ALLIANCE TOPS FTZ LIST AGAIN
For the third consecutive year, Alliance Foreign-Trade Zone #196 ranks as the nation's top General Purpose FTZ in the value of foreign goods admitted ($5.4 billion). Harris County ranked third nationally with $4 billion; Dallas 15th with $679 million; and DFW Airport 23rd with $379 million. FTZs are secure areas under the supervision of US Customs and Border Protection and are considered outside the US customs territory for duty payment until imports enter domestic consumption; then the importer may choose paying duties on the original foreign materials or the finished product. There’s a high school algebra question in there somewhere.
ATC Logistics & Electronics prez Antony Francis says using the FTZ will allow significant cost savings for customers. ATCLE opened in 2009, leasing 1M SF. The firm assembles, repairs, and provides logistics for GPS and cell phone manufacturers and providers. Besides ATC, major users of FTZ #196 at the Alliance Global Logistics Hub include Hyundai, Trans-Trade, LEGO, and Motorola.