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.
Dubai’s non-oil foreign trade recorded $176 billion in the first half of 2018; an increase of $1.36 billion from 2017… Read More
Please provide our readership with an approximate timeline for the launch of Petronia City? Azad Cola: Petronia City is presently… Read More
Silicon Valley manufacturers are reaping significant benefits in product quality, lower costs, reduced tariffs and supply chain efficiency through strategic… Read More
Safe Ports Regional Gateway, a 1,000-acre site in Jordan intended to serve as a thriving hub for global businesses looking… Read More
RK Logistics Group, a third-party logistics (3PL) provider and innovator in full-spectrum supply chain support services, announced today a major… Read More
Morrison Express, a global logistics, transportation, and supply chain management provider, is expanding its offering in El Paso, Texas, providing… Read More
1 2 3 Next »