Foreign Trade Zones Continue to Drive Local Economies

A Foreign Trade Zone (FTZ) can provide a wealth of import and export benefits.  The impact on a business leveraging an FTZ can be significant with results across many areas.  Vision Consumer Products Fulfillment has extensive experience and expertise with setting up and managing a FTZ.

In this article the statistics for Foreign Trade Zone 43, located at the U.S. Customs and Border Protection Port of Battle Creek, pointed to significant growth in volume in 2015.  It presents clear and objective success pointing to the impact on commerce through the utilization of a Foreign Trade Zone.

The benefits of an FTZ are clear.  The article mentions these specific points:

• Reduce or eliminate tariffs: It is not uncommon for parts or raw materials to have a higher duty rate than the final product. Within an FTZ, companies may select the lower duty rate when the product leaves the zone. Sometimes, duty is altogether eliminated.
• Delay duty: Distribution firms may warehouse imported goods for extended periods. No duty is owed to U.S. Customs until the merchandise leaves the zone. If goods are exported, no duty costs apply. There is no time limit for merchandise remaining in a zone.
• Reduce paperwork and Customs processing fees: FTZs allow a company to notify Customs about shipments on a weekly basis. With Customs approval, frequent importers using Weekly Entry procedures can accrue a substantial savings.
• Improve logistics: FTZs are considered a best practice by the Customs-Trade Partnership Against Terrorism, permitting direct delivery of containers to zones.

Many other benefits can also be explored on the Vision CPF website here.  Check them out!

Vision Consumer Products Fulfillment is a certified General Purpose Foreign Trade Zone - #276. We are members of the National Association of Foreign Trade Zones, and we’re one of the few certified General Purpose Foreign Trade Zones in the Southern California area.

If you’re looking to take advantage of the benefit of doing business in a Foreign Trade Zone, Vision Consumer Products Fulfillment can help.  Let us share with you how implementing and managing a Foreign Trade Zone warehouse, with Vision as your partner, can significantly impact your bottom line.

Vision Consumer Products Fulfillment has decades of experience and industry expertise in consumer products fulfillment services.  No matter who your customer is, we treat your customer as our own.  We know what makes a raving fan out of an individual customer, as well as what makes a business partner trust you with their business.  Call or email us to learn how.  We’re certain we’ll be the best fulfillment warehouse partner you have ever had!

www.visioncpf.com

CPFSales@VisionMediamgmt.com