Foreign Trade Zone
What is a foreign trade zone?
The United States government created the foreign trade zone program to boost international trade and make US-based companies more competitive on the global market. Foreign Trade Zones are sites that are granted FTZ (Foreign Trade Zone) status by the FTZ Board and that status allows the site to be seen as outside of the US Customs territory in regards to customs duty payments.
When goods, merchandise, or cargo are imported to a foreign trade zone, they are not subject to customs tariffs or ad valorem taxes until the cargo leaves the zone. Additionally, cargo exported outside of the US from a foreign trade zone are exempt from customs duties. This can be very beneficial to a variety of operations such as:
How can we help your operation?
Blimp Base Storage provides industrial storage services situated in our foreign trade zone area. We have both warehouse space and lay down yard space within the bounds of our foreign trade zone. Companies that frequently import and export products or cargo can see significant savings on customs duties and ad valorem taxes by storing with us.
Our location in Hitchcock, Texas is convenient to the port of Galveston, the port of Houston, the port of Texas City, and the port of Freeport.
Contact us to see how we can help your business.