If you import raw materials, components, or finished goods,
here are a few of the ways FTZ No. 1 can save you money:
- Improve cash flow and save on interest expense by storing imported goods in FTZ No. 1 — duties are not paid until your merchandise leaves the zone
- Gain flexibility with import quotas
- Most merchandise subject to United States quotas may be held in FTZ No. 1 until the quota opens, so you can always have a sufficient quantity of merchandise available for market
- Lower insurance costs for imported goods and materials
- Lower, or in some cases, eliminate duties on goods manufactured using imported parts and materials, even when combined with domestic ones
- Save on transportation by repackaging your goods from heavy ocean containers into lighter, attractive packaging for the U.S. market
- Make your quality control inspections more cost efficient. Substandard goods can be stored or destroyed without paying duty
- Store, return, or destroy spare parts without paying duties
Learn more about the Free Trade Zone with our Free Trade Zone Primer
How can we help you?
E-mail us: INFO@WAREHOUSE-EXPRESS.COM
