The U.S. Foreign-Trade Zones (FTZ) program was created by the Foreign-Trade Zones Act of 1934 to encourage foreign commerce in the United States, and to make U.S operations more competitive in international markets. These zones are defined as geographic areas adjacent to a U.S. port of entry, where foreign and domestic commercial merchandise receives the same Customs treatment as it would outside the United States. There are a number of benefits associated with FTZs, including inverted tariffs (the ability to pay the lower of two possible duties), duty-free services of product inspection, testing and re-packaging, a cap on merchandise processing fees and the reduction or elimination of some additional fees paid to U.S. Customs. Today, there are more than 230 U.S. FTZ projects.
Hundreds of Millions of New Consumers Need Ever-Greater Supplies of Food Every Year
Ever-changing consumer demands, climate change, and the reduction in global water supplies are some of the challenges facing food supply chains. A recent report from DMCC (Dubai Multi Commodities Centre) explains how addressing these factors through technology, innovation and sustainability initiatives may help tackle the expected population growth in the next ten years and its… Read More
1 2 Next »