What is a Free Trade Zone?

A free trade zone, also called a foreign-trade zone, formerly free port, is an area where goods may be landed, handled, manufactured, or reconfigured, and re-exported without the intervention of the customs authorities.

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What is a Foreign Trade Zone?

Foreign Trade Zones are secure areas under U.S. Customs and Border Protection supervision that are generally considered outside CBP territory upon activation. Located in or near CBP ports of entry, they are the United States’ version of what are known internationally as free-trade zones.

What is a Free Trade Zone Consultant?

A Free Trade Zone Consultant provides trade related services to importers, exporters, manufactures, distributors, and local government, focusing on Customs & Border Protection issues and Foreign Trade Zones. business.

As a National Customs Brokerage, and Free Trade Zone Consultant, how can ITC help?

ITC-Diligence Inc. is an international trade and free trade zone consultant, and a National Corporate Customs Brokerage. With established relationships at most Customs Ports of Entry, ITC-Diligence Inc. provides a unique blend of international trade services.

ITC-Diligence is a leader in the Free Trade Zone Industry representing FTZ Grantees, FTZ Operators, FTZ Users, Local Government and Trade Organizations. Our services include, but are not limited to Marketing and Promotion, Application Solutions, Management Oversight, and Representation at all levels of the Federal Government (CBP, FDA, FCC, ISF, USDA, FTZ Board, CTPAT, and other miscellaneous government agencies).

How do Free Trade Zones help our economy?

The United States is the largest economy in the world and is historically the largest exporter and importer of goods and services. Among other advantages, free trade increases economic growth, limits government spending, and contributes to creating a progressive business climate- all of which preserve the United States’ open, dynamic, and highly competitive economy. It’s safe to say that free trade is paramount to the prosperity of our nation.

Additionally, goods exported from Free Trade Zones are generally not subject to customs duty. FTZs are housed around major seaports and other areas that are geographically convenient for trade and can vastly reduce taxes, customs duties, and regulatory requirements for importers and exporters. Foreign Trade Zones are a powerful and often financially beneficial way for companies based in the United States to manage their global supply chain.