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Chesapeake Foreign Trade Zone 20 Benefits
Foreign Trade Zone cost savings for Chesapeake importers, exporters, manufacturers, and logistics companies.
About this program
Chesapeake businesses involved in international trade can access Foreign Trade Zone 20 benefits for eligible industrial and logistics properties. Benefits may include duty deferral, duty reduction, duty elimination on reexports, and operational savings for companies importing components or exporting finished goods.
Eligibility
Eligible importers, exporters, manufacturers, distributors, and logistics companies operating in approved Foreign Trade Zone sites in Chesapeake.
Requirements
- Eligible international trade activity
- Approved FTZ site or subzone participation
- Compliance with U.S. Customs and FTZ rules