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What is a Foreign Trade Zone?
A Foreign Trade Zone (FTZ) is a site in or near a U.S. Customs port of entry where foreign and domestic merchandise is generally considered to be international commerce. Foreign or domestic merchandise may enter this enclave without a formal Customs entry or the payment of Customs duties or government excise taxes.
What can I do or store in the FTZ?
Zone procedures provide one of the most flexible methods of handling domestic and imported merchandise. Entrepreneurs are using FTZs with a creativity that portends a new beginning of real benefits for global orientation. Companies both large and small are taking advantage of the direct savings. Companies large and small and in nearly every industry have found profitable homes in FTZs, and the list is growing.
Merchandise in a Zone can be:
• Stored • Displayed • Assembled • Tested • Repaired • Manufactured • Sampled • Manipulated • Salvaged • Re-labeled • Mixed • Destroyed • Re-packaged • Cleaned • Processed
If the final product is exported from the United States, no U.S. Customs duty or excise tax is levied. If, however, the final product is imported into the United States, Customs duty and excise taxes are due only at the time of transfer from the FTZ and formal entry into the United States. The duty paid is the lower of that which is applicable to the product itself or its component parts. Thus, Zones present opportunities to realize Customs duty savings by Zone users.
Is an FTZ right for my company?
There are many benefits to having your company become an FTZ. If you can say yes to ANY of these following questions, then an FTZ might be right for you.
- Does your company import; and, if so, are the imported items/components dutiable?
- Do you keep inventory for more than a few weeks?
- Is the frequency of your shipments more than five times a month?
- Does your company use imported components for assembly?
- Does your company re-export any imported products?
- Are you a logistics company looking for a competitive advantage?
Contact the Baltimore Development Corporation (www.baltimoredevelopment.com) to find out how an FTZ can help your company.
How many Foreign Trade Zones are found in Maryland?
Maryland is home to four Foreign Trade Zones:
Grantee: City of Baltimore Development Corporation
36 S. Charles St., Ste. 1600, Baltimore, MD 21201 • 410-837-9305
BWI Airport #73
Grantee: Maryland Department of Transportation, Maryland Aviation Administration
P.O. Box 8766, BWI Airport, MD 21240-0766 • 410-859-7002
Prince George’s County #63
Grantee: Prince George’s County Government, Economic Development Corporation
1100 Mercantile Ln., Ste. 115A, Largo, MD 20774 • 301-583-4650
Washington County #255
Grantee: Board of County Commissioners of Washington County
18434 Showalter Rd., Hagerstown, MD 21742 • 240-313-2768
What is the ASF designation for Baltimore?
Baltimore’s FTZ has received the Alternative Site Framework (ASF) designation from the U.S. Department of Commerce. This is an optional program to manage U.S. FTZ sites. ASF gives much greater flexibility to FTZs by using simpler and less time-consuming procedures to bring FTZ designations to locations where a company has decided to pursue an FTZ.
The ASF was created when the old, traditional site-management framework got to be outdated and imposed major burdens on everyone involved because it consumed too much in government resources. The new framework greatly speeds up the process for local manufacturers and exporters to become designated by reducing the paperwork in the application process and expedites the decision-making process from one year to 60 days.
How large is the City of Baltimore’s FTZ #74?
Established in 1982, the City of Baltimore’s Foreign Trade Zone, FTZ #74, has been continually expanded and modified due to various requests for additional space. FTZ #74’s service area consists of more than 1,250 acres of designated non-contiguous industrial and warehouse space in the following areas: Baltimore City, Anne Arundel County, Baltimore County, Harford County, Cecil County, Howard County and Queen Anne’s County.
For more information, please contact:
General Purpose Sites – FTZ #74
|Point Breeze Business Center||2||33|
|Dundalk Marine Terminal||4||489|
|Trade Zone Operations, Inc.||6||100|
|C. Steinweg (Baltimore)||7||11|
|C. Steinweg (Baltimore)||15||8|
|S. H. Bell Company||20||4|
|S. H. Bell Company||21||15.5|
|J. D. Neuhaus LP||27||2.3|
|The Belts Corporation||32||4.0|
|Mazda N.A. Operations||33||111|
|Ace Logistics Services||34||5.12|
|Mazda N.A. Operations||37||9|
|C. Steinweg (Baltimore)||39||5.46|
|PGS USA, LLC||40||3.4|
|VAC PAC, Inc.||41||1.05|
|Henry Bath LLC||42||3.2|
|C. Steinweg (Baltimore)||43||32.5|
|Access World USA LLC||44||10.8|
|Access World USA LLC||45||48.74|
|Host Terminals, LLC||46||4|
|Michelin||Sub Zone – OOB||71|
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