foreign trade zone
		Foreign Trade Zone (#20) is located on US340/522 North of Front Royal. It is licensed by the U.S. Department of Commerce, Foreign Trade Zones Board, International Trade Association and operated by the Virginia Port Authority. The Virginia Inland Port can be reached at (540) 636-4200. Benefits of Foreign Trade Zones include: Customs duty and internal revenue taxes are paid only when a firm transfers merchandise from a Foreign Trade Zone to U.S. Customs territory for domestic consumption; Goods may be exported from a Foreign Trade Zone free of duty and/or taxes; The U.S. Customs Service provides security at the site which results in lower insurance costs; If a manufacturer imports parts or raw materials to a facility in the zone and then sells the finished product in the U.S., the manufacturer can choose whether to pay the tariff on the raw materials or the finished product, thus saving on tariff costs; and Merchandise can be stored indefinitely and is not subject to quotas.