Foreign Trade Zone Benefits
What is a foreign trade zone
Developed as a way to help American companies compete internationally, a Foreign Trade Zone (FTZ) is a regional area exempt from traditional U.S. Customs and Border Protections restrictions.
Materials imported to an FTZ are not subject to international duties or local taxes, allowing businesses to manipulate, process, or manufacture products at their facility and export the product to foreign markets without being assessed international duties.
One of approximately 250 Foreign Trade Zones in the United States, the Port of Montana provides companies an exceptional opportunity to use Butte-Silver Bow as a hub for domestic and international production.
BENEFITS OF FOREIGN TRADE ZONES
Tax & Duties Exempt
Foreign goods not subject to U.S. duties or local taxes
Export Duties Exempt
Manufactured finished products may be exempt from export duties
Fee Free Storage
Products can be stored for an indefinite period of time duty-free
Warehouses regulated under Customs and Border Protection security
Import Quota Exemptions
Products may be exempt from import quotas
Decrease in paperwork and U.S. Customs bureaucracy