Foreign Trade Zones Explained: Benefits, Setup, and Strategy
What Is a Foreign Trade Zone (FTZ)? A U.S. Foreign Trade Zone (FTZ) is a secure, U.S. Customs and Border Protection (CBP)-approved area where imported goods can be stored, assembled, or even manufactured- without immediately paying customs duties or taxes. Goods in an FTZ can be: Stored indefinitely, as long as they remain compliant Manipulated…
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