901.313.1072+19013131072info@htladvantage.com
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HTL Advantage

1469 South Main Street
Covington, TN 38019

Phone: 901.313.1072     Fax: 901.476.2756
Email: [email protected]



 
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Foreign Trade Zone

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Foreign Trade Zone in West Tennessee

Industrial Parks within each of the three HTL Counties (Haywood, Tipton and Lauderdale Counties in Tennessee), including the Memphis Regional Megasite, have been designated as part of Foreign Trade Zone Number 283. This designation enables companies locating in those areas to receive equipment, raw materials, inventory and elements that might be added to the manufacturing or distribution process without paying federal duties until the finished product is sold. A duty is a federal tax generally charged on foreign trade items. This status now enables rural communities, like those of Haywood, Tipton & Lauderdale Counties to offer the same logistical and competitve advantages as larger cities like Memphis, Nashville or Atlanta. After three years of effort by the West Tennessee Industrial Association, the designation was awarded.  Operation of the 10-area trade zone will be overseen by the U.S. Border Patrol’s Memphis office.

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