Foreign-Trade Zones (FTZ)

Are you familiar with how Foreign-Trade Zones in the U.S. benefit local companies and communities? A foreign-trade zone (FTZ) is a designated location in the U.S. where manufacturers, and companies that perform value-added processing, can enjoy cost savings by delaying or reducing duty payments on foreign merchandise, as well as other savings. This video features Elizabeth Whiteman, Senior Analyst, at the Foreign-Trade Zones Board, U.S. Department of Commerce. She covers fundamentals about how Foreign-Trade Zones operate; how to apply for Foreign-Trade Zone authorization; and the overall benefits of the Foreign-Trade Zone Program. This training is approximately 25 minutes in length. For more: https://enforcement.trade.gov/ftzpage...

March 5, 2019