Foreign Trade Zone #93

Triangle J Council of Governments is the grantee of of the Research Triangle Region's full-service, multi-site Foreign Trade Zone #93

A Foreign Trade Zone, or “FTZ”, is a neutral, secured area in or near a port of entry that is legally outside of US Customs & Border Protection Territory. Domestic and foreign merchandise may enter this enclave without a formal Customs entry. Goods entering the Zone may be stored, sorted, manipulated, used in manufacturing, inspected, combined with other domestic or foreign materials, displayed for sale, and re-exported without payment of duty. If the final product is exported from the US, no duty or excise tax is levied. If the final product is imported into the US, customs duty and excise taxes are due only at the time of transfer from the foreign trade zone into US commerce. Spoiled, damaged or waste goods may be disposed of or re-exported without payment of duty.

The US Foreign Trade Zone Board and Triangle J Council of Governments require that zone activities result in significant public benefit and a net positive economic effect. (Subzones may be created if criteria are met.) The intent of FTZ #93 is to stimulate international trade in the Greater Triangle Region and thereby create new jobs in companies engaged in international trade, as well as encourage job creation in spin-off industries.

FTZ #93 is operated by Longistics International. Longistics has the ability to expand its FTZ operations to other approved locations, including another company's plant site. Longistics offers secure, customs bonded space for storage of products.