Foreign Trade Zone (FTZ)

Foreign Trade Zone (FTZ)

A Foreign Trade Zone (FTZ) is a designated area where goods are imported, handled, manufactured, or reconfigured without customs intervention.

International Trade Zones:

1. Shenzhen, China
2. Dubai, UAE
3. Colón, Panama
4. New York, USA

Key FTZ Functions:

1. Storage and warehousing
2. Manufacturing
3. Assembly
4. Processing
5. Repackaging

Benefits of FTZs:

1. Duty deferral
2. Duty exemption on re-exports
3. Duty reduction
4. Improved customs efficiency
5. Increased control over supply chain management