Foreign Trade Zone
What is a Foreign-Trade Zone?
A Foreign-Trade Zone (FTZ) is a specific area where any form of imported merchandise may be stored, packaged, assembled, manufactured, cleaned, sorted and graded without the expense of Customs duties or taxes.
What are the benefits of a FTZ?
Import duties are not paid until the goods leave the Zone.
Re-exported goods are never entered into U.S. commerce and are not subject to Customs duty.
No duty is paid on scrap, waste, or damaged goods.
The company has the use of the duty dollars for the time the goods are in the FTZ.
The final duty rate paid is that of the component part or of the finished article, whichever is lower.
Products transferred from Zone to Zone are duty free.
Most merchandise subject to quotas may be held in a Zone until quotas open.
Foreign Trade Zone No. 157
The Casper/Natrona County International Airport has an active Foreign-Trade Zone which comprises a total of 1,476 acres.
Casper Logistics Hub