Reduce import costs, streamline customs procedures, and strengthen your global competitiveness by simplifying how you import, store, process, and export goods
A Foreign-Trade Zone is a secure enclosed area located in or near Customs Ports of Entry. An FTZ is considered to be geographically inside the U.S. but is legally considered outside its Customs territory, meaning that foreign and domestic materials or merchandise may be moved into it without being subject to U.S. customs duties until goods enter U.S. Commerce. When merchandise is removed from an FTZ, customs duties may be eliminated if the goods are then exported outside the United States. If the merchandise is formally entered into U.S. commerce, then customs duties are due at the time goods move outside the foreign trade zone.
Onward New River Valley is the grantee of Foreign Trade Zone (FTZ) #238. Companies located in the 22 county/city service area of FTZ #238 can petition Onward NRV to establish a subzone of FTZ #238 at their facility.
