What is a "FTZ": I believe that one of the simplest explanations for the "Lay Person" is from Wikipedia. -- A Foreign-trade zone (FTZ) of the United States 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. Another Definition of an FTZ states that it is an isolated, enclosed and policed area operated as a public utility, furnished with facilities for loading, unloading, handling and storing goods and for reshipping them by land, water or air. Merchandise of every description may be held in the Zone with out being subject to tariffs (customs duties) and other ad valorem taxes. This tariff and tax relief is designed to lower the costs of US based operations engaged in international trade and thereby create and retain the employment and capital investment opportunities that result from those operations.
There are over 230 Foreign-Trade Zone projects and nearly 400 Subzones in the United States.
Dixie Cullen is considered a Sub-Zone, Sub Zone # 38, through the Port of Houston
What is a Sub-Zone? A Foreign-Trade Subzone is an area approved by the Foreign-Trade Zones Board for use by a specific company. Foreign-Trade Subzone companies enjoy all the same benefits as Foreign-Trade Zone companies, but subzones are located outside existing general-purpose sites within 60 miles of the Port of entry. .
For more information about our "FTZ" services please contact us today at Sales@dixiecullen.com
