Foreign-Trade Zone Corporation is now part of QAD Precision’s end-to-end global trade management and transportation execution solution. FTZC  is now QAD Precision FTZ. 

QAD Precision FTZ is a recognized leader in FTZ solutions. Our senior FTZ consultants have unrivaled levels of expertise and have successfully completed more than 1,000 FTZ projects, enabling companies to realize significant savings on duties, Customs fees, and taxes.

With QAD Precision FTZ manufacturers and distributors can establish and successfully manage foreign-trade zones and bonded warehousing operations. Aligned with QAD Precision’s end-to-end global trade and transportation solutions, distributors and manufacturers can leverage an integrated approach to establishing and managing FTZ operations, lower importing costs, enhance inventory control and improve supply chain velocity and flexibility. 

QAD Precision FTZ enables manufacturers and distributors to maximize the benefits of FTZs. In the United States, Foreign-Trade Zones are considered to be outside the US commerce and Customs territory. As a result, companies that utilize the FTZ program can defer, and often reduce, or even eliminate duty payments on goods until  entered into the US Commerce. Furthermore, if goods are imported into an FTZ and then re-exported from the FTZ, or destroyed or scrapped within the Zone, companies pay no duties on the goods. By leveraging an FTZ, manufacturers and distributors gain the opportunity for significant cost savings including:  

• Reduce or even eliminate duties on manufactured goods

• Reduce importing fees, such as Merchandise Processing fees and Brokerage fees

• Gain duty exemption on re-exports

• Eliminate need for Duty Drawback

• Eliminate duties on waste, scrap, and production yield loss

• Avoid tariffs and certain PGA requirements while in the FTZ

• Avoid inventory taxes while in the Zone

• Improve on-time delivery performance

• Enhance supply chain performance

QAD Precision FTZ offers a consulting team with unrivalled expertise. By leveraging our FTZ consulting services, manufacturers and distributors will accelerate the process for establishing an FTZ as well as ensure they are compliant with documentation and reporting requirements. Our consulting services include:

• Cost-benefit analysis 

• Feasibility studies

• Preparation and submission of a Foreign-Trade Zone Subzone, Manufacturing, or TIM application

• General purpose zone applications and expansions

• Activation with US Customs and Border Protection (CBP)

• Re-engineering your current FTZ operations to maximize savings

• FTZ project administration

We also offered bundled services for grantees, operators and subzones. Furthermore, our turnkey implementation for new FTZ projects includes obtaining FTZ status, activation with CBP and the implementation of QAD Precision FTZ software.

The QAD Precision FTZ solution enables manufacturers and distributors to simplify FTZ administration and management. Using QAD Precision FTZ, companies will be able to address regulatory requirements for FTZ Inventory Control and Record Keeping System (ICRS). In addition, the solution accurately tracks and records FTZ activities, and includes reporting for regulatory and financial purposes.

QAD Precision offers the industry’s only end-to-end integrated global trade and transportation execution solution. QAD Precision FTZ is used by manufacturers, distributors, third-party logistics providers as well as property developers, grantees, local, regional, and state governments. 

QAD Precision works with customers in over 4,000 sites across more than 100 countries. To find out how QAD Precision can assist your organization, schedule a consultation today or contact an FTZ expert on +1 251-445-1363 or +1 251-445-1385.