Savings Estimator

Textiles & Apparel

Key FTZ Benefits:

Cash Flow Benefits – companies can import in bulk and pay duty on products over time as they leave the zone closer to final sale

Duty Elimination on re-exported goods

Weekly Entry savings on MPF and Brokerage Fees

-Country of origin and FTZ labels are not required until items leave the zone minimizing delays

Example:

An apparel company with an average inventory of $100 million would pay $15 million in duties (assuming an average 15 percent duty rate) when the goods are imported, but by operating in an FTZ the company could delay payment of that $15 million, possibly for several months on slower-moving merchandise.

California Apparel News – Using FTZs to Save When Importing Apparel

Foreign-trade zones offer great opportunities for lowering the overall cost of imported apparel and other products.

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FTZs 46 + 47 COVID-19 Resource Center

News, updates, and resources for companies involved in international trade.

News & Updates


CBP Issues New FTZ Bond Guidelines (ISCM)

FTZine September 2020 (ISCM)

Zones Report – June 2020 (NAFTZ)

FTZine May 2020 (ISCM)

NAFTZ March 24 COVID-19 Update (NAFTZ)

FTZine April 2020 (ISCM)

COVID-19 Supply Chain and Trade Update (JD Supra)

Treasury and CBP Announce Deferment of Duties and Fees for Certain Importers During COVID-19 Response (U.S. Customs and Border Protection)


National + Regional Resources


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Foreign Trade Zone 101

Curious about what a Foreign Trade Zone is, and how your company may benefit? Learn the basics about FTZs, the key players, and primary industries.

Foreign Trade Zones 101 from GCFTZ