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SERVICES:
Foreign-Trade Zone (FTZ) #220
Businesses that import dutiable
components and/or products can benefit from a Foreign-Trade
Zone.
What is
a Foreign-Trade Zone?
What are the FTZ benefits
for users and the public?
Where are the FTZ areas in
the Port?
Who are the Port area’s
FTZ contacts?
What other FTZ resources
are there?
What
is a Foreign-Trade Zone?
As defined by Foreign-Trade
Zones Board:
Foreign-trade zones are
designated sites licensed by the Foreign-Trade Zones
(FTZ) Board (the Secretary of Commerce is Chairman) at
which special US Customs and Border Protection procedures
may be used. FTZ procedures allow domestic activity involving
foreign items to take place as if it were outside US
Customs and Border Protection's territory, thus offsetting
US Customs and Border Protection's advantages available
to overseas producers who export in competition with
products made here. Subzones are special-purpose zones,
usually at manufacturing plants.
What are the FTZ benefits?
As defined by Foreign-Trade Zones
Board:
USER
BENEFITS
PUBLIC BENEFITS
- Help facilitate and expedite
international trade.
- Provide special US Customs & Border
Protection procedures as a public service to help firms
conduct international trade related operations in competition
with foreign plants.
- Help attract offshore activity
and encourage retention of domestic activity.
- Assist state/local economic
development efforts.
- Help create employment opportunities.
Where
are the Foreign-Trade Zone areas in the Port?
Five sites are designated as
FTZ areThese non-activated sites are located in the Sioux
Falls industrial parks, at the airport, Burns Moving and
Storage, and at Parker Transfer. The activated site is at
Nordica Warehouse Inc. 801 South 6th Ave.These sites are
all within a few miles of two major interstates (I-90 and
I-29), and the Sioux Falls Regional Airport.
Who
are the Port area’s FTZ contacts?
See the Port Directory
- Foreign-Trade Zone
What
are some other FTZ resources?
Foreign-Trade
Zones Board
This organization approves Foreign-Trade Zone applications.
National
Association of Foreign-Trade Zones (NAFTZ)
US
Customs and Border Protection: Foreign-Trade Zones
This site contains:
- On-Line Foreign-Trade Zones
Manual
- Frequently Asked Questions
- Related Links
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