Hey guys, I'm outlining my experience with a "Foreign Trade Zone" in my city, and thought it might be a useful resource for your import business.
A FTZ is pretty much custom bonded warehouse/facility, meaning you can defer payment of duties & taxes, and in case of re-export of cargo. Also avoid the applied duties/taxes all together considered they have never entered the “US consumption area”.
They support both large & small businesses through tariff savings programs, warehouse...
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from Foreign Trade Zone: Benefits for new importers
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