|Foreign Trade Zone|
Foreign Trade Zone
Foreign Trade Zones are a tool to promote commerce and enhance international trade. FTZs are set up in or near U.S. Customs ports of entry, where merchandise is considered legally outside U.S. Customs Territory. Foreign or domestic merchandise may enter this zone without a formal customs entry, payment of custom duties, or government excise taxes.
Your business can use an FTZ to reduce duty payments, streamline supply chain costs, and improve your competitive position in domestic and foreign markets. In an FTZ, merchandise is still considered to be in international commerce, and may be stored, distributed, exhibited, inspected, repaired, sampled, relabeled, cleaned and repackaged, assembled, manufactured, or processed.
Spokane’s FTZ No. 224 is a General Purpose Zone that contains over 5,300 designated acres at the Spokane International Airport’s port of entry, with additional sites at the Spokane Airport Business Park and Inland Empire Distribution Systems, located in the City of Spokane Valley.