Foreign Trade

Foreign-Trade Zone #107

 The Foreign-Trade Zone program can offer  manufacturers, processors, and importers located in the United States a  number of benefits. Below are a few of the main benefits that account  for most of the companies that use Foreign-Trade Zones.

  • Relief from inverted tariffs
  • Duty exemption on re-exports
  • Duty elimination on waste, scrap, and yield loss
  • Duty Deferral  Foreign-Trade Zones are outside the Customs territory of the United  States, goods are not imported until they leave the zone. Therefore,  Customs duty is deferred until merchandise is imported from a  Foreign-Trade Zone into the United States. So, instead of companies  having substantial monies tied up in Customs duties on their inventory,  they have use of that money for other purposes. The Foreign-Trade Zones  program has proven to be a successful trade program by consistently  creating and retaining jobs and capital investment in the United States.
  • Weekly Entry Savings Weekly  Entry (allowed only to Foreign-Trade Zone users) provides economies for  both Customs and Foreign-Trade Zone users. Under Weekly Entry  procedures, the zone user files only one Customs Entry per week, rather  than filing one Customs Entry per shipment.

 For more information on the benefits of the Foreign Trade Zone, contact Centennial Warehousing. 

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Centennial Warehousing

10400 Hickman Road Clive, IA 50325