FTZ #57 Economic Benefits

May 29, 2025

Category: FTZ57

Foreign Trade Zones provide a myriad of economic advantages for businesses involved in international trade. Primarily, merchandise  may be assembled, manipulated, used in a manufacturing process, relabeled, repackaged, repaired, salvaged, sampled, stored, tested, inspected, cleaned, combined with other domestic or foreign materials, displayed for sale and/or reexported without payment of duty. Savings on personal property, sales and use taxes are possible since state and local governments generally do not impose such taxes on items in an FTZ. Additional savings on interest, labor and shipping costs may also result.