Free Trade Zone
An FTZ, or "Free Trade Zone" is an area in another country where imported goods can land, be repackaged or modified, relabeled, and then exported without interference from customs authorities. It is incredibly beneficial for shippers to use these zones because it allow them to temporarily defer payments on customs duties. You might be thinking, "Great! But that sounds hard and complicated" Well, good news, thanks to ShipLilly, the process is easy and convenient.
It’s All Thanks to Our Operations Team
It is incredibly important for shippers to work with the proper partner when taking advantage of free trade zone duties suspension. If you try to work it alone or with someone who doesn’t have a specialized team handling your documentation, you could be liable for the full amount of duties leveled by Customs and Border Protection.
But fear not! Our expertly trained, highly-professional operations team will:
- Handle the full process of importing goods into a country's FTZ
- Take care of all free trade zone documentation promptly and efficiently
- Direct all exporting to the final destination country
It is also important to remember that importing to a free trade zone in the United States does NOT free shippers from U.S. legal jurisdiction. Merchandise in an FTZ is only considered to be outside of customs territory, and is still considered to be imported into the U.S. There are a lot of specific details it’s important to know, but you don’t have to worry about it. That's what we're here for. Our team at ShipLilly has all the information you need!
Important
Free Trade Zones are also known as Foreign Trade Zones or Special Economic Zones in some countries, and were formerly
referred to as "Free Ports"
Free Trade Zone Benefits
You’re probably already sold on the benefits of shipping to an FTZ, but in case you’re not, we are happy to provide you with a full list of amazing advantages
- Streamlined customs documentation and procedures
- No duties or charges on re-exports
- Temporarily defer customs duties and excise tax on imports
- Save money and enjoy increased profits
- Save time by avoiding delays at ports
Did You Know?
There are over 2,700 Free Trade Zones around the world. With so many options, it's a no brainer that you should take advantage of their benefits and start saving money!
Heard enough? We have the expertise and connections to help you make the most of your shipping experience and get the most for your money. By choosing us, you are getting a trusted partner who can help you establish a presence in free trade zones throughout the world. For more information, read our pages on Panama free trade zone warehousing, the China free trade zone, and the Miami free trade zone.
Contact Us Now!
A simple call with our logistics specialists will ensure you choose the best service according to your needs and destination.
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