FOREIGN TRADE ZONE (FTZ)

An activated general-purpose foreign-trade zone (FTZ) is ready to assist with your larger industrial needs.

WHAT IS A FOREIGN TRADE ZONE?

A site within the U.S. that is considered by the federal government to be outside Customs territory. The benefits of a Foreign-Trade Zone program may be the competitive advantage that companies need to keep their manufacturing or distribution operations in the United States. Lower FTZ-based production costs encourage increased investment in U.S. facilities instead of the offshore alternatives.

Can I benefit from using an FTZ?

You may if you do one or more of
the following:

  • Import goods with a high-duty rate
  • Import and export goods
  • Combine foreign and domestic goods
  • Add value through assembly, manufacturing, packaging, kitting, etc.

BENEFITS OF LOCATING YOUR BUSINESS IN WESTERN NEBRASKA’S FTZ:

As a zone user, you can benefit from:

  • Duty Exemption – No duties on imported goods that are later re-exported.
  • Duty deferral – Customs duties and federal excise tax deferred on imports.
  • Inverted Tariff – In situations where zone manufacturing results in a finished product that has a lower duty rate than the rates on foreign inputs (inverted tariff), the finished products may be entered at the duty rate that applies to its condition as it leaves the zone—subject to public interest considerations.
  • Logistical Benefits – Companies using FTZ procedures may have access to streamlined customs procedures (e.g. “weekly entry” or “direct delivery”).

Using a Foreign-Trade Zone
Zone activity occurs under the supervision of U.S. Customs and Border Protection (CBP), and FTZs remain within the jurisdiction of all other local, state, and federal governments or agencies.

ADAMS INDUSTRIES
Our Industrial Park consists of 900 acres of TIF-approved industrial-zoned property, 600,000+ square feet of indoor storage, 75,000 linear feet of rail capable of handling both manifest cars and unit trains served by both BNSF and UP Railroads, and our own fleet of trucks to handle our customers’ needs.