Foreign Trade Zone

GPTKB entity

Statements (46)
Predicate Object
gptkbp:instanceOf gptkb:industry
gptkbp:activity gptkb:assembly_language
gptkb:museum
manufacturing
testing
storage
destruction
repair
processing
repackaging
gptkbp:administeredBy gptkb:U.S._Customs_and_Border_Protection
gptkb:U.S._Foreign-Trade_Zones_Board
gptkbp:alsoKnownAs gptkb:FTZ
gptkbp:application public or private entities
gptkbp:approvedBy gptkb:Foreign-Trade_Zones_Board
gptkbp:benefit duty deferral
duty elimination
duty reduction
logistics flexibility
gptkbp:establishedIn gptkb:United_States
1934
gptkbp:example gptkb:JFK_Airport_FTZ
gptkb:Port_of_Houston_FTZ
gptkb:Port_of_Los_Angeles_FTZ
gptkb:Port_of_Miami_FTZ
gptkbp:exemptionFrom U.S. customs entry procedures until goods enter U.S. commerce
state and local inventory taxes in some cases
gptkbp:governedBy gptkb:Foreign-Trade_Zones_Act_of_1934
gptkbp:locatedIn designated sites in or near U.S. ports of entry
gptkbp:numberInUS over 250
gptkbp:purpose facilitate international trade
encourage economic activity
reduce customs duties
gptkbp:regulates gptkb:19_CFR_Part_146
gptkbp:relatedTo free trade agreement
export processing zone
bonded warehouse
customs territory
gptkbp:supervisionBy gptkb:U.S._Customs_and_Border_Protection
gptkbp:usedBy manufacturers
exporters
distributors
importers
gptkbp:website https://enforcement.trade.gov/ftzpage/
gptkbp:bfsParent gptkb:FTZ
gptkbp:bfsLayer 4