Foreign-Trade Zone (FTZ)

A restricted-access site, authorized by the FTZB and supervised by Customs (19 CFR §146) where companies can use special Customs procedures prior to entry for consumption. Zones are located in or adjacent to a Customs port of entry and operated pursuant to public utility principles under the sponsorship of a corporation granted authority by the FTZB pursuant to the Foreign-Trade Zones Act (19 USC §81a-u) and regulations (15 CFR Part 400).