Southwest Missouri FTZ
The Southwest Missouri Foreign Trade Zone (FTZ) can help businesses avoid some of the frustrations of international trade by reducing U.S. Customs delays, and high Customs' duties (taxes).
What is an FTZ?
A Foreign Trade Zone (FTZ) is an economic incentives program created by the federal government to facilitate international trade. An FTZ is physically located within a nation’s boundaries, but legally exists outside the Customs' area. The Southwest Missouri Foreign Trade Zone can include any business in a 23 county region in Southwest Missouri (shown in blue on the map).
While merchandise is in an FTZ, Customs' duties are delayed until it enters U.S. commerce. If goods enter the FTZ and are exported again, they may never be subject to U.S. Customs' duties.
Is an ftz right for your business?
Consider using an FTZ if any of the following applies to your company:
You need to store imported goods, or show them to prospective buyers
Your merchandise must be processed, cleaned, tested, re-labeled, re-packaged or otherwise manipulated before it is released into the U.S. or exported.
Your domestic goods will be sold abroad and carry a high excise tax burden
Some of your imported goods are damaged or destroyed, or have become a waste product of your finished merchandise
The value of your imported merchandise is increased before it is sold
There are U.S. quota restrictions on your finished product
ftz advantages
Continue to operate at your existing facilities
Never pay Customs' duties on goods exported from an FTZ or transferred from one FTZ to another
Duties are not owed on labor, overhead or profit attributed to production in an FTZ
Store your goods indefinitely, duty-free
Minimize inventory cost
Pay the duty rate on either imported components or the finished product, whichever is lower
Duties are reduced or eliminated on damaged or waste materials
Utilize the “weekly entry” feature approved by Customs to save processing fees and minimize procedural requirements
Food and Drug Administration and Department of Agriculture non-approved items may be allowed into an FTZ
Download these FTZ fact sheets for more information
Let's Chat.
Use the form below to contact us with any questions you may have. To help us best service your enquiry, we recommend that you include the following information:
Brief description of your business and products,
Approximate volume and value of sales
Approximate volume and value of imports/exports
Approximate amount of duties, tariffs, and fees you currently pay
What would you hope to benefit from gaining FTZ status
Top questions you'd like answered about FTZs