into a foreign trade zone ftz at a significant tax discount. Download the full video 235 mb frequently asked questions what is a foreign trade zone. For production operations that use foreign inputs, ftz operators can apply either.
The foreigntrade zones act was one of two key pieces of legislation passed in 1934 in an attempt to mitigate some of the destructive effects of the smoothawley tariffs, which had been imposed in 1930. What you need to know about foreign trade zones utah business. Federal register foreigntrade zone 75phoenix, arizona. Foreign trade zones board approved the greater maricopa foreign trade zone ftz in late december. In the united states, a foreigntrade zone ftz is a geographical area, in or adjacent to a. 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. Foreigntrade zones program the foreigntrade zones ftzs program was authorized by congress in 1934 ftz act 19 usc 81a81u and is used to help encourage activity and valueadded at u. Foreigntrade zones are secure areas under supervision of the u. Imports may be landed and stored without full customs formalities. 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. A foreign trade zone ftz is a secure area located in or near u,s. The ftz program gives special status to foreign imports and. This list gives the address and phone number of the contact person for each ftz project. Dutyfree treatment is accorded items that are processed in ftzs and then reexported, and.
This is a federal program, not a city of peoria program. Our clients benefit from our years of handson experience. Contact peoria economic development to learn how locating your business or facility in this special zone can help cut costs and streamline production. Four key considerations when pursuing foreign trade zone status. This definitive and comprehensive book, with contributions from worldrenowned foreign trade zone expert, the late walter diamond, provides an uptodate guide to the free trade zones and subzones in the united states and around the world. Authority for establishing foreign trade zones is granted by the foreign trade zones board. Foreigntrade zones ftzs are designated areas licensed by the foreigntrade zones board at which special customs procedures may be used. Please select, not applicable, alaska, alabama, arkansas, american samoa, arizona, california, colorado, connecticut, d. A foreigntrade zone ftz is a class of special economic zone. The qualified facility tax credit program was put in place to encourage business investment that will produce high quality employment opportunities for citizens of arizona and enhance arizonas position as a center for corporate headquarters, commercial research and manufacturing. Foreign trade zone management ftz software that manages and optimizes operations throughout all industries. Duty elimination foreign merchandise in the ftz may be reexported free of duty and federal excise tax.
An application has been submitted to the foreign trade zones ftz board by the city of phoenix, arizona, grantee of ftz 75, requesting expanded subzone status for the facilities of conair corporation, located in glendale, arizona. For a number of years, the program was largely ignored, and by 1970, there were only seven ftzs in the country. Census bureaus foreign trade program is the source of all u. There is a foreign trade sub zone in tulare county located on 251 acres in the midstate 99 distribution center in visalia ca.
Businesses and companies can benefit from a variety of regional and state tax incentive programs including state and local job training grants, foreign trade zone and the arizona quality jobs tax credit, to name a few. Looking for the perfect ftz location for your business. More than 3,000 firms in the us are currently using foreign trade zones in their supply chain strategy. The foreigntrade zone ftz program was created by the u.
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