Foreign Trade Zone
A designated area within the US where goods may be imported, stored, and processed without being subject to customs duties until they enter US commerce.
Frequently Asked Questions
What is Foreign Trade Zone?
A designated area within the US where goods may be imported, stored, and processed without being subject to customs duties until they enter US commerce.
Why is foreign trade zone important for US importers?
Understanding foreign trade zone is essential for importers to correctly classify goods, calculate duties, and maintain compliance with US Customs and Border Protection (CBP) regulations.