Walworth County – Foreign Trade Zone No. 41
Walworth County is part of the US Foreign Trade Zone program. The Foreign Trade Zone (FTZ) Program was created by the U.S. Government to facilitate international trade and increase the global competitiveness of U.S.-based companies. The program, which has existed since the 1930s, continues to thrive and change to better meet the needs of American companies in the global economy.
An FTZ is an area within the United States, in or near a U.S. Customs port of entry, where foreign and domestic merchandise is considered to be outside the country, or at least, outside of U.S. Customs territory. Certain types of merchandise can be imported in a Zone without going through formal Customs entry procedures or paying import duties. Customs duties and excise taxes are due only at the time of transfer from the FTZ for U.S. consumption. If the merchandise is re-exported and never enters the U.S. commerce, then no duties or taxes are paid on those terms.