Foreign Trade Zone 8

E572705

Customs zone Economic development tool Foreign-trade zone

Foreign Trade Zone 8 is a designated customs area associated with the Port of Toledo that allows businesses to import, store, and process goods with reduced or deferred duties to promote international trade and economic development.

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Statements (46)

Predicate	Object
instanceOf	Customs zone ⓘ Economic development tool ⓘ Foreign-trade zone ⓘ
associatedWith	Port of Toledo NERFINISHED ⓘ
benefit	Duty deferral ⓘ Duty elimination on re-exports ⓘ Duty reduction ⓘ Improved cash flow for users ⓘ Inventory control advantages ⓘ Reduced customs-related costs ⓘ
country	United States of America ⓘ surface form: United States
economicRole	Supports distribution activities ⓘ Supports logistics operations ⓘ Supports manufacturing operations ⓘ Supports warehousing activities ⓘ
function	Allow import of goods with deferred customs duties ⓘ Allow processing and manufacturing of goods in zone ⓘ Allow re-export of goods without U.S. duty payment ⓘ Allow storage of imported goods under customs control ⓘ
goal	Attract foreign and domestic investment ⓘ Increase cargo volumes through Port of Toledo ⓘ Strengthen regional supply chains ⓘ
hasAlternativeName	FTZ 8 NERFINISHED ⓘ Foreign Trade Zone No. 8 NERFINISHED ⓘ
linkedInfrastructure	Port of Toledo marine terminals NERFINISHED ⓘ Regional highway network ⓘ Regional rail network ⓘ
locatedIn	Lucas County, Ohio NERFINISHED ⓘ State of Ohio NERFINISHED ⓘ Toledo, Ohio NERFINISHED ⓘ United States of America ⓘ surface form: United States
purpose	Encourage local job creation ⓘ Enhance competitiveness of local businesses ⓘ Promote international trade ⓘ Support regional economic development ⓘ
regulatoryAuthority	U.S. Customs and Border Protection NERFINISHED ⓘ U.S. Foreign-Trade Zones Board NERFINISHED ⓘ
regulatoryFramework	U.S. Foreign-Trade Zones Act NERFINISHED ⓘ
sector	International trade ⓘ Logistics ⓘ Manufacturing ⓘ Warehousing ⓘ
serves	Exporters ⓘ Importers ⓘ Logistics companies ⓘ Manufacturers ⓘ

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Port of Toledo → hasPart → Foreign Trade Zone 8 ⓘ