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Foreign Trade Zone – Grant County Economic Development Council

Foreign Trade Zone – Grant County Economic Development Council
Foreign Trade Zone – Grant County Economic Development Council

In a Foreign-Trade Zone (FTZ), commercial merchandise, both domestic and foreign receives the same Customs treatment it would if it were outside the commerce of the United States.  Merchandise of every description may be held in the zone without being subject to tariffs and other ad valorem taxes. This tariff and tax relief is designed to lower the costs of US-based operations engaged in international trade and thereby foster global competitiveness.

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Foreign Trade Zone – Grant County Economic Development Council