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Foreign Trade Zone

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FOREIGN TRADE ZONE

Zoned For Opportunity

Capture the Opportunity of a Foreign Trade Zone

The Grand Forks general-purpose Foreign Trade Zone #103 is one of two Federal Trade Zones in North Dakota. Within an hour of the Canadian border and located on the cross roads of Hwy 2 and Interstate 29, Grand Forks gives your manufacturing business a distinct advantage.

FAST FACTS

State with Most Accessible Financing

Grand Forks FTZ #103 is one of only two trade zones in North Dakota

1 Hour

Grand Forks is less than an hour away from the Canadian border

Crossroads of international Trade

Grand Forks is on Hwy 2 that connects to Duluth/Superior shipping lanes

What is a Foreign Trade Zone?

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A Foreign Trade Zone is a designated site in the U.S., in or near a U.S. Customs port of entry, where merchandise is generally considered to be outside U.S. customs territory. Foreign and domestic merchandise may be admitted into zones for designated operations without being subject to formal Customs entry procedures. Within the FTZ, foreign goods are considered international commerce and are not subject to customs duties unless or until they enter the U.S. In addition, raw materials, parts, and components can enter duty-free. Goods can then be assembled, manufactured or processed – and the final product reexported – without paying customs duties.

What is the Advantage of Using a Foreign Trade Zone?

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How Would You Use a Foreign Trade Zone?

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CONTACT US

Want to learn more about our foreign trade zone? Reach out to our team for additional resources and answers to your questions.

Keith Lund headshot

Keith Lund

President & CEO
Phone: 701.746.2722
Email: Keithl@grandforks.org