The Foreign Trade Zone (FTZ) program is a catalyst for companies involved with international trade to improve their competitiveness and profitability.  By utilizing the FTZ program, companies are able to defer, reduce or eliminate Customs duties on products admitted to the zone. 

Goods stored in a FTZ are considered part of international commerce and are legally outside U.S. Customs territory.  By utilizing the zones program for trade, companies benefit from a variety of financial advantages:

  • Duty Deferral – Duties are paid only when goods enter U.S. Customs territory.
  • Duty Elimination – Goods may be re-exported duty free from the zone.  Goods may be destroyed or scrapped duty-free in the zone.
  • Reduction of Tariffs – Importers may choose to pay duties on raw materials entered into the zone, or pay duties on the finished products as they are entered into U.S. commerce.

The Charlotte Regional Business Alliance is the Grantee for FTZ #57.  As Grantee, the Alliance is charged with establishing, operating and maintaining the zone.  For more information, please contact Laura Foor at lfoor@charlotteregion.com or 704-378-1365.

Need information on the Foreign Trade Zones program in South Carolina?  Visit the South Carolina Ports Authority for an overview of the SC zones program.

Interested in learning how your company could benefit from the Foreign Trade Zones program?  The FTZ Savings Calculator will give you an estimate of your potential zone savings. 

Foreign Trade Zone #57 Service Area

click to view larger map

Please use the following calculator to estimate your company’s potential savings by operating with foreign-trade zone status.


 
 
VALUE OF ANNUAL FOREIGN DUTIABLE INVENTORY $
AVERAGE DUTY RATE ON DUTIABLE IMPORTS %
AVERAGE DUTY RATE ON FINISHED PRODUCTS
(Product that is produced using the imports)
Note: Provide only if it is lower than rate in question #2; otherwise enter same rate as listed in question #2.
%
 
NUMBER OF ANNUAL INVENTORY TURNS  
 
PERCENT OF ANNUAL DAMAGED/SCRAPPED DUTIABLE FOREIGN INVENTORY %
 
PERCENT OF ANNUAL DUTIABLE FOREIGN INVENTORY THAT IS RE-EXPORTED %
 
VALUE OF ANNUAL FOREIGN INVENTORY FURTHER PROCESSED AND ENTERED FOR CONSUMPTION
(note: if no foreign inventory is further processed/subject to inverted tariffs, please enter 0)
$
 

THE FOLLOWING SECTION SHOULD ONLY BE COMPLETED IF YOUR COMPANY FILES MORE THAN 52 CUSTOMS ENTRIES ANNUALLY. IF 52 OR LESS CUSTOMS ENTRIES ARE FILED ANNUALLY, MPF SAVINGS USING WEEKLY ENTRY AND CUSTOMS BROKER FEE SAVINGS USING WEEKLY ENTRY DO NOT APPLY. SKIP TO "TOTAL SAVINGS" SECTION TO SEE SAVINGS.


NUMBER OF CUSTOMS ENTRIES FILED ANNUALLY  
NUMBER OF CUSTOMS ENTRIES FILED UNDER WEEKLY ENTRY  
     
AMOUNT OF CUSTOMS BROKER FEES PER ENTRY $
     
 
CURRENT ANNUAL DUTY PAID WITHOUT UTILIZING FTZ BENEFITS $
 
TOTAL SAVINGS
 
EXPORT SAVINGSS $
SCRAP AND WASTE SAVINGS $
ONE-TIME DEFERRAL BENEFIT (CALC IN 1ST YEAR SAVINGS ONLY) $
INTEREST SAVINGS ON ONE-TIME DEFERRAL (CALC IN FUTURE YEARS ONLY) $
INVERTED TARIFF SAVINGS $
MPF SAVINGS USING WEEKLY ENTRY $
CUSTOMS BROKER FEE SAVINGS USING WEEKLY ENTRY $
 
THE BOTTOM LINE
 
GROSS FIRST YEAR SAVINGS $
GROSS FUTURE YEAR SAVINGS $
GROSS THREE YEAR SAVINGS $
GROSS FIVE YEAR SAVINGS $

Information Supplied by Rockefeller Group Foreign Trade Zone Services

Charlotte Regional Business Alliance
Foreign Trade Zone #57

 

Disclaimer Provision
Any and all explanatory or sample material provided in this website (such as the “FTZ Calculator”) are intended to provide general information regarding the Foreign Trade Zone and are not to be relied on for purposes other than as examples of the concepts being conveyed.  Particular application of any of these concepts to a specific company or situation will be wholly dependent on the applicable facts and circumstances.