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  Monday, October 20, 2014    
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Foreign Trade Zone
A Foreign Trade Zone, or FTZ, is a site within the United States, in or near a U.S. Customs port of entry, where foreign and domestic merchandise may be introduced for a variety of reasons, including deferred U.S. Customs duties. The FTZ provides deferred U.S. Customs duties, no drawbacks on re-exports, inverted tariff savings, quota management and provisions for scrap and waste disposal.

Your business can save money on international cargo shipments or your manufacturing / distribution operation by using the FTZ at Jacksonville International Airport (JAX). JAX is a U.S. Customs port of entry and has all the advantages associated with an international gateway.

By locating your production or operating facility within the FTZ, your business will:
  • Be exempt from tariffs on exports.
  • Pay U.S. Customs duties only when goods are transferred out of the FTZ and into the United States.
  • Be able to admit foreign or domestic merchandise for operations that are not otherwise permitted by U.S. law.
  • Be exempt from duties on any merchandise that becomes waste, defective or damaged while it's in the Zone.
  • Manage merchandise subject to quotas.
  • JAX's FTZ has 143 acres for use on demand and experienced FTZ operators. It is located at the crossroads of three major interstates (I-10, I-95 and I-75) and is within an eight-hour truck drive of 33 million consumers.
Call (904) 630-3072 to learn more about how you can save money using the FTZ at JAX.
 
 
 
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