Why Companies Prefer to Use a FTZ For International TradeSource
Shipping and logistics can often span to multiple areas throughout the world, which means dealing with international trade laws and global market rules. This includes customs duties, taxes and tariffs, and other bureaucratic regulations. For US-based shippers, this can mean expensive costs and complicated instructions. The U.S. Customs and Border Protection (CBP) created secure areas outside of their typical jurisdiction, known as Foreign-Trade Zones (FTZ).