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Foreign-Trade Zones provide an option for safety stock and value-added production activities in the U.S.
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The FTZ program provides flexibility for companies creating or maintaining jobs and investment in the United States.
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The Greater Kansas City Foreign-Trade Zone and the World Trade Center-KC hosted an FTZ 101 seminar on April 23. Attendees heard first-hand from local FTZ operators about the benefits, activation steps and operational processes of a Foreign-Trade Zone.
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Foreign-Trade Zones (FTZ) are secured, designated locations around the U.S. in or near a U.S. Customs Port of Entry where foreign and domestic merchandise is considered to be in international commerce and outside of U.S. Customs territory. Read the FTZ Frequently Asked Questions here.
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During these uncertain times of global trade, companies are looking for options to maintain business operations and keep costs as low as possible. If companies are importing or exporting products that have been impacted by tariffs, they are most likely reviewing current supply chain processes and the potential of foreign-trade zones
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The National Association of Foreign-Trade Zones (NAFTZ) tracks numerous trade topics that could impact Foreign-Trade Zones. Based on the current issues, the association advocates for FTZ’s at a national level. Read more about the global trade issues the NAFTZ is currently tracking.
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