Foreign Trade Zone
The City of Eagle Pass is the authorized grantee for Foreign Trade Zone No. 96 (FTZ 96) and operates under the Traditional Site Framework. Through the FTZ, a company can:
- Reduce or eliminate tariffs on foreign goods coming into the U.S.
- Defer duties on merchandise until it is ready to enter the U.S. market.
- Exempt duties on re-exports.
- Expedite transfers of goods among other FTZs.
- Eliminate duties on scrap or waste.
- Submit a weekly entry to reduce paperwork.
- Avoid duty drawback.
FTZ vs. Bonded Warehouse
While a Foreign Trade Zone (FTZ) can offer significant benefits and substantial savings to a company, we understand that the program may not be right for everyone. Many times, dependent on the operations that need to occur, a U.S. bonded warehouse may fulfill the needs of a company. At the same time, in other cases, an FTZ may bring considerable savings. To have a better understanding of which program is best to use, below are some of the significant differences between an FTZ and a bonded warehouse.
| Type | Foreign Trade Zone (FTZ) | Bonded Warehouse |
|---|---|---|
| Customs Entry | No entry required | Entry required to admit goods into warehouse |
| Permissible Cargo | Foreign and Domestic Goods | Foreign goods only |
| Duties | Only upon entry into the U.S. market | Owed prior to release of goods from the bonded warehouse |
| Inventory Tax | Foreign goods not taxed | All goods are taxed |
| Storage Period | Unlimited | May not exceed five years |
| Control of Goods | FTZ controls goods | CBP controls goods |
| Domestic Goods | May be admitted | May not be admitted |
| Permissible Activity | Clean, repack, sort, destroy, grade, label, assemble, manufacture, exhibit, and co-mingle with other freight (foreign and domestic) | Clean, repack, and sort under CBP supervision |
| Manufacturing | Permitted | Not permitted |
| Waste | Duty is only paid on items leaving the FTZ into U.S. market for consumption | Duty is due on all waste and/or damaged goods |
Click below to see the latest trade numbers from the Port of Eagle Pass, Texas
2022 Trade Numbers
2021 Trade Numbers
2020 Trade Numbers
2019 Trade Numbers
Click Here to view our FTZ information flyer.
