Here’s How Warehouses in Foreign Trade Zones Can Help Your Business

Digital Trade Globe on Forex BackgroundHave you considered utilizing warehouses in foreign trade zones to help your business?

Foreign Trade Zone Facts

For those who aren’t familiar, foreign trade zones were first introduced in the United States back in 1934– and today every state has at least one. Why store your goods in a warehouse in a foreign trade zone? There are several benefits.

If you have goods with a final destination outside of the United States and you move them through a foreign trade zone, here’s the good news: you’ll be exempt from duties and excise taxes.

When it comes to customs entries, in a foreign trade zone they’re organized and filed on a weekly basis instead of a daily basis. This benefit equals financial savings for you and your company, with less paperwork and less labor costs. For high volume importers, there’s great savings on merchandise processing fees.

Find the Right Warehouse in Foreign Trade Zones

Another benefit of warehouses in foreign trade zones is this: if operators have prior approval from Customs, they don’t have to wait for a Customs officer to be present before moving foreign product. This saves time and hassle… In a foreign trade zone, you don’t have to hold goods for customs clearance, such that you take one to three days off your supply chain timeline.

Finally, in foreign trade zones there’s no time limits of storage periods and goods can be released at any time. This is convenient for all sorts of businesses.

Affiliated Warehouse Companies can help you find warehouses in foreign trade zones. Expect factual and accurate information on all aspects of public warehousing at no cost or obligation to you. Affiliated Warehouse Companies will help you gather rates and data on public warehousing and also serve as your resource for things like site selection, warehousing law, insurance, etc. For more info, please call 732-739-2323 or use the contact page here.