* required fields
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.”
The FTZ program continues to serve as a reliable tool for American communities and their business constituents.
Looking for a tool that serves U.S.-based manufacturers to boost operating margins? Learn about the U.S. Foreign-Trade Zones (FTZs) program.
The FTZC was awarded 'Best Local Company To Work For' by Lagniappe Magazine. Learn more about why people want to work for and with the FTZC.
Learn more about the Foreign Trade Zone Corporation (FTZC) and its SmartZone Software Suite in an article from Supply Chain World Magazine.
Still think FTZs are just about large water ports? Think again and learn here how FTZs can be instrumental in helping your globalization efforts.
Import values into Zones has tripled in the last decade and businesses continue to save money using the FTZ program.
Industrial and development parks through out the United States are discovering that Foreign-Trade Zone status (FTZ) can be a beneficial tool for bringing new economic development to their area. Read why Neosho, MO is seeking a Foreign-Trade Zone.
Foreign-Trade Zones Board adopted a comprehensive rewrite of its regulations in 2012. Greg Jones explains how this decision, along with past decisions, have affected the success of FTZs and how FTZs are used by businesses to help compete globally.
Scott Sheldon and FTZC Announce Partnership to Place Deeper Value on Supply Chain Solutions.
Foreign Trade Zones: Relief from inverted tariffs enables U.S.-based manufacturers to produce their goods and sell them in the American marketplace, and maintain the operating margins that are essential to their survival.