Foreign Trade Zone
Gateway Commerce Center is part of Foreign Trade Zone No. 31, one of only two foreign trade zone (FTZ) sites in the St. Louis area. As a result, companies operating at the site can capture major economic benefits largely unavailable elsewhere in the region.
FTZ No. 31 is a public/private sector venture operated by the Tri-City Regional Port District.
Specific benefits include:
- Import duty reduction or elimination on products manufactured, assembled, or processed in an FTZ.
- Duty reduction or elimination on imported goods warehoused in an FTZ.
- U.S. duty elimination when goods are re-exported from an FTZ to a foreign country or another FTZ.
- Simplified customs procedures, allowing expedited movement of inventory and supporting a just-in-time inventory environment.
These advantages are especially important for the following industries:
- Apparel
- Automotive
- Communications
- Electronics
- Fragrances
- Pharmaceutical
