Unlocking International Trade Advantages
FTZ 87 has five general-purpose sites and several activated subzones. Foreign-Trade Zone benefits, combined with the Port’s strategic location on the Gulf of Mexico, offer significant advantages for international shipping.
A foreign-trade zone is a secured area located within the United States, but technically considered to be outside the territory of U.S. Customs. The foreign-trade zone program is designed to lower the cost of doing business and stimulate economic growth and development in the U.S. by allowing companies to defer, reduce, or eliminate U.S. Customs duties. Certain types of merchandise may be brought into a zone without a formal Customs entry, import quotas, and most other import restrictions.
Foreign-trade zones were authorized by the Foreign-Trade Zones Act of 1934. Oversight is provided by the Foreign-Trade Zones Board, an independent agency within the Department of Commerce. Local U.S. Customs & Border Protection offices provide supervision and control as the representative of the FTZ Board.