Foreign Trade Zone #129
What is a Foreign Trade Zone?
Foreign Trade Zones (FTZs) are areas within the United States that are under the supervision of U.S. Customs and Border Protection
. For customs’ purposes FTZs are treated as though they are located outside of the United States. An FTZ can provide companies delayed or reduced duty payments on foreign merchandise, as well as other savings. Many firms use FTZs to postpone and in the case of re-exporting, eliminate the applications of U.S. Customs laws that impose duties, taxes, bonds, quotas and other requirements. Domestic and foreign merchandise may be stored at the FTZ. It may be manufactured, displayed, sold or altered in almost any way that is not prohibited by U.S. law
FTZ Savings Estimator Spreadsheet
The Port of Bellingham: Grantee of FTZ #129
Recently the Port modified its FTZ #129 to provide a new benefit for businesses that locate within Whatcom County. The Port of Bellingham has entered its FTZ into the Alternative Site Framework (ASF). This will allow any new companies that locate anywhere within Whatcom County to secure Foreign Trade Zone status for warehousing and distribution operations within approximately thirty (30) days from the time an application is accepted for filing. Manufacturing companies may also benefit from additional streamlined procedures. This is a new process that requires basic information on the company, its operation and location. This will provide companies with the ability to secure approval for FTZ designation in a faster time frame for a lower cost.
FTZ Subzone #129B Approved
T.C. Trading Company of Blaine worked with the Port under the ASF program and activated a new subzone for warehousing/distributution and production assembly.
For More Information
Bellingham FTZ Seminar slideshow 3-12-13
For more information about operating in an FTZ visit the U.S. Foreign Trade Zone Board
, which governs applications for FTZ activities and contact Port FTZ Administrator Dodd Snodgrass
at (360) 676-2500.