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According to the Free trade zone directory of the United States Department of Commerce, there are around 298 USA free trade zones throughout the 50 states. Within the Free Trade Zones in USA, there are two specific types – the General Purpose Zones and Subzones.
6 de mar. de 2024 · Foreign-Trade Zones (FTZ) are secure areas under U.S. Customs and Border Protection (CBP) supervision that are generally considered outside CBP territory upon activation. Located in or near CBP ports of entry, they are the United States' version of what are known internationally as free-trade zones.
The International Trade Administration, U.S. Department of Commerce, manages this global trade site to provide access to ITA information on promoting trade and investment, strengthening the competitiveness of U.S. industry, and ensuring fair trade and compliance with trade laws and agreements.
The foreign-trade zones (FTZs) program was authorized by Congress in 1934 (FTZ Act - 19 USC 81a-81u) and is used to help encourage activity and value-added at U.S. facilities in competition with foreign alternatives by allowing delayed or reduced duty payments on foreign merchandise, as well as other savings. Enhancing Competitiveness.
In the United States, a foreign-trade zone (FTZ) is a geographical area, in (or adjacent to) a United States Port of Entry, where commercial merchandise, both domestic and foreign, receives the same Customs treatment it would if it were outside the commerce of the United States.
StateZoneGranteeCbp Port Of EntryAlabamaFTZ 82MobileAlabamaFTZ 83Huntsville-Madison County Airport ...HuntsvilleAlabamaFTZ 98City of BirminghamBirminghamAlabamaFTZ 222Montgomery Area Chamber of CommerceBirminghamIn an FTZ, both foreign and domestic merchandise is treated as international commerce that is outside the jurisdiction of U.S. Customs, allowing for increased freedom of movement for goods and people, streamlined administrative procedures and more efficient free trade.
Last Modified: Jun 28, 2023. North American Free Trade Agreement (NAFTA) established a free-trade zone in North America; it was signed in 1992 by Canada, Mexico, and the United States and took effect on Jan. 1, 1994. NAFTA immediately lifted tariffs on the majority of goods produced by the signatory nations.
