About Foreign Trade Zones and Contact Info. Simon Aronson Simply Simon Pdf Files on this page. An Introduction to Foreign Trade Zones. 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. Working with headphones on usually means youd rather not be bothered, but sometimes it means youre just listening to something while you work. If you want to be. Dragon Ball Z Para Android Apk. Chapter 13 Building Construction Introduction Fire departments pride themselves in ability to launch aggressive interior structural attacks Often, buildings collapse. Located in or near CBP ports of entry, they are the United States version of what are known internationally as free trade zones. Authority for establishing these facilities is granted by the Foreign Trade Zones Board under the Foreign Trade Zones Act of 1. U. S. C. 8. 1a 8. The Foreign Trade Zones Act is administered through two sets of regulations, the FTZ Regulations 1. CFR Part 4. 00 and CBP Regulations 1. CFR Part 1. 46. Foreign and domestic merchandise may be moved into zones for operations, not otherwise prohibited by law, including storage, exhibition, assembly, manufacturing, and processing. All zone activity is subject to public interest review. Foreign trade zone sites are subject to the laws and regulations of the United States as well as those of the states and communities in which they are located. Under zone procedures, the usual formal CBP entry procedures and payments of duties are not required on the foreign merchandise unless and until it enters CBP territory for domestic consumption, at which point the importer generally has the choice of paying duties at the rate of either the original foreign materials or the finished product. Domestic goods moved into the zone for export may be considered exported upon admission to the zone for purposes of excise tax rebates and drawback. Qualified public or private corporations that may operate the facilities themselves or contract for the operation sponsors foreign trade zones. The operations are conducted on a public utility basis, with published rates. A typical general purpose zone provides leasable storagedistribution space to users in general warehouse type buildings with access to various modes of transportation. Many zone projects include an industrial park site with lots on which zone users can construct their own facilities. Subzones are normally private plant sites authorized by the Board and sponsored by a grantee for operations that usually cannot be accommodated within an existing general purpose zone. The Advantages of Using a Foreign Trade Zone. CBP duty and federal excise tax, if applicable, are paid when the merchandise is transferred from the zone for consumption. While in the zone, merchandise is not subject to U. S. duty or excise tax. Certain tangible personal property is generally exempt from state and local ad valorem taxes. Goods may be exported from the zone free of duty and excise tax. CBP security requirements provide protection against theft. Merchandise may remain in a zone indefinitely, whether or not subject to duty. The rate of duty and tax on the merchandise admitted to a zone may change as a result of operations conducted within the zone. Therefore, the zone user who plans to enter the merchandise for consumption to CBP territory may normally elect to pay either the duty rate applicable on the foreign material placed in the zone or the duty rate applicable on the finished article transferred from the zone whichever is to his advantage. Merchandise imported under bond may be admitted to a FTZ for the purpose of satisfying a legal requirement of exporting the merchandise. For instance, merchandise may be admitted into a zone to satisfy any exportation requirement of the Tariff Act of 1. Federal law and many state laws insofar as the agency charged with its enforcement deems it so. Establishing a Foreign Trade Zone. The Foreign Trade Zones Act of 1. Foreign Trade Zones Board to review and approve applications to establish, operate, and maintain foreign trade zones. The Board may approve any zone or subzone which it deems necessary to serve adequately the public interest. The Board also regulates the administration of foreign trade zones and the rates charged by zone grantees. CBP must approve activation of the zone before any merchandise is admitted under the Foreign Trade Zones Act. It is the intent of the U. S. foreign trade zone program to stimulate economic growth and development in the United States. In an expanding global marketplace there is increased competition among nations for jobs, industry and capital. The FTZ program was designed to promote American competitiveness by encouraging companies to maintain and expand their operations in the United States. The FTZ program encourages U. S. based operations by removing certain disincentives associated with manufacturing in the United States. The duty on a product manufactured abroad and imported into the U. S. is assessed on the finished product rather than on its individual parts, materials, or components. The U. S. based manufacturer finds itself at a disadvantage compared with its foreign competitor when it must pay a higher rate on parts, materials, or components imported for use in a manufacturing process. The FTZ program corrects this imbalance by treating products made in the zone, for the purpose of tariff assessment, as if it were manufactured abroad. At the same time, this country benefits because the zone manufacturer uses U. S. labor, services, and inputs. Role of CBPCBP is responsible for the transfer of merchandise into and out of the FTZ and for matters involving the collection of revenue. The Office of Regulations and Rulings at CBP Headquarters provides legal interpretations of the applicable statute, CBP Regulations and procedures. The Port Director of CBP, in whose port a zone is located, is charged with overseeing zone activity as the local representative of the Foreign Trade Zones Board. He or she controls the admission of merchandise into the zone, the handling and disposition of merchandise in the zone, and the removal of merchandise from the zone. In addition to the Foreign Trade Zones Act, he or she enforces all laws normally enforced by CBP that are relevant to foreign trade zones. Zones are supervised by FTZ Coordinators i. CBP Officers, Import Specialists, Entry Specialists or Agricultural Specialists, etc. What may be placed in zones. Any foreign or domestic merchandise not prohibited by law or other exception listed below, whether dutiable or not, may be taken into a foreign trade zone. Merchandise, which lawfully cannot be imported into the United States, is prohibited without exception. Furthermore, placing merchandise subject to a quota into a zone cannot circumvent quota on the imported merchandise. On the other hand, merchandise for which a quota is filled or for which a quota on entry is established, may be placed into a zone until the quota opens or is removed since foreign trade zones are considered outside CBP territory for entry purposes. Such products, with the exception of certain textiles 1. CFR 1. 46. 6. 3d, may be manipulated or manufactured while in the zone into a product not subject to quota. Some Federal agencies regulate storage and handling in the United States of certain types of merchandise, such as explosives. Depending on the nature of the requirements and the particular characteristics of the zone facility, such merchandise may be excluded. Moreover, agencies, which license importers or issue importation permits may block admissions to a zone, which are not properly licensed or permitted. Manual De Practicas Word 2010.