How does this designation benefit my business?

​While there are too many benefits to list here, these are some of the primary benefits available:

Duty Elimination from Manufacturing:   
Some duty-free products are that are manufactured in the U.S. are made from parts or raw materials that include a tariff.  If you manufacture these dutiable parts into a duty-free product within an FTZ, you can reduce the duty on those parts, and reduce their cost.  

Duty Deferral:  
​Because a product in an FTZ has not entered U.S. Commerce, all tariffs are deferred until they enter U.S. Commerce. 
​This allows you to repurpose those funds for growth and investment.  

Weekly Entry:
Weekly Entry is a provision only allowed to Foreign Trade Zones.  It allows an importer to file one consolidated Customs Entry for all shipments made during the week, rather than filing one Customs Entry for every shipment.  If you have numerous shipments, this could result in substantial savings.

Example:
A Foreign-Trade Zone user imports a part (which carries a 4% duty rate) and uses it in the manufacture of a product (which is duty-free).
When the assembly leaves the FTZ and enters the commerce of the U.S., the duty rate on the part drops from the 4% rate to the free rate of the assembly.  By using the FTZ, the manufacturer has reduce duty on this component, and therefore reduced the cost on that part by 4%.

Example:
A business imports $12,000,000 of aluminum per year.
Duty is 10%, and it takes an average of 1 month for the product to be used.   
Assuming the cost of capital is 5%, the manufacturer using the FTZ would save $50,000/yr.*
*$12M x 5% / 12 = $50,000.

Example:
If you send 100 trucks per week of dutiable products into the United States, you will incur processing fees, such as Customs Brokerage Fees or MPF [Merchandise Processing Fee] on each truck.  If you send these trucks to an FTZ, these fees can be processed all at one time, and thus, the fees are only incurred once.

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