Foreign-Trade Zone
A Foreign-Trade Zone is a secure area usually located in or near a Customs Port of Entry where foreign and domestic merchandise may be moved. The area is considered legally outside of the Customs territory of the United States. Customs duties and excise taxes are due only at the time of transfer of foreign merchandise from the FTZ for U.S. consumption allowing businesses to potentially defer, reduce or eliminate duty on imports.
A successful Foreign-Trade Zone operation can provide an enormous benefit to a company’s Supply Chain, Inventory Management, and International Compliance programs. John S. James Co. has a team with over fifty years of comprehensive foreign-trade zone experience to partner with you in order provide full scale Foreign-Trade Zone services. Our services include, but are not limited to the following:
- Applications
- Activation Assistance
- FTZ Administration
- Backup Administrative Services
- Customs Brokerage Services
- Consulting & Auditing Services
- FTZ Training
If you are new to the Foreign-Trade Zones program, consider requesting a broad feasibility review by contacting our experienced team directly at FTZ@johnsjames.com.