Greater Knoxville Foreign Trade Zone
Boost Your Business
Discover how an FTZ can help your business become more competitive or help a community to expand and recruit businesses.
What Are the Benefits?
Businesses located in an FTZ service area receive customs-related benefits that help them compete more efficiently with offshore companies.
Duty Deferral
Delay payment of duty until goods enter U.S. market
Duty Exemption
No duties on imported goods that are re-exported, destroyed, or scrapped
Inverted Tariff
Choose to pay tariff either on components or on finished product
Reduced Processing Fees
File a single customs entry per week rather than multiple entries
Let’s Look at the Facts
There are many myths about FTZs and how they work. The FTZ Program provides communities and companies a way to increase cash flow, remain competitive with foreign markets, and grow the job base within a region.