Gateway Terminal is one of few designated Foreign Trade Zones in the State of Connecticut
Our designation as a Foreign Trade Zone, known internationally as a free trade zone, offers a unique opportunity for companies looking to address the many challenges associated with conducting international trade.
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Since Foreign Trade Zones are physically located within the United States, but deemed to be outside the U.S. Customs territory, they are exempt from many U.S. Customs rules and regulations.
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These areas are still governed by the laws and regulations of the United States, as well as those of the communities where they are located.
FTZ Benefits
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Foreign Trade Zones provide businesses with opportunities to reduce U.S. Customs duties and to defer payment until the product leaves the zone.​
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Many foreign-made parts, components, and merchandise may enter the foreign trade zone without payments of certain duties, taxes, and fees.
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Businesses can store goods in a Foreign Trade Zone without paying the duties, taxes, and fees associated with importing into the U.S.
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Merchandise that is held in a Foreign Trade Zone and subsequently exported may not require payment of U.S. Customs duties.
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Businesses can also use parts held in the Foreign Trade Zone to manufacture and export a finished product without being subjected to U.S. import and export surcharges.
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To learn how you can gain a competitive edge for your business using our Foreign Trade Zone terminal and warehouse space, please call...