Foreign Trade Zone (FTZ) 252 in Amarillo was established on August 28, 2001. This benefits local companies conducting business internationally and allows import/export activity more expediently and at reduced expense.
The Foreign Trade Zone program offers substantial advantages to U.S.-based manufacturers and distributors, many of which are not available under free trade zone regimes abroad. In general, merchandise in a zone may be: assembled, exhibited, cleaned, manipulated, manufactured, mixed, processed, relabeled, repackaged, repaired, salvaged, sampled, stored, tested, displayed and destroyed.
Some of the benefits that are most attractive to companies are 1) relief from inverted tariffs, 2) duty exemption on re-exports, 3) duty elimination on waste, scrap and yield loss, 4)savings on damaged or nonconforming items, 5) weekly entry savings, 6) cash flow (duty deferral) savings, 7) zone-to-zone transfers, 8) government and military sales, 9) and ad valorem tax relief.
Companies often find that the integration of a variety of FTZ benefits and procedures enables them to maximize their savings and minimize their operational costs at each point in their FTZ distribution or manufacturing processes.
For more information about Foreign Trade Zone 252 in Amarillo, please contact us