Free Trade Zone

GLOSSARY

FTZ (Free Trade Zone)

FTZ is a special commercial zone often near ports/airports where foreign and domestic merchandise and materials may be brought in without the payment of duties. Goods can be transformed/ stored within zones until exit where duties then become liable for payment. We operate several facilities and operations in FTZ locations.

What is FTZ(Free Trade Zone)?

FTZ is a zone, often within a port (but not always), designated by the government of a country for duty-free entry of any nonprohibited goods. Merchandise may be stored, displayed, or used for manufacturing within the zone and reexported without duties being applied. Also referred to as free port.

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