@media screen and (max-width:768px) { .mysec .et_pb_fullwidth_header {min-height: 400px!important;} .mysec .et_pb_fullwidth_header_container {min-height: 350px!important;} }

Foreign Trade Zones

State Resources: Foreign Trade Zones

Foreign Trade Zones, or FTZs, are a tool that companies use to increase global competitiveness. Through federal designation of areas considered outside the customs territory of the U.S., FTZs provide users and operators with a range of potential tariff and other bene ts. The FTZ program has proven to be successful, consistently retaining capital and jobs in the U.S. and leveling the playing eld for companies making investment and production decisions.

The Port of Portland is the Grantee for Foreign Trade Zone 45. As Grantee, the Port is responsible for the organization, development and marketing of FTZ 45 and manages it as a public benefit as part of the Port’s mission to promote regional economic growth through the traded sector.

Benefits of a FTZ

Duty Reduction/Elimination

In many cases, duties are higher for parts than for nal goods. Therefore, in a FTZ, a company can import parts, assemble products and only pay duty on the nal goods. In addition to this tariff reduction, duty is not paid on goods that are exported from a FTZ.

Duty Deferral

Customs duty can be deferred until items leave a FTZ, providing a
time value of money benefit on tariffs for items that are held within a
FTZ. handled in active sites in 2015

ndled in active sites in 2015

Weekly Entry Savings

Daily or per-container entries may be consolidated into weekly entries, reducing the payment of customs processing fees.

Other Benefits

564 jobs in active FTZ sites Four active operators

Depending on location and use, a FTZ may also provide users with logistical benefit, such as the transfer of goods between FTZ sites duty-free and implementation of best practices for supply chain security. 

Contact Tom Nelson at  541-766-6339 or Tom.Nelson@CorvallisOregon.gov  if you think FTZ would be a benefit to your business.

Foreign Trade Zone 45 Service Area.

Testmimonials

The Economic Development office has been instrumental in our growth as a company and an excellent networking entity.  Being involved in the Innovation Ecosystem here has provided us with the support we needed to grow.

Brian Whiteside, COO
Drone Complier

 

GET IN TOUCH
541.766.6339
Contact Us via Email

LOCATION
City of Corvallis
Economic Development Office
501 SW Madison Avenue
Corvallis, OR 97333

Tweets

Join us for the first WiN #PubTalk of 2018 on February 13th at 101 Eat & Drink! Our featured company is @bigmlcom, one of the Nation's leaders in Machine Learning. Register at the door or online here: https://t.co/ja80Q0Va3w

Applications are now open for the 2018 Willamette Angels Conference. Submit your business plan by Feb 23rd to be considered for investments at the annual conference, May 17th in Eugene. Learn more & apply at https://t.co/Fv1qTKCbsu

. @sunset magazine recently highlighted Corvallis as one of the best small towns in the West to live in. The opportunities, better ways to live, new technology, innovation, & visions of the future. YesCorvallis! Article here:
https://t.co/yZKtUc4Vid

The Oregon Economic Development Association (OEDA) is seeking a qualified Executive Director who can lead & grow the organization. Read more here: https://t.co/w13cLPw7cP.

Load More...