News Article | 2/28/2012

Alliance ranked top foreign-trade zone

The Alliance Foreign-Trade Zone at the Alliance Logistics Hub admitted more than $4 billion in foreign products in 2010, making it the top-ranked general purpose foreign-trade zone in the United States.

Alliance said Tuesday that the ranking was included in an annual federal report. Numbers for 2011 are not yet available.

The value of foreign goods admitted to the Alliance FTZ in 2010 increased 36 percent over 2009.

Operations within foreign trade zones are not subject to formal customs entry procedures or payment of duties until the imported goods are moved for domestic consumption.

Companies at the Alliance Logistics Hub that use the Alliance FTZ include Cinram, Hyundai, LEGO, Motorola, GENCO ATCCallaway Golf and Alliance Operating Services.

About 80 percent of the product received into the Alliance FTZ in 2010 arrived from China, while South Korean goods accounted for 12 percent and Danish goods accounted for 8 percent.

“Much of the product is received into the West Coast ports of L.A./Long Beach and remains within U.S. Customs and Border Protection bonded status as it travels to BNSF Railway’s Alliance Intermodal Facility at the Alliance Global Logistics Hub,” Alliance said in a news release. “The materials are transported to an FTZ-designated facility, where they can be inventoried, assembled, labeled, kitted, exported or destroyed.”