C16u—U.S. Foreign Trade Zone (FTZ) Overview

Subscriber price: $65.00, Non-subscriber price: $85.00
Estimated total study time: 4 hours 30 minutes [Enroll now]

This course is an overview of what Foreign Trade Zones are, how they began and why they are used. The material provides a basic understanding of the documents required, operations that can be performed, the status options for admittance and the benefits of using a Foreign Trade Zone, including a comparison of FTZ's against other duty deferral programs. This course is for anyone needing a basic understanding of the Foreign Trade Zone process.

Introduction to U.S. Foreign Trade Zones

This first lesson, Introduction to U.S. Foreign Trade Zones, begins with an introduction into what foreign trade zones are, why, and how they began.

Next we review the two types of foreign trade zones and how CBP fits into the process. Finally, we discuss the kind of merchandise that can be placed in the FTZ and what operations can be performed there.

(Estimated study time: 53 minutes)

Foreign Trade Zone Inventory and Recordkeeping Overview

In this lesson, we begin our study with an overview of foreign trade zones with an introductory coverage of documentation required for inventory and recordkeeping including information required for admission, manufacture and removal from the FTZ.

(Estimated study time: 1 hour 18 minutes)

Status Conditions of Merchandise in a Foreign Trade Zone

This lesson touches on tariff classification and value based on foreign trade zone status, and what the consequences are for non-compliance. Here we also cover the types of status conditions under which the goods are admitted to achieve the greatest benefit.

(Estimated study time: 1 hour 9 minutes)

Benefits of Using a Foreign Trade Zone

This lesson is about the benefits of using a foreign trade zone, and there are quite a few! The primary benefit is that duty can be deferred until the goods are removed from the FTZ. There are several others and we will briefly discuss each of them.

(Estimated study time: 34 minutes)

Comparison of Foreign Trade Zones to Other Duty Deferral Programs

In this lesson we will compare use of an FTZ with use of a customs bonded warehouse, duty drawback and temporary import bond.

(Estimated study time: 37 minutes)