Foreign Trade Zones are secured, designated locations around the US where merchandise is considered to be in international commerce, i.e. outside of U.S. Customs Territory. As a result, businesses utilizing a FTZ can reduce or even eliminate duty on imports.
Why is that? How does that work? How much does it cost to implement? This session will review the challenges in setting up a FTZ and explain the steps necessary for assessment, implementation and FTZ activation.
Often viewed as being the domain of large multinationals, Foreign Trade Zones are available to small and medium size businesses (SMB’s) as well, where the financial impact may be even greater. Learn how a Foreign Trade Zone can optimize and de-risk your supply chain, in addition to delivering financial benefit.
The speaker will review two case studies, one for a manufacturer and the other for a distributor, outlining the ROI on their business models.
If you’re an exporter of goods that you import, or goods that you produce from imported components, this session is for you!
- Tom Cook, Managing Director, Blue Tiger International