A Foreign Trade Zone (FTZ) is an area within the United States that the government considers outside the country, or at least, outside of the U.S. Customs territory. Certain types of merchandise can be imported into an FTZ without going through formal customs entry procedures or paying import duties.
Some of the benefits of operating within an FTZ are obvious. At the very least an FTZ can help a business defer paying duties. More often, the company pays lower costs, not only to U.S. customs, but to its bank, insurance company, and other vendors.
Follow the links below to learn more about duty-deferment programs.
Vermont is home to three foreign trade zones.
• FTZ No. 55 Burlington
Grantee: Greater Burlington Industrial Corporation
60 Main Street, Suite 101, P.O. Box 786
Burlington, VT 05402-0786
P: (802) 862-5726 F: (802) 860-1899 E-mail: firstname.lastname@example.org
• FTZ No. 268 Brattleboro
Grantee: Brattleboro Foreign-Trade Zone LLC, Vermont
8 University Way, Brattleboro, VT 05301
P: (802) 257-4755 E-mail: email@example.com
• FTZ No. 286 Caledonia, Essex and Orleans Counties
Grantee: Northeastern Vermont Development Association
36 Eastern Avenue, St. Johnsbury, VT 05819
P: (802) 748-5181 E-mail: firstname.lastname@example.org