A Foreign Trade Zone (FTZ) is a specially designated area in or near a U.S. Customs Port of Entry, but outside of any U.S. Customs Territory. In these specially designated areas, Foreign and domestic merchandise can be stored and manipulated together. Goods can be brought into a zone without formal Customs entry or without incurring Customs duties or excise taxes until they are entered into American commerce. FTZ(s) were created by the Foreign Trade Zones Act of 1934 in an attempt to promote U.S. participation in trade and commerce by reducing or eliminating the unintended costs or obstacles associated with U.S. trade laws. Employment that might normally be shifted to a foreign country is thereby encouraged to remain in the U.S.
In 1948 the Port of San Francisco received a Grant of Authority to establish, operate, promote and maintain Foreign Trade Zone #3 for the City and County of San Francisco. The geographic scope of FTZ #3 has since been expanded to include all of San Francisco and San Mateo Counties with subzones across San Francisco Bay in Contra Costa County. |
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What you can do with dutiable merchandise:
For more information, please contact:
Jim Maloney, Maritime Marketing Manager
Jim.Maloney@sfport.com
ph: 415-274-0519 • fax: 415-274-0528
Port of San Francisco | Pier 1, The Embarcadero | San Francisco, CA 94111
Last updated: 7/23/2012 4:58:45 PM
