Saved Bookmarks
| 1. |
What Is A Foreign Trade Zone, And What Does This Mean For Auburn? |
|
Answer» A Foreign Trade Zone ("FTZ") is an area adjacent to a U.S. Customs SERVICE port of entry, but which is designated as outside of Customs territory. This ALLOWS FTZ users to DEFER or avoid paying DUTIES and tarriffs on imported goods. The FTZ around the Lewiston-Auburn Municipal Airport and Intermodal Facility provides businesses in Auburn with a significant competitive advantage. A Foreign Trade Zone ("FTZ") is an area adjacent to a U.S. Customs Service port of entry, but which is designated as outside of Customs territory. This allows FTZ users to defer or avoid paying duties and tarriffs on imported goods. The FTZ around the Lewiston-Auburn Municipal Airport and Intermodal Facility provides businesses in Auburn with a significant competitive advantage. |
|