What is a Free Trade Zone? Simplifying Global Trade Operations
A free trade zone (FTZ) is a designated area where goods can be stored, handled, manufactured, or re-exported without immediate customs intervention. Such zones are typically located near major seaports, international airports, or border facilities to facilitate global trade. Customs duties and taxes are only applied when goods exit the FTZ and enter the domestic market, offering businesses flexibility, reduced costs, and streamlined operations for international trade. FTZs play a critical role in enhancing supply chain efficiency and global market reach.
What is a Free Trade Zone? Simplifying Global Trade Operations
A free trade zone (FTZ) is a designated area where goods can be stored, handled, manufactured, or re-exported without immediate customs intervention. Such zones are typically located near major seaports, international airports, or border facilities to facilitate global trade. Customs duties and taxes are only applied when goods exit the FTZ and enter the domestic market, offering businesses flexibility, reduced costs, and streamlined operations for international trade. FTZs play a critical role in enhancing supply chain efficiency and global market reach.
What is a Free Trade Zone? Simplifying Global Trade Operations
A free trade zone (FTZ) is a designated area where goods can be stored, handled, manufactured, or re-exported without immediate customs intervention. Such zones are typically located near major seaports, international airports, or border facilities to facilitate global trade. Customs duties and taxes are only applied when goods exit the FTZ and enter the domestic market, offering businesses flexibility, reduced costs, and streamlined operations for international trade. FTZs play a critical role in enhancing supply chain efficiency and global market reach.
