Foreign Trade Zones are a central piece to the foreign trade in the United States. They help expedite and encourage foreign commerce. This is the unofficial motto for FTZs. The increase of foreign imports and exports help grow the economy. As of 2017, there are over 2,900 US Read More
About Foreign Trade Zone 147
Foreign-Trade Zone (FTZ) #147 encompasses 11 counties in southcentral Pennsylvania – including Adams, Berks, Cumberland, Dauphin, Franklin, Fulton, Juniata, Lancaster, Lebanon, Perry, and York. There are numerous sites that are strategically located to offer convenient on-site inter-modal transport links for air, road and rail transportation. FTZ #147 is operated by the FTZ Corp of Southern PA and is administered by Campbell Trade Group, Inc.
Benefits & Advantages Of FTZ 147
- Lower inventory costs
- Defer, reduce and/or eliminate U.S. Customs duties
- Distributions savings
- Elect preferential duty rates
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Why are Foreign Trade Zones Important?
FTZ 147 Regional Advantage: PhilaPort
When you think of Pennsylvania's rich transportation history, you typically think of trains. For Philadelphia, the port is part of their transportation history. In 2017, the Port of Philadelphia rebranded themselves as PhilaPort. Focusing on PhilaPort's new investments Read More