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Home » Foreign Trade Zone » General Overview
The
Oxnard Harbor District is the Grantee for U. S. Foreign-Trade Zone #205. This
is the first zone ever established in Ventura County and was created to serve
the broad interests of importers and exporters throughout California's Central
Coast Region. The Port Hueneme Foreign-Trade Zone #205 is comprised of three sites
totaling approximately 840 acres and includes the commercial seaport, South Oxnard
(vehicle preparation centers) and North Oxnard (freezer facilities), all within
five miles of the Port of Hueneme.
Foreign-Trade Zones (or FTZs) are secure areas that are physically within the U. S., but are considered outside of U.S. Customs territory. The U. S. Foreign-Trade Zones Board governs the national FTZ program, and it was the organization which approved the District's zone application in October, 1994.
These FTZ sites are mechanisms which foster international trade and commerce.
Companies or individuals may ship goods into a FTZ, manipulate, process, assemble
and store imports within the boundaries, deferring Customs duty on these goods
until such time as they are ready for consumption by the U. S. market. If the
owner so desires, these goods may be alternatively shipped on to another FTZ,
or another country, with the duty deferment still in effect or paying no duty
at all.
FTZ users enjoy considerable flexibility in their operations. Paperwork associated
with receiving Customs Drawback is not required if the foreign elements of the
production remain in the zone until exported. Value-added improvements or storage
are all conducted under a duty-deferred status. The Foreign-Trade Zone gives the
importer discretion over when, if ever, the foreign product should enter the commerce
of the US and be assessed the required duty.

Our economy receives zone benefits by encouraging trade activities in the U. S. which otherwise may not have been cost-effective without the FTZ program. U. S. Foreign-Trade Zone #205 handled over $1 billion in cargo value in 2002.
The Oxnard Harbor District - Port of Hueneme is an active member of the World Trade Center Association, whose mission is to promote international trade. |
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