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Foreign Trade Zone

A foreign trade zone is a designated location in the United States where companies can use special procedures that help encourage U.S. activity and value added - in competition with foreign alternatives - by allowing delayed or reduced duty payments on foreign merchandise, as well as other savings.

FTZ sites and facilities remain within the jurisdiction of local, state or federal governments or agencies.

West Virginia FTZ No. 229 Charleston:

Grantee:
West Virginia Economic Development Authority
David Warner
North Gate Business Park, 160 Association Dr.
Charleston, WV 25311
Phone 304-558-3650
Fax 304-558-0206

In Putnam County, Subzone #229A is located at Toyota Motor Manufacturing at Buffalo, West Virginia. Subzones are a special-purpose type of ancillary zone authorized by the Board, through grantees of public zones, for operations by individual firms that cannot be accommodated within an existing zone, when it can be demonstrated that the activity will result in a significant public benefit and is in the public interest.

Benefits to a Zone User:

  • Duty Exemption - No duties on or quota charges on re-exports.
  • Duty Deferral - Customs duties and federal excise tax deferred on imports.
  • Inverted Tariff - In situations where zone manufacturing results in a finished product that has a lower duty rate than the rates on foreign inputs (inverted tariff), the finished products may be entered at the duty rate that applies to its condition as it leaves the zone - subject to public interest considerations.
  • Logistical Benefits - Companies using FTZ procedures may have access to streamlined customs procedures (e.g. "weekly entry" or "direct delivery").
  • Other Benefits - Foreign goods and domestic goods held for export are exempt from state/local inventory taxes. FTZ status may also make a site eligible for state/local benefits which are unrelated to the FTZ Act.
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Physical Address: 5664 State Route 34, Winfield, WV 25213 | Mailing Address: P.O. Box 167, Scott Depot, WV 25560

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