What is the Foreign Trade Zone
A Foreign Trade Zone (FTZ) is a designated geographic area considered to be officially outside of U.S. Customs territory. Foreign Trade Zones (FTZs) are designed to promote American competitiveness by encouraging companies to maintain and expand their operations in the United States. Federally designated sites encourage U.S.-based operations by removing or reducing tariffs, minimizing processing fees and expediting the transport of goods from the Port of Entry. These and other benefits can assist your expansion efforts as a growing business in Southwest Arizona. Greater Yuma EDC is the grantee of FTZ #219.
- Allows businesses to defer, reduce or eliminate duty on goods imported into the U.S.
- Provides services similar to a bonded warehouse, but with greater flexibility and benefits.
- Permits businesses to manipulate goods prior to going through Customs.
- Affords storage of imported goods on site for an indefinite period of time.
- Supports site specific subzones for qualified businesses to locate anywhere within Yuma County.
Activities Permitted Within a Foreign Trade Zone
- Destruction of Merchandise
- Other Manipulation of Merchandise