Foreign Trade Zone
Number 1 FTZ
A Foreign Trade Zone (FTZ) is a designated area in which foreign and domestic merchandise is considered by the U.S. government as being outside U.S. Customs territory. These zones can be very beneficial for companies involved in foreign trade, as merchandise may be brought into an FTZ without a formal customs entry, import quotas, and other import restrictions. Duties and excise taxes are not assessed until the merchandise enters U.S. commerce.
Port Houston & FTZ
Port Houston manages Foreign Trade Zone 84, which includes many privately owned and port-owned sites located throughout Houston and Harris County, Texas. The key benefits come in the form of import duty and tariff savings, since no duty is paid if merchandise is exported directly from a FTZ.
Application Process for FTZ
The process of obtaining Foreign Trade Zone status begins by first contacting the Port Houston Economic Development team. The Port assists with the application process, and can help companies locate consultants with the specialized knowledge for an in-depth evaluation of the risks and benefits associated with operating in a Foreign Trade Zone.