An increase in the use of Free Trade Zones around the world is playing a role in the rise of countries using Foreign-Trade Zones (FTZs). The continued growth of the global economy is also responsible for expanding FTZ use.

In 2017, the greatest challenges to FTZs will be compliance related, exacerbated by the expected increase of activity within these zones. Within the past three years, a record-high $99.2 billion in merchandise was exported from U.S. FTZs, according to data from the Foreign-Trade Zones Board.

Q: What Can FTZ Operators Expect from e214 in ACE?

U.S. Customs and Border Protection (CBP) is working to complete the final deployment of core trade processing capabilities in the Automated Commercial Environment (ACE). As part of the delivery of core trade processing in ACE, CBP has established a series of mandatory use dates for transitioning to ACE.

The U.S. Foreign-Trade Zone (FTZ) e214 application for electronic admission filings presents multiple benefits, including a reduction in document handling placed on FTZ operators. Although the current e214 made admission filing electronically possible, those filings are not going directly in the Automated Commercial Environmental (ACE) system, so this transition moves one more piece of functionality from CBP’s old Automated Commercial System (ACS) system to ACE.

Are you too busy to review the complete 2014 FTZ Board Report? Then take a quick look at these highlights.