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Foreign-Trade Zone Corporation (FTZC) Helps U.S.-based Businesses Compete in a Global Economy

8/31/2009

By Greg Jones (©Trade & Industry Development, August 2009)

The Foreign-Trade Zone Corporation (FTZC) is the only nationally recognized consulting firm that limits its practice to the U.S. Foreign-Trade Zones program. The U.S. Foreign-Trade Zones program is a federal trade program that is designed to enhance the operational competitiveness of U.S-based manufacturing and distribution operations by enabling them to reduce their international logistics and Customs duty costs. The senior consultants of the Foreign-Trade Zone Corporation have more than 60 years of cumulative experience in setting up and running manufacturing and distribution operations that conduct their business under FTZ procedures.

Craig Pool, the company’s president and one of its three senior consultants said, “The FTZ Corporation provides the best solution for companies that are considering the use of U.S. FTZs, and those who are already using them. We provide a complete turn-key set of services and products for those who are taking a serious look at using FTZs to lower their Customs-related costs. We do very detailed cost-benefit analyses that help company executives make informed decisions before getting into the FTZ program. In cases where an application to the U.S. Foreign-Trade Zones Board is required, we help companies obtain Zone status. In fact, we have done several applications that have resulted in precedent-setting decisions by the FTZ Board.”

Seth Morrison, the company’s FTZ analyst, added, “Our understanding of the Board’s methodology in evaluating applications, and the way in which the FTZ program operates within the context of overall U.S. trade policy has been vital to our clients’ success. As we put together an application, we take a good hard look at any trade policy issues that could have an effect on its outcome. I think this has a great deal to do with our 100 percent success rate in getting applications approved.”

Trudy Huguet, the company’s vice-president, is often directly involved in helping companies obtain Customs approval for FTZ “activation,” and for their ongoing operational success. “We help companies integrate FTZ procedures into the way they already conduct their business,” she said. “In helping companies obtain approval to activate from U.S. Customs, we help them establish Zone procedures that make sense for the way in which they currently operate, and, at the same time, comply with Customs’ operational requirements. We help our clients use as much existing company data as possible in providing FTZ or Customs-related information; however, we pay very close attention to make sure that the company information used for Customs purposes is appropriate. This is essential for ongoing compliance.”


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